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U.S. expected to approve US$660 million loan for Gas-to-Energy project in Guyana – Jagdeo

OilNOW -
Guyana's Gas-to-Energy project is set to receive significant financial support from the United States, according to Vice President Bharrat Jagdeo. Jagdeo detailed the ongoing negotiations and assurances received from various US departments, highlighting the expected approval of a substantial...
News

Gas-to-Energy: GAICO completes materials offloading facility, forges ahead with pipeline work

OilNOW -
GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.  “As a local company we are excited about this...
News

Trinidad, Venezuela, Shell sign Dragon gas license 

OilNOW -
President of PDVSA and Minister of Petroleum for Venezuela, Rafael Tellechea, said the company, as well as Shell and the National Gas Company of Trinidad and Tobago, signed a license for the development of the Dragon gas field, in...
News

TotalEnergies’ expansion bolsters Suriname’s offshore oil prospects

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TotalEnergies' concerted efforts in expanding its portfolio in Suriname's offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country's offshore oil production landscape. Block 64,...
News

‘Strategic shift in vision’ delivered Guyana’s largest shore base, now 10 years old   

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Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business. But following ExxonMobil’s worldclass...
News

Photos: Guyana’s US$100 million oil & gas and hospitality college for 2024 opening

OilNOW -
The Guyana Technical Training College Incorporated (GTTCI) is set to launch operations by next year, with the first phase nearing completion this quarter. The government of Guyana and ExxonMobil are the major partners in this venture. SBM Offshore is...
Opinions

Gas to Energy Project – the most transformational project in Guyana’s history

OilNOW -
By Cristina Caus - OilNOW The Gas-to-Energy project is an embodiment of Guyana’s mission to transform its historically underperforming economy, now one of the fastest growing, into a world-class and competitive environment. The GtE project represents one of the largest...
News

Plagued by challenges, CGX promises first oil offshore Guyana by 2030

OilNOW -
CGX Energy and Frontera Energy, partners in the exploration of the Corentyne block offshore Guyana, have announced their strategic plan to commence oil production by 2030. This announcement came during a public technical presentation on December 11, 2023, where...
News

Gas strategy to position Guyana as centre of regional integration

OilNOW -
Guyanese regulators are in the process of finalizing the nation’s gas strategy, which will guide authorities in transforming the country into a hub for regional integration. Speaking on the importance of the strategy, President, Dr. Irfaan Ali recently reminded...
News

Liquid content in Guyana’s gas fields could prevent straightforward deployment of floating LNG facility

OilNOW -
With oil production in Guyana set to hit 600,000 barrels per day (bpd) next year and cross the one million bpd mark by 2027, monetizing the large volumes of associated gas discovered to date at the ExxonMobil-operated Stabroek Block...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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