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Exxon’s fibre optic cable, gas pipeline to follow similar route

OilNOW -
The upcoming Gas-to-Energy pipeline, which ExxonMobil Guyana will construct starting this year, will have a series of security measures including a fibre optic cable. In a project summary submitted to Guyana’s Environmental Protection Agency (EPA), ExxonMobil said the fibre optic cable...
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Exxon’s 5th project could produce up to 275,000 bpd, with first oil as early as 2026

OilNOW -
ExxonMobil’s fifth proposed development offshore Guyana could produce as much as 275,000 barrels of oil per day (bpd) and could achieve first oil as early as the fourth quarter of 2026, according to the project summary seen by OilNOW. Guyana’s...
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New facility looking to introduce robotic surgery in Guyana, first for the region

OilNOW -
As business activity continues to ramp up in the newest oil producing country in Latin America and the Caribbean, investors are betting big on new ventures which are set to change the face of Guyana in coming years. On Friday,...
News

GAICO boosts dredge operations with acquisition of US$7.5M Malavi-Hopper vessel

OilNOW -
GAICO Construction and General Services Inc. started from humble beginnings; with a little bobcat doing small-scale construction. But now, the company has blossomed into a large-scale venture plugging millions into Guyana's development. Its latest contribution is the acquisition of the...
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US$300M Vreed-en-Hoop shore base to be operational by 4th quarter of 2023 – Boyer

Kemol King -
Vreed-en-Hoop Shore Base Inc. (VEHSI), a US$300M project led by Guyanese businessmen, will be operational by the fourth quarter of 2023, said joint venture partner and owner of National Hardware Guyana Limited, Nicholas Deygoo-Boyer. VEHSI is a partnership between the 100% Guyanese-owned NRG...
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TOTALTEC academy trained over 550 Guyanese since 2018 – report

OilNOW -
The International Petroleum and Maritime Academy (IPMA) has trained and certified more than 550 Guyanese since its establishment, TOTALTEC said in a release commemorating two of the school’s anniversaries. It is celebrating one year since being awarded ISO 9001 certification,...
News

Community engagement sessions held for Port of Vreed-en-Hoop project

OilNOW -
NRG Holdings Incorporated conducted community engagements on March 25-26 for its landmark Port of Vreed-en-Hoop project. Residents from surrounding communities were given the opportunity to ask questions and raise concerns on the potential impact of the development. The activity...
News

Guyana pursuing ‘full indemnification’ in insurance agreement with Exxon – EPA Chief

OilNOW -
As Guyanese await the completion of an agreement to strengthen insurance guarantees from ExxonMobil, Executive Director for the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that “full indemnification” is being pursued. He said ExxonMobil affiliate, Esso Exploration and Production...
News

Guyanese geoscientist Ashlika Persaud scores three discoveries at Stabroek Block

OilNOW -
Guyanese geoscientist Ashlika Persaud says she has a deep desire, and that is to do right by her company – ExxonMobil - and her country, where the discovery of massive amounts of oil since 2015 has placed the South...
News

Guyana to spend 60% of oil revenues on development projects in four years

OilNOW -
As ExxonMobil positions itself to ramp up production in Guyana’s Stabroek block by adding projects nearly every year, the government plans to spend a majority of its early windfall for development projects. Guyana projects that the total inflows to its...
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NewsKemol King -

Exxon-led group recovers over US$35.9 billion in costs from Guyana oil projects

ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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