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Cyprus: Eni sees potential for 150 million cubic feet a day from Cronos gas discovery

OilNOW -
A production test by Eni offshore Cyprus has allowed the company to estimate gas production capacity of over 150 million standard cubic feet per day, it said in a Feb. 15 update. The test was part of the Cronos-2...
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High cost of power drives investors away, says business group in most vigorous push yet for Gas-to-Energy project

OilNOW -
Senior Vice President of the Georgetown Chamber of Commerce and Industry (GCCI), Richard Rambarran, said seven out of every 10 investors who interact with the Chamber, end up postponing their investment decisions in Guyana, deterred by the country's persistent...
News

Berbice region to be central hub for gas supporting infrastructure – Pres. Ali

OilNOW -
As Guyana builds out its gas industry, President Irfaan Ali sees the Berbice region playing an integral role in its development.  According to the President, Berbice is set to become a hub for “gas-supporting infrastructure.”  “A mall, hospital, industries and, of...
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Guyana labor officials visit shore base facility following fatal accident

OilNOW -
Investigations by Guyana’s Ministry of Labour into a fatality at a Vreed-en-Hoop Shore Base Inc. (VEHSI) facility determined that the deceased was not equipped with the necessary safety gear at the time of the incident.  He was identified as Health...
News

Exxon mulling options for Guyana’s 7th Stabroek Block project; potential gas development in play 

Shikema Dey -
Could Guyana’s seventh Stabroek Block development be based on another oil discovery, or perhaps, the first offshore gas project? Operator ExxonMobil has not decided. Why? According to its President, Alistair Routledge, “We have more than one horse in the...
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TotalEnergies boosts Nigeria gas output with Akpo West tieback

OilNOW -
TotalEnergies has initiated production at the Akpo West field, located on the PML2 license in Nigeria.  This field, positioned 135 kilometers offshore, is connected to the Akpo floating production, storage and offloading (FPSO) unit, operational since 2009, which reported a...
News

Jagdeo anticipates US decision on US$660 million gas project loan in H1 2024

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Guyana's Vice President Bharrat Jagdeo said the government expects the United States Export-Import Bank (EXIM) to decide on a US$660 million loan request from Guyana in the first or second quarter of 2024. It is meant to support the...
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Looking ahead to country’s energy needs, Guyana considering second gas plant – Ali 

OilNOW -
Guyana’s first integrated power plant is not yet ready but the country is already mulling a second, in anticipation of an exponential demand surge. This is according to its President, Irfaan Ali.  “Already, based on our assessment, the power plant...
News

Venezuela to pocket “no less than 45%” of Dragon Gas gross income 

OilNOW -
Venezuela is set to receive almost half of the income from the Dragon Gas deal with Trinidad and Tobago.  According to a Feb. 3 Reuters article, the terms were outlined in a license, published by Venezuela’s official gazette. “In no...
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NSTA awards 24 licenses in second tranche of UK’s 33rd oil and gas licensing round

OilNOW -
The North Sea Transition Authority (NSTA) has announced the allocation of 24 licenses in the second tranche of the U.K.'s 33rd oil and gas licensing round, involving 17 different companies, including industry giants such as Shell, Equinor, BP, and...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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