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Hess, Guyana honoured for pioneering sustainable energy solutions at AIEN Awards

OilNOW -
Hess Corporation, together with the Government of Guyana, earned the annual Energy Transition Initiative Award from the Association of International Energy Negotiators (AIEN) for leadership in creating a sustainable energy future. The award presentation described a landmark Carbon Credits Purchase...
News

Highest to date: Liza field output was 11.6 million barrels in May 2023

Kemol King -
ExxonMobil’s Liza projects produced 11.6 million barrels of crude in May, at 374,450 barrels per day (bpd). This was constituted by production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.  May output also...
News

Hess Chief says Guyana President assured him of strong appeal in financial assurance case

OilNOW -
Chief Executive Officer of Hess Corporation, John Hess, said Friday that he was assured by Guyana President Dr. Mohamed Irfaan Ali of the strength of Guyana’s case in the appeal of an upset High Court judgment on financial assurance...
News

“How can government’s legal advisor be excluded from proceeding where state benefits” – AG

Shikema Dey -
Guyana’s Appellate Court will soon decide whether Attorney General (AG) Anil Nandlall will be allowed the join legal proceedings concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of an oil spill.  The parties appeared...
News

New law will prohibit Guyana gov’t officials, family members from owning petroleum license

OilNOW -
The new draft Petroleum Activities Bill released this week by Guyana’s Ministry of Natural Resources contains stringent measures which seek to block government officials and their family members from owning a petroleum license. Under ‘Prohibition against holding a licence’ the...
News

Local caterers now have up to July 4 to submit RFI’s to Noble Drilling

OilNOW -
Noble Drilling, one of ExxonMobil’s prime contractors, has extended the deadline for firms to submit technical information for the provision of offshore catering, housekeeping, laundry, janitorial and pest control services. The deadline is now July 4.  Noble said the scope of...
News

Total-Exxon deal to develop Guyana-Suriname gas resources a real possibility

OilNOW -
It may be a far way off, but the Guyana government is setting the stage for the development of gas resources with Suriname, if the companies decide to go that way.  The latest development, in this regard, is a proposed...
Opinions

Mother Nature at Work: Oil and Climate Change in Guyana; Part I

OilNOW -
By Ivelaw Lloyd Griffith This is a two-part series on Guyana’s petroleum pursuits and the likely impact of climate change dynamics on those pursuits. In this first article, we look at oil production and note some of the climate change...
News

Exxon has invested in Guyana, the equivalent to the Central Bank’s total assets

OilNOW -
Top officials at ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) have confirmed that its asset base as of December 2022 stood at GY$2.3 trillion (almost US$11 billion).  EEPGL’s Vice President and Business Service Manager, Phillip Rietema was keen...
News

Eni hires Baker Hughes for Ivory Coast subsea project

OilNOW -
Baker Hughes has been awarded a major contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development. This award includes eight deep water trees, three...
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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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