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Shell forced to evacuate 85 workers from North Sea project due to COVID-19

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(S&P Global Platts) Shell has had to evacuate some 85 workers from its Shearwater gas and condensate project in the UK North Sea due to a COVID-19 outbreak, posing an "additional challenge" to the project timeline, a source close...
News

United Kingdom should not be bystander in Guyana’s oil boom, says former U.K. Energy Minister

OilNOW -
If British companies and institutions do not give Guyana’s rapidly expanding oil and gas industry the support and massive experience they can contribute, then others will fill that void. This is the view of former U.K. Energy Minster and...
News

Trinidad needs to pour investments into deepwater exploration to reverse decline, says GlobalData

OilNOW -
Production of natural gas, the main commodity in Trinidad and Tobago (T&T), has been declining ever since 2015. Future gas output is projected to stay below 2017 numbers and then decline at a higher rate after 2024. In order...
News

Failure to work together can see Guyanese businesses being outmatched by foreign investors

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Authorities in Guyana are upping the call for local businesses to work together so that they are better positioned to tap into the growing opportunities being presented as a result of the oil and gas activities in the South...
News

Diplomat calls on more U.S. companies to set up shop in ‘land of many waters’

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United States Ambassador to Guyana, Sarah-Ann Lynch is urging internationally recognized American companies to set up shop in Guyana. She made the comment during the sod turning ceremony for a new Courtyard by Marriott in the compound of the Cheddi...
News

Guyana government set to invest almost GY$500 million per day in projects for remainder of year – President Ali

OilNOW -
During Cabinet deliberations on Thursday, the Irfaan Ali administration examined government’s expenditure portfolio and profile and the investments critically needed to transform the new oil producing country. “Just to let you understand how important this is, for the remainder of...
News

Qatar Petroleum to spend $200 million on emissions reduction technology

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Qatar Petroleum, one of the latest oil and gas companies to take up acreage in the Guyana-Suriname Basin, will spend $200 million on emissions reduction technology for its North Field LNG expansion project off the north-east shore of the...
News

Head of Exxon’s Guyana operations says no sustainable business can be run solely by expats, overseas companies

OilNOW -
As authorities in Guyana forge ahead with the establishment of a local content policy that is likely to be backed up by legislation, the largest oil and gas company operating in the South American country is making it clear...
News

Eco Atlantic acquires stake in JHI ahead of Jabillo well results

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. announced on Monday that it has closed a transaction with JHI Associates Inc. (JHI), a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10%...
Exploration

Guyana is lynchpin in southern Caribbean’s changing geopolitical landscape – Scott B. MacDonald

OilNOW -
By Scott B. MacDonald - OilNOW In June 2021, Guyana was the host for Operation Tradewinds, a multinational military exercise, involving military forces from the U.S., the Bahamas, Brazil, Canada, the Dominican Republic, France, Jamaica, the Netherlands, Trinidad and Tobago,...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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