The government of Guyana expects the Exxon-led Stabroek block co-venturers to propose a seventh offshore development in 2024. Minister of Natural Resources, Vickram Bharrat said the government budgeted GY$100 million (approximately US$480,000) to review the application.
“We have dealt with...
LNDCH4 Guyana, the joint venture between CH4 and Lindsayca, has kickstarted a hiring drive in Guyana as it gears up for the construction of an integrated facility as part of Guyana’s Gas-to-Energy project. This facility, a cornerstone of Guyana's...
Trinidad and Tobago’s next step to access the Dragon gas field has begun, according to its Minister of Energy and Energy Industries, Stuart Young.
Speaking during the Trinidad and Tobago Energy Conference 2024 in Port-of-Spain on Jan. 22, Young reported...
The Guyana government plans to conduct an internal review of its offshore resources, a key step towards a potential second auction of its oil blocks.
Vice President Bharrat Jagdeo clarified that the exercise, described as a study this week by...
Guyana’s Finance Minister, Dr. Ashni Singh, announced the anticipated commencement of the construction of the Gas-to-Energy (GtE) integrated facility, which includes a 300-megawatt (MW) power plant, in the second quarter of 2024. The government contracted a US-based group (CH4-Lindsayca)...
Guyana’s Natural Resources Minister, Vickram Bharrat, has confirmed to OilNOW that studies are underway to determine which of ExxonMobil’s Stabroek Block projects can utilize the additional capacity of the Gas-to-Energy pipeline, following start-up in 2025.
Mr. Bharrat said, “The Liza...
The government of Newfoundland and Labrador has announced its consideration of selling stakes in the province's offshore oil industry, revealing plans to move forward with phase three of the comprehensive review of current oil and gas interests.
The government is...
Offshore Innovators Guyana Inc. (OIGI) has marked significant achievements in the country's burgeoning oil and gas sector, which it says showcases its commitment to local empowerment and contributing to the nation's newfound energy landscape.
Established in January 2017, OIGI said...
The Libra Consortium, a Petrobras-led group, has officially greenlit a natural gas and CO2 separation and reinjection initiative in the Mero field, located in the Brazilian deep offshore pre-salt region. The move, marking the final investment decision, aims to...
Suriname’s first offshore oil discovery was made in 2020 at the Maka Central-1 well in Block 58. Since then, more than eight discoveries have been made in several blocks. The Suriname basin is estimated to hold over 30 billion...
