Come February 2023, Guyana will make public the first draft of its new model Production Sharing Agreement (PSA), said Finance Minister, Dr. Ashni Singh.
“We have announced the main elements of a new fiscal framework, which will form the basis...
US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market.
The Uaru development, set to deliver first oil in...
Guyana’s Prime Minister, Mark Phillips has informed the country’s Parliament that the landmark Gas-to-Energy project will cost approximately US$1.8 billion.
In providing a breakdown of the project costs, Phillips said the pipeline cost is US$1 billion, which includes the entire...
ExxonMobil Guyana’s prime contractor, Schlumberger (SLB), is required to resubmit an application for environmental authorisation to operate its Houston, East Bank Demerara source storage and calibration facility.
This was confirmed to OilNOW by the head of the Environmental Protection Agency...
Closing out 2022, ExxonMobil produced 11.5 million barrels of oil from the Stabroek Block Liza projects, averaging 371,400 barrels per day (bpd).
From Liza Phase 1, the Liza Destiny floating production, storage, and offloading (FPSO) vessel extracted 4.286 million barrels,...
Guyana’s Ministry of Natural Resources has shortlisted Bayphase and Stratoil to vie for the contract to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru.
Initially, the list had stood at three, but De Godhyer...
Two wild cards dominate the 2023 oil market outlook: Russia and China.
According to the International Energy Agency’s oil market report for January, 2023 could see oil demand rise by 1.9 million barrels per day (mb/d) to hit 101.7 mb/d...
The industry has been asking for months when a Final Investment Decision (FID) for Suriname’s Block 58 would be made, but there has been no clear indication. There has however been speculation and opinions as to why there has...
A review of the Liza Field Development Plan (FDP) and license is on Guyana’s agenda for 2023 to allow for the production of natural gas for commercial use in the country.Â
Its Senior Minister of Finance, Dr. Ashni Singh made...
Building on its ISO 9001:2015 certification, GYSBI – Guyana’s largest shore base recently announced that it is now ISO 45001:2018 certified.
ISO 45001 is an international standard that specifies the requirements for a management system for occupational health and safety...
