Eco Atlantic Oil & Gas Ltd. has placed US$20 million in escrow to support its capital expenditure for the Gazania-1 well in Block 2B offshore South Africa, its joint venture partner, Africa Energy Corp. said on Tuesday. “The block has...

By Dr. Lorraine Sobers – OilNOW Natural gas has been accepted as a cleaner alternative to fuel oil for electricity generation for over eight decades. Guyana is now poised to make the switch from fuel oil to natural gas and...

Initial estimates for Guyana’s massive gas-to-energy project hover around US$900 million to US$1 billion, with potential to increase, but considering the South American country has zero infrastructure in place and is essentially starting from scratch, one economist says the estimates...

Royal Dutch Shell and TotalEnergies scored big at a fresh Brazil bid round on Wednesday, securing six and two offshore exploration blocks respectively, in the country’s Santos basin. The public bidding session of the 3rd Cycle of the Open Acreage...

The latest report from the Intergovernmental Panel on Climate Change (IPCC) released last week says it’s “now or never” for governments to start staving off emissions to save the planet from irreversible climate disaster. Rich countries seem to be...

The Office of the President said that the government and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will team up to provide oil and gas training to locals. The commitment was made during a high-level meeting between officials...

Canadian oilfield service company, Shawcor Ltd., has received a Letter of Intent (LOI) with Saipem to see pipe coating for ExxonMobil’s Yellowtail project in Guyana’s Stabroek Block, set to begin in early 2023. Yellowtail is scheduled for first oil...

SBM Offshore confirmed on Tuesday that it has been awarded contracts for the construction of the ‘One Guyana’ floating production, storage and offloading (FPSO) vessel by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). “Under these contracts, SBM Offshore...

Former Director of Economics at the Caribbean Development Bank, Dr. Justin Ram, said it has been observed in the past that the commercialization of mineral resources has not resulted in the kind of “broad-based” benefit across the Guyanese population,...

As Guyana continues to build capacity to regulate the oil and gas industry, the Ministry of Labour is training officers to be able to conduct inspections at the site of ExxonMobil’s offshore operations. Minister of Labour, Joseph Hamilton told OilNOW...