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Monday, June 14, 2021

Latest News

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at a ceremony held at the...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding...

Oil prices rise as demand improves

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel...

Guyana on its way to cashing in over half billion US dollars in oil revenue by year-end

Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing...

Exxon moves to Whiptail as 15-well Guyana campaign ramps up

Fresh off a new discovery announced just last week, U.S. oil major ExxonMobil is now moving to Whiptail, another prospect on the 6.6 million...

Trending

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at a ceremony held at the...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding...

Oil prices rise as demand improves

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel...

Guyana on its way to cashing in over half billion US dollars in oil revenue by year-end

Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing...
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OilNOW TV

Local Content

Guyana local content policy will be enshrined in law, Bharrat affirms

Guyana’s Minister of Natural Resources, Vickram Bharrat has assured that by the end of this year the government will commence putting into legislation its...

Tougher local content measures will be implemented if Guyanese are bypassed by oil companies, President warns

If Guyanese are bypassed by oil companies for jobs and business opportunities in the burgeoning petroleum sector, then the government would be forced to...

Competitors for oil and gas contracts are shrewd, Guyanese companies must learn to adapt – President Ali urges

Guyana’s Head of State, Dr. Irfaan Ali disclosed on Wednesday that local content provisions will be put in place to ensure competitive services provided...

Oil and gas technical training centre could help boost deficient human capacity in Guyana – Associate Professor

In its pursuit of a robust Local Content Policy, Guyana must be cognizant of its limited human resources while pushing for industry stakeholders to...
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Latest News

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at a ceremony held at the...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding...

Oil prices rise as demand improves

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel...

Guyana on its way to cashing in over half billion US dollars in oil revenue by year-end

Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing...

Guyanese company clears Bourbon Rhesos in one day, gearing up for other projects

Guyanese company, Western Logistics, successfully cleared the Bourbon Rhesos in one day upon its arrival in the new oil producing South American country. Bourbon...

Guyana local content policy will be enshrined in law, Bharrat affirms

Guyana’s Minister of Natural Resources, Vickram Bharrat has assured that by the end of this year the government will commence putting into legislation its...

Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a...

Norway vows to continue oil & gas production, even in green energy push

(Reuters) Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and...

Payment for 6th oil export pushes revenue past US$344 million

The Guyana government announced on Friday that the payment for the country’s sixth oil lift was deposited into the Natural Resources Fund Account, pushing...

Regional

Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd...

Total selects Yinson for pre-FEED work on first Suriname FPSO

Yinson has been selected by Total to perform preliminary Front-End Engineering Design (pre-FEED) for two FPSO projects; one to...

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Opinions

Managing Guyana’s oil revenues requires objective discussions – Dr. Terrence Blackman

By Terrence R. Blackman, Ph.D. – OilNOW In her essay, The Trouble with Tribes, Susan Fowler invites us to focus on the red dot in the center of the blue circle above. Within thirty (30) seconds, we experience the Troxler effect. When we fix our gaze on the red dot, the blue circle disappears, and all we see is the red dot amidst a field of white. Everything in the periphery fades away when our...

Three key imperatives new oil producer Guyana should pursue

By Ivelaw Lloyd Griffith – OilNOW In Part I of this series, I examined Venezuela’s recent saber-rattling moves against Guyana, while Part II addressed the...

Oil and Gas Imperatives: Direct Foreign Investment, Local Content Policy and Governmental Transparency

By Wilberne Persaud - OilNOW Growing up in British Guiana, I marveled at Dutch engineering genius. They created the seawall, amazing below-sea-level coastal water and...

The challenge of human capital and economic development in Guyana

By Jerry Haar – OilNOW The Guyanese highly value education, and that bodes well as the country seeks to capitalize on its oil and gas...

Guyana using its foreign policy to strengthen relationship with old allies, build new partnerships with oil producing nations

By Wazim Mowla - OilNOW While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a...

Guyana

First Lady Arya Ali is ‘Godmother’ of Guyana’s 2nd oil production vessel

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at a ceremony held at the...

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding...

Guyana on its way to cashing in over half billion US dollars in oil revenue by year-end

Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing...

Guyanese company clears Bourbon Rhesos in one day, gearing up for other projects

Guyanese company, Western Logistics, successfully cleared the Bourbon Rhesos in one day upon its arrival in the new oil producing South American country. Bourbon...

Managing Guyana’s oil revenues requires objective discussions – Dr. Terrence Blackman

By Terrence R. Blackman, Ph.D. – OilNOW In her essay, The Trouble with Tribes, Susan Fowler invites us to focus on the red dot in...

Exxon faring better than peers with addition of big Guyana volumes

Norway consultancy group Rystad Energy says new discovered volumes – a measurement of a company’s exploration performance – illustrates the daunting challenge faced by...

Permits

Petroleum Contracts

GOG + EEPGL + CNOOC/NEXEN + HESS

GOG + CGX Energy

GOG + Ratio Energy

GOG + Tullow/Eco Atlantic

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Exploration

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding...

Exxon moves to Whiptail as 15-well Guyana campaign ramps up

Fresh off a new discovery announced just last week, U.S. oil major ExxonMobil is now moving to Whiptail, another prospect on the 6.6 million...

Koebi-1 fails to deliver commercial crude, but Stabroek bonanza grows

The success rate at the Stabroek Block offshore Guyana remains unprecedented with significant hydrocarbon resources being found over the last year at previously announced...

Exxon resumes exploration drilling at Canje Block, Repsol kicks off survey at Kanuku

Exploration drilling in the Canje Block offshore Guyana continues at the Jabillo-1 prospect located approximately 261 kilometers offshore. The Stena Carron had initiated drilling operations...

Discoveries

Guyana could find more oil, and closer to shoreline

Experts in the oil and gas industry believe that more oil could be discovered closer to Guyana’s shoreline in the coming years with one...

Guyana’s history with oil dates back centuries

The possibility of Guyana having petroleum stemmed from observations of petroliferous occurrences recorded by Dutch explorers since the 1750s, but it was not until...

Offshore drillers look to Guyana, Suriname as global market struggles to recover – S&P Global

(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them...

Production

Guyana-Suriname Basin will be important to global energy transition – Hess VP Exploration

In order for the energy needs of the world to be met, upstream investments will have to significantly increase in the coming years. Deepwater...

Scale of resources, production potential at Suriname’s Block 58 “bigger than big” says APA official

All eyes are on Suriname’s Block 58 where four of the country’s five offshore discoveries have been made to date and the scale of...

Guyana and Suriname have reached ‘developmental take-off speed’ – analysts

Nestled on the north coast of South America, Guyana and Suriname are among the smallest of the countries on the continent. But with the...

Guyana regulators internationally trained to measure crude lifts

Guyana’s multi-billion-barrel hydrocarbon discoveries and the start of oil production operations have seen institutions playing catch up to monitor and regulate a sector that...