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Guyana, TT American Chambers stage 1st HSSE conference in Georgetown

OilNOW -
As Guyana prepares for first oil, the need for Health, Safety, Security and the Environment (HSSE) standards was further highlighted on Wednesday when the American Chamber of Commerce Guyana (AMCHAM), in collaboration with its sister organisation in Trinidad and...
News

Massive discovered resource opportunities on offer in Brazil 2019 pre-salt bid rounds

OilNOW -
The forthcoming three-round licensing bonanza of Brazil’s pre-salt acreage includes four massive discovered resource opportunities (DROs) sandwiched between two high-profile exploration rounds.  Timing for this round is set for November 6, 2019, industry analyst Wood Mackenzie said in a...
Exploration

SBM signs letter of intent to lease and operate FPSO Mero 2 in Brazil

OilNOW -
SBM Offshore has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180...
News

Two years on: Exxon business centre on a mission to make access to training easier

OilNOW -
The Centre for Local Business Development (CLBD), which was established back in July 2017 to help build the capacity of Guyanese businesses to better position themselves for the oil and gas industry, is on a mission to make training...
Opinions

The development of a Guyanese energy spot market

Bobby Gossai, Jr. -
There is prima facie evidence to suggest that a utility company is characterised by allocative inefficiency in its charging policies. However, improvement depends less on privatisation per se than on the form of the privatised energy industry. This can...
News

Guyanese businesses urged to push for meaningful participation in O&G

OilNOW -
Training, capacity building and having a stake in the operations of businesses entering the country to tap into opportunities in oil and gas are some of the key targets Guyanese are being urged to pursue as the South American...
Exploration

No signing bonus, free seismic data for companies in Dominican Republic’s first ever licensing round

OilNOW -
With no signing bonus and seismic exploration data being made available to companies for free, the Dominican Republic is offering low-risk contract terms in an effort to attract big investment in its nascent oil and gas industry. The licensing round...
Opinions

Local regionalisation and regulatory framework for Guyana’s future energy market

OilNOW -
Privatisation of the energy industry will only be effective in improving efficiency to the extent that it creates a market in the purchase and sale of energy; in other words, only if the present public sector monopoly can be...
News

Guyana did not receive signing bonus from Frontera-CGX farm-in – Dept. of Energy clarifies

OilNOW -
When Frontera Energy Corporation acquired a 33.33 percent share in CGX Energy’s license for exploration in the Corentyne and Demerara offshore blocks in 2018, the Guyana government did not receive revenue from this deal since it was a business-to-business...
News

Major O&G summit on Guyana begins July 3 in London

OilNOW -
As one of the few major new conventional oil regions discovered this century, Guyana is set to be transformed over the course of the next decade, with the country predicted to emerge as a top per capita producer of...
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Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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