Guyana is targeting US$1.9 billion in commitments for its first offshore competitive licensing round, with safeguards to ensure contractors work swiftly and diligently. The bid round for offshore blocks opened on Monday, December 12, 2022 and included deepwater blocks (D1-D3) between...

Vice President Dr. Bharrat Jagdeo has said the government will pursue loan finance from the United States Export Import Bank (US EXIM) to complement planned spending on the Gas-to-Energy project. The government expects profits from the NGL plant to offset...

Seen as potentially transformative, the Gas-to-Energy project is progressing with hopes of cheaper and more reliable power for Guyanese. For many, this opens a world of opportunities as the country has one of the highest costs of electricity in the Caribbean and...

Guyana's Natural Resources Minister, Vickram Bharrat has assured that the National Assembly will be furnished with all agreements signed for the US$2.2 billion Gas-to-Energy (GTE) project. Mr. Bharrat provided this assurance as part of a written response to a question...

SBM Offshore met with fourth and fifth form students at the Corentyne Comprehensive High School in Berbice last Friday to apprise them of the company’s role in Guyana’s oil sector, and the careers available in the industry. This is the...

iNet Communications has unveiled a new satellite targeting improved connectivity for offshore operations spanning Guyana and the wider Caribbean Region. Chief Executive Officer (CEO), George Melville shared with OilNOW recently that iNet partnered with Eutelsat S.A. – a French satellite...

BP Trinidad and Tobago LLC (bpTT) has confirmed that its Cassia C development has safely delivered first gas. The project is expected to produce, at peak, about 200-300 million standard cubic feet a day of gas. Production will go towards...

ExxonMobil Guyana is now seeking technical and commercial information from local companies that can provide several insurance policies for the Yellowtail and Gas-to-Energy (GTE) projects. This was noted in a Request for Information (RFI) published on Monday, November 28, 2022. Exxon...

Guyana’s Environmental Protection Agency (EPA) on Friday approved the landmark Gas-to-Energy project, based on an environmental impact assessment (EIA) submitted by ExxonMobil Guyana. “The Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment related to...

Norwegian oil major, Equinor, said it submitted a plan for development and operation (PDO) of the Irpa gas discovery, formerly known as Asterix, to Norway’s Minister for Petroleum and Energy, Terje Aasland. Proven in 2009, the deepwater gas discovery called...