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Trying to change contract terms willy-nilly is ‘low-life mentality’ – Tucker

Kemol King -
Former President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, is heavily criticizing calls to renegotiate the contract Guyana entered with ExxonMobil and the Stabroek Block co-venturers. Tucker pointed out that arbitrary decisions to change the...
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Saipem’s recent contract awards total US$650 million

OilNOW -
Saipem said that it was recently awarded new offshore engineering, procurement construction and installation contracts and competitive front end engineering design (FEED) contracts, totaling US$650 million.  One award is from Azule Energy for the Agogo Full Field Development project, a...
News

Guyana receives almost US$80 million for sole oil lift in March

OilNOW -
A statutory report in Guyana’s Official Gazette indicates the country received and sold one lift of profit oil from Stabroek Block crude production in March. The lift earned the country US$79,613,822.68 (GY$16,599,482,029).  For the new year, Guyana has received US$219,454,039.47...
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Major Exxon contractors cop OTC award for new technologies 

OilNOW -
Baker Hughes, Saipem and Schlumberger (now SLB) together with Equinor were among the top awardees for the Offshore Technology Conference (OTC) 2023 Spotlight on New Technology Award.  SLB, Baker Hughes and Saipem are all key contractors for ExxonMobil Guyana, operator...
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Advocates for renegotiation of Exxon contract have made a major loss

Kemol King -
The recent dismissal of a lawsuit against ExxonMobil’s Stabroek Block Production Sharing Agreement (PSA) marks a major loss for advocates pushing for changes to the contract.  Glenn Lall, the publisher of Kaieteur News, a Guyanese daily newspaper known for its...
News

Driller that made world-class Guyana discovery lands strategic partnership with Norwegian oil giant  

OilNOW -
Norway’s state energy company, Equinor, said it has awarded contracts for the use of the Transocean Encourage to be used mainly in the Norwegian Sea, and the Transocean Enabler for the Johan Castberg field. The planned drilling spans multiple...
News

Major oil services company needs caterers for Guyana operations 

OilNOW -
Halliburton - one of the world's largest providers of products and services to the energy industry - is preparing to tender for catering services in support of its activities in Guyana. In a public Expression of Interest (EOI), Halliburton outlined...
News

All 14 Guyana oil blocks attract interest as model PSAs released

OilNOW -
All 14 blocks on auction in Guyana’s ongoing licensing round have received expressions of interest, the government said in a statement Tuesday. Guyana’s Ministry of Natural Resources has published new model contracts to govern the three deepwater and 11...
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Guyana gov’t committed to developing oil resources, improving living standards – Hess Boss

OilNOW -
Hess Corporation’s Chief Executive Officer (CEO), John Hess has assured shareholders that the Guyana government will not be swayed by calls for a change of terms in the Stabroek Block Production Sharing Agreement (PSA). During a recent energy conference, Hess...
News

Guyana locks in US$82M in revenue for first oil lift this year

OilNOW -
Guyana’s Natural Resource Fund (NRF) received a payment of US$82 million in February, representing revenue for the first lift of profit oil sold in the new year. The payment is recorded as GY$17,148,857,000 (approximately US$82,248,714). It is the first of...
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Promises for oil & gas unveiled as Guyana’s landmark elections now just days away  

Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C)...

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