The Guyana government is expected to invite bids this year for the monitoring of daily oil production data from ExxonMobil’s Stabroek block projects.  Vice President Bharrat Jagdeo, during his Jan. 25 press conference, told reporters that funds were allocated for...

The Stabroek block in Guyana produced 589,000 barrels on December 26, 2023 from three projects - Liza 1 (155,000 barrels), Liza 2 (253,000 barrels), and Payara (181,000 barrels).  This marks the highest total production from the Stabroek block, thanks to...

The Centre for Local Business Development (CLBD), through the support of the Greater Guyana Initiative (GGI), plays a critical role in helping Guyanese companies understand and access increasing opportunities in the oil and gas industry, while improving their overall...

Head of Malaysia’s Petronas, Zamri Baseri, is quoted by Reuters as saying the company needs to speak to Staatsolie - Suriname's state oil company - about the commercial models that can be used to make a project at block...

The International Energy Agency (IEA) forecasts a record-breaking global oil supply of 103.5 million barrels per day (b/d) in 2024. Guyana leads the production surge alongside the United States, Brazil and Canada, contributing to a collective increase of 1.5...

Latin America is poised for a surge in deepwater investments, with regional capital expenditures (CAPEX) expected to surpass US$25 billion in 2024, as outlined in Wood Mackenzie’s newest report titled: ‘Latin America upstream: 5 things to look for in...

ABB has been awarded a contract by Offshore Frontier Solutions Pte Ltd to provide a comprehensive electrical system and digital solutions for ExxonMobil's Errea Wittu floating production, storage and offloading (FPSO) vessel. Offshore Fronter Solutions is a joint venture...

The Guyana government plans to conduct an internal review of its offshore resources, a key step towards a potential second auction of its oil blocks.  Vice President Bharrat Jagdeo clarified that the exercise, described as a study this week by...

Guyana’s Finance Minister, Dr. Ashni Singh, announced the anticipated commencement of the construction of the Gas-to-Energy (GtE) integrated facility, which includes a 300-megawatt (MW) power plant, in the second quarter of 2024. The government contracted a US-based group (CH4-Lindsayca)...

Guyana’s Natural Resources Minister, Vickram Bharrat, has confirmed to OilNOW that studies are underway to determine which of ExxonMobil’s Stabroek Block projects can utilize the additional capacity of the Gas-to-Energy pipeline, following start-up in 2025. Mr. Bharrat said, “The Liza...