Showing results for:

News

Guyana seeks operator for NGL plant, extends phase 2 bid deadline to March

OilNOW -
The Guyana government is seeking proposals for critical components of its landmark Gas-to-Energy project, which will utilize natural gas from the ExxonMobil-operated Stabroek Block. The Office of the Prime Minister has issued a request for proposals (RFP) from firms to...
News

Guyanese group launches first phase of world-class Port of Vreed-en-Hoop 

OilNOW -
The first phase of a world-class offshore support and fabrication facility called the Port of Vreed-en-Hoop was launched Saturday at Plantation Best, West Bank Demerara.  A ceremony attended by over 300 people took place at the facility, situated on 400...
News

World’s first offshore safety technology deployed in Guyana

OilNOW -
Salunda and Intellilift have achieved a milestone in offshore safety, installing the first real-time digital interface between wearable sensors, drilling controls, and moving machinery on four drilling rigs in Guyana. Salunda’s Red Zone monitoring solutions were integrated with Intellilift’s digital...
News

Demerara River bridge project costs US$318 million

OilNOW -
The Guyana government estimates that the cost of the new Demerara River bridge will be about US$318 million (GY$66.3 billion), according to this year’s budget documents. This includes the cost to build the bridge, pay consultants, and construct the road...
News

Westwood’s post-2025 energy investments spotlight Guyana’s Stabroek Block potential

OilNOW -
Beyond 2025, Guyana's Stabroek Block, operated by ExxonMobil, is set to remain a focal point for energy investments, according to a new report by Westwood Global Energy Insights. Guyana joins other major opportunities, including Brazil’s pre-salt basin, deepwater Namibia, and...
News

Guyana gov’t allocates US$245 million to complete Gas-to-Energy project

OilNOW -
The Guyana government allocated US$245 million (GY$51 billion) for the Gas-to-Energy project in its 2025 budget. The landmark project will use offshore natural gas for power generation, reducing emissions and giving the government the fiscal space to slash consumer...
News

John Hess says political risk in Guyana “low” as elections approach

OilNOW -
John Hess, Chief Executive Officer of Hess Corp., is confident in Guyana’s stability ahead of the South American nation’s general and regional elections this year.  Hess holds 30% of the shares in Guyana’s Stabroek Block. CNOOC is a partner, and...
News

Stena DrillMAX wraps up Exxon assignment in Guyana

OilNOW -
ExxonMobil’s contracted fleet of drillships in Guyana now stands at five with the recent departure of the Stena DrillMAX which has completed its assignment. The Maritime Administration Department (MARAD) said the vessel left Guyana’s Exclusive Economic Zone in January.  The...
News

Regulators, ExxonMobil near completion of Stabroek Block relinquishment process

OilNOW -
Minister of Natural Resources Vickram Bharrat announced that the process for ExxonMobil Guyana to relinquish 20% of the Stabroek Block is in its final stages.  The Petroleum Sharing Agreement (PSA) governing the Stabroek Block requires Exxon to relinquish 20% of...
News

Consultant report key to gov’t decision on Liza Unity’s optimization plans  

Shikema Dey -
The Guyanese government is awaiting a report from independent consultant IKM Acona AS before deciding on ExxonMobil’s plans to optimize the Liza Unity floating production, storage, and offloading (FPSO) vessel.  IKM Acona provides comprehensive consultancy and project management services to...
1...113114115...291Page 114 of 291

Latest News

NewsOilNOW -

‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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.

Quick Access

Company Info

Social Networks