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Exxon’s Uaru project to be among key early 2023 offshore sanctions, says Westwood Energy

OilNOW -
Westwood Global Energy Group said the key projects anticipated to be sanctioned in the first half of 2023 include Eni’s Baleine Phase II development (Ivory Coast), Petrobras’ Sergipe-Alagoas (Brazil), ExxonMobil’s Uaru (Guyana), Mellitah’s Structure A & E (Libya) and...
Exploration

Eco (Atlantic) & partners seek approval to drill up to five wells offshore South Africa

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said that it, along with its partners, on South Africa’s Block 3B/4B are applying for environmental authorisation to undertake exploration activities. The block lies in water depths averaging approximately 1,000 metres, in the...
News

Guyana licensing round could bring renewed focus on junior oil players – Westmount Energy

OilNOW -
The excitement surrounding Guyana’s 2022 auction has caught up to investment firm Westmount Energy Limited and all eyes are on South America’s rising oil star.  “...the launch of the 2022 Guyana Licensing Round, under less benign fiscal terms, may bring...
News

G-Boat fleet balloons to 22 with addition of new Guyanese named vessels

Shikema Dey -
The MADAM KALINA and A’RINRA are the newest editions to Edison Chouest Offshore’s (G-Boat) local fleet. Now, the company has a total of 22 vessels operating in Guyana’s offshore Stabroek Block.  The total Guyanese staff complement has ballooned to over...
News

Exxon-supported 2022 CPL games deemed biggest ever, delivered major economic benefits to Guyana

OilNOW -
For six consecutive years, Stabroek Block operator ExxonMobil has been supporting the Caribbean Premier League (CPL) - the biggest party in sport - which has seen Guyana raking in big bucks just last year alone.  Exxon was also the exclusive...
News

Public hearing on EIA for Guyana’s Gas-to-Energy Plant: what you need to Know

Shikema Dey -
The Environmental Assessment Board (EAB) arm of Guyana’s Environmental Protection Agency (EPA) held a hearing on March 22 on appeals filed to challenge the Agency’s decision to not require a separate Environmental Impact Assessment (EIA) for a proposed 300...
News

Halliburton’s 365 Well Construction Software Hess’s pick for digital well designs

OilNOW -
Halliburton will be using its DecisionSpace® 365 Well Construction applications powered by iEnergy® Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells for Hess Corporation - the 30% stakeholder in Guyana’s prolific Stabroek Block.  Halliburton said...
News

Bayphase helped Guyana gov’t integrate Gas-to-Energy into Liza development plan

OilNOW -
Bayphase recently assisted the Guyana government with the review of ExxonMobil’s proposed amendments to its Liza development to accommodate the Gas-to-Energy project.  The UK-based firm said on its website that its work concerned the preparation of two reports summarising its...
Opinions

Trinidad and Tobago’s Proposed Energy Alliance

OilNOW -
By Riyad Insanally Last month, Trinidad and Tobago (T&T) Energy Minister Stuart Young proposed a Caribbean energy alliance involving Guyana, Suriname and, of course, his own country. In broad terms, he was offering T&T’s established capacity to process oil and...
News

With trillions in oil revenues on the horizon, Guyana must carefully monitor rate of spending – Economist

OilNOW -
With 11 billion barrels of oil equivalent resources in the Stabroek Block, and multi-billion barrels poised to be unlocked, Guyana could soon see more than a trillion Guyana dollars being deposited annually into its Natural Resource Fund (NRF). With such...
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Latest News

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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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