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High-level gov’t delegation tours Guyana’s 1st floating oil production complex

OilNOW -
A high-level Guyanese delegation on Monday visited the country’s first Floating, Production, Storage and Offloading Vessel (FPSO)—the Liza Destiny—for a first-hand look at the facility that will be producing the country’s first barrel of oil. The team, comprising ExxonMobil’s Country...
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Business leader wants equal pay for equal work in Guyana’s emerging O&G sector

OilNOW -
A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...
News

2% royalty is not Guyana’s entire ‘slice of the pie’

OilNOW -
The 2% royalty to be paid by ExxonMobil to the Guyana Government when oil production begins does not represent the country's entire take from its offshore oil revenues; a critical component of the discussion that is missing from public...
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Finance minister urges GUYOIL to prepare for O&G opportunities

OilNOW -
Guyana’s finance minister Winston Jordan has urged the Guyana Oil Company (GUYOIL) to prepare itself to capitalize on opportunities in the South American country's burgeoning oil and gas sector as preparations ramp up for oil production commencing in early...
Exploration

Guyana embarking on countrywide ‘Needs Assessment Survey’ to build oil & gas capacity

OilNOW -
Guyana's Department of Public Service is preparing to embark on a countrywide needs assessment survey, with special focus on the country's emerging oil and gas sector. Minister with responsibility for the South American nation's Public Service, Tabitha Sarabo-Halley, says this...
Exploration

India looking to pursue O&G agreement with Guyana

OilNOW -
With commercial oil and gas exploration commencing in the first quarter of 2020 in Guyana, India has interest in entering into a commercial agreement with the South American country. This is according to the newly accredited Indian High Commissioner to...
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SBM Offshore signs long-term deal with ExxonMobil for FPSO orders

OilNOW -
Dutch floater specialist SBM Offshore and ExxonMobil have signed a Long-Term Agreement covering potential future FPSO orders. SBM last week delivered the first FPSO – Liza Destiny – for ExxonMobil’s Liza Phase 1 Development project offshore the South American country...
News

Hess will plug 75% of CAPEX in Guyana, Bakken over next 5 years

OilNOW -
The Stabroek Block offshore Guyana is being praised as a transformational investment opportunity for Hess Corporation. The company’s 30 percent stake in the prolific 6.6 million acres block is helping to put it well on its way to increasing...
News

Exxon agrees $4 billion sale of Norway oil and gas assets

OilNOW -
(Reuters) - Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, ending its production in a country where it started operations more than a century ago, three sources familiar with the...
News

CDC looking to test oil spill response plan at upcoming Exercise Tradewinds

OilNOW -
Guyana is preparing to host Exercise Tradewinds in June 2020 and Director General of the Civil Defence Commission (CDC) Lieutenant Colonel Kester Craig wants the operation to feature an oil spill response component. Currently, the CDC is finalizing Guyana's first...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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