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Guyana demonstrates it’s possible to use fossil fuels responsibly and protect the environment – Blinken

OilNOW -
US Secretary of State Antony Blinken highlighted Guyana's remarkable achievements in responsibly utilising fossil fuels while prioritising environmental protection. He emphasized that the country's efforts serve as an example for others. Blinken stated, "Now, Guyana will soon be the highest...
News

Exxon forging ahead with pipeline projects in South America, emphasizing gas development agenda

OilNOW -
Gas remains key to ExxonMobil’s development agenda as seen by the company’s acceleration of two major pipeline projects in the South American region.  Over in Argentina, Exxon recently commenced the engineering study phase for the development of a new pipeline...
News

Critical analysis of Guyana’s development path emerges in academic debate

OilNOW -
In an engaging Oxford-style debate, two prominent voices in Guyana; Elson Lowe and Joel Bhagwandin, engaged in a thought-provoking discussion on the premise - "Guyana is not on the right development path, given its newfound oil resources." The event,...
News

Guyana’s 11 billion barrels a far way from the top

OilNOW -
Guyana is now an impressive oil and gas destination with proven reserves of more than 11 billion oil-equivalent barrels in the Stabroek Block. Through the operations of an ExxonMobil-led consortium, the country will become one of the world’s largest...
News

Guyana’s Petroleum Activities Bill to strengthen regulatory, management tools – VP Jagdeo

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo has clarified that the country’s Petroleum Activities Bill 2023 is solely intended to whet the administration’s regulatory teeth. It will not embody the fiscal regime for the industry. This he said would be...
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Guyana, Brazil to account for 30% of global subsea tree installation – Rystad Energy

OilNOW -
South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.  The Norway-based firmt said investments in offshore services are expected to balloon...
News

Development drilling at Payara well site ramps up as start-up date nears

OilNOW -
Development drilling activities in the Stabroek Block have increased as operator ExxonMobil Guyana gears up to commission the Prosperity floating production, storage, and offloading (FPSO) vessel.  According to the Maritime Administration Department (MARAD), the PY_1i2 Well Site is located approximately...
News

US$550 million in Middle East, Mediterranean contracts for Saipem

OilNOW -
Saipem has secured two significant offshore drilling contracts worth a combined total of approximately US$550 million. These contracts were awarded in the Middle East and the Mediterranean Sea. In the Middle East, Saipem has obtained a ten-year extension to an...
News

Extensive appraisal work in play to define Fangtooth as 7th project offshore Guyana – Hess

OilNOW -
Hess Corporation’s Chief Executive Officer (CEO), John Hess has confirmed that extensive appraisal work is being undertaken to properly develop the Fangtooth field as the seventh project for the Stabroek block partners. During a recent conference, Hess said it is...
News

Guyana Opposition says oil bill missing key learnings from recent years

OilNOW -
Guyana's Opposition Leader, Aubrey Norton on Monday expressed disappointment with the newly released Petroleum Activities Bill, stating that it fails to incorporate the lessons learned from challenges faced by the country's oil and gas industry in recent years. The...
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Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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