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Guyana prepared for submission on ICJ jurisdiction in border case -Greenidge

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The lawyers representing Guyana in the case against Venezuela before the International Court of Justice have prepared the memorial and are ready to make their submission on November 19. This was confirmed by Guyana’s Foreign Affairs Minister Carl Greenidge who...
News

Energy Dept completing ‘gas to power’ feasibility analysis

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As the Government of Guyana continues to look at ways to garner cheaper energy from oil and gas finds offshore, the Department of Energy is undertaking a feasibility study. Dr. Mark Bynoe, Director of the Department of Energy, on Thursday...
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As Guyana preps for 750,000 bpd bounty by 2025, Goldman Sachs says oil shortage is coming

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As the South American country of Guyana prepares to join the league of petroleum producing nations, American multinational investment bank, Goldman Sachs, says an oil shortage is coming over the next decade because firms cannot fully invest in future...
News

Energy Department prepping for Guyana oil bonanza

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Guyana’s newly established Department of Energy (DoE) is currently looking at a series of capacity building initiatives that will allow it to better meet its’ objectives in the country's emerging oil and gas sector. Since 2015, US oil major ExxonMobil...
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Tullow looking to strike oil offshore Guyana next year

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Independent oil explorer Tullow is confident of stronger crude output next year due to increased drilling in its West African assets and hopes to strike oil at its block in Guyana, exploration director Angus McCoss told S&P Global Platts. Tullow...
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Persad-Bissessar makes impassioned plea for Guyana to avoid mistakes made by TT

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Speaking to a room packed to capacity at the Pegasus Hotel in Georgetown, Guyana on Thursday evening, Trinidad and Tobago’s Opposition Leader and former Prime Minister, Kamla Persad-Bissassar urged Guyana to avoid some of the mistakes made by her...
Exploration

Guyana halts issuance of exploration licenses for one year

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As the Guyana Government’s Energy Department works to increase its capacity, update legislation and have a better understanding of the local and global petroleum sector, it has put a moratorium on the granting of new exploration licenses. This was disclosed...
News

Local content framework in Guyana to be in place “long before first oil” – Dept. of Energy

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“We are confident that there will be a Local Content framework long before first oil.” This assurance was given by Director of the Department of Energy, Dr. Mark Bynoe as he addressed media operatives at his first press conference...
News

Bynoe says gov’t will honor ExxonMobil contract even as it looks to design new model PSA

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Speaking at his first official press conference since assuming office, Head of Guyana’s Department of Energy, Dr. Mark Bynoe told reporters on Thursday, at the Ministry of the Presidency, that any review of the Production Sharing Agreement (PSA) between...
News

TT Opposition Leader set to deliver oil and gas speech in Guyana

OilNOW -
Trinidad and Tobago’s Leader of the Opposition and Political Leader of the United National Congress (UNC) Mrs Kamla Persad Bissessar will be the feature speaker at the 23rd Awards Presentation and Dinner hosted by the Guyana Manufacturing & Services...
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An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

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