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Suriname having hard time getting oil dollars; Guyana remains attractive – Jagdeo

OilNOW -
Vice President of Guyana, Dr. Bharrat Jagdeo, on Thursday discussed the challenge the country faces in attracting oil investments, as it contends with 85 other nations vying for similar opportunities via bid rounds. He made the comments in response...
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India, Africa, UAE helping Guyana build capacity to manage oil sector

OilNOW -
Authorities in Africa, India, and the United Arab Emirates (UAE) are stepping up to help Guyana strengthen its oil sector capabilities, said Vice President Dr. Bharrat Jagdeo during a press engagement on Thursday in Georgetown. The chief policymaker for the...
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Van Oord’s Stingray barge mobilising for Gas-to-Energy project

Kemol King -
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners to navigate with extreme caution, as ExxonMobil moves to commence pipelaying activities.  MARAD has provisioned June 1 - November 1 as the period for these activities. It said the shallow...
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Ali asked Lula to intervene on Petrobras’ decision not to bid in Guyana auction – Jagdeo

OilNOW -
Petrobras, Brazil’s state oil producer, has decided not to participate in the ongoing offshore licensing round in Guyana. Vice President of Guyana, Dr. Bharrat Jagdeo told reporters on Thursday he had a meeting with Petrobras officials in New York,...
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G-Boats’ newest tugs were named by Guyanese students

OilNOW -
Exxon is continuing to build support for its petroleum operations offshore Guyana, with the recent addition of two state-of-the-art tugs. These impressive vessels, named MV Kalina and A’Rinra, will play a crucial role in guiding oil tankers at the...
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Guyanese-Italian JV wins contract to lay onshore aspect of Gas-to-Energy pipeline

Kemol King -
The final major contract for the development of the Gas-to-Energy project has been awarded, for the onshore pipeline. A joint venture of the Guyanese company, GAICO Construction and General Services Inc., and the Italian company, SICIM, secured this work...
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EPA issues enforcement notice to Exxon as court deliberates on stay of execution

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has served Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL) with a notice to provide an unlimited parent and/or affiliate company guarantee. This revelation was made on Wednesday by the EPA’s lawyer,...
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Guyana gov’t asks to join appeal case to oppose order for ‘unlimited’ guarantee

OilNOW -
Guyana’s Attorney General, Mohabir Anil Nandlall has applied to be a party to the court case concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of a spill. In this bid, Nandlall is warning...
News

Liza Phase Two production dips in second half of April

Kemol King -
Production guidance from Hess Corporation for the Stabroek Block indicates a reduction in 2023 Q2 compared to the prior quarter, as Exxon moves to execute maintenance on the Liza Phase 2 project.  Net production for Hess, a 30% stakeholder in...
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Update: Oil spill insurance appeal adjourned until Wednesday

OilNOW -
A new date of Wednesday, May 31 has been set for the hearing of an appeal on a Supreme Court ruling concerning financial assurance for ExxonMobil’s Stabroek Block operations.  The case came up in the Appellate Court on Monday, May...
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Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the...

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