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Monday, April 12, 2021

Latest News

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber...

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a...

Total, CNOOC enter agreements with Uganda and Tanzania for $3.5 billion pipeline

(Reuters) -Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline...

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and...

Exxon’s Greater Guyana Initiative brings Zoom Rooms project to University of Guyana

The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning...

Trending

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a...

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber...

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and...

Exxon’s Greater Guyana Initiative brings Zoom Rooms project to University of Guyana

The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning...
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OilNOW TV

Local Content

Partnership is fastest way to help Guyanese build capacity for oil sector – GCCI President

While it is well known that most partnerships are not always successful, it is still a crucial mechanism to help Guyanese build capacity in...

Local content commission could ensure Guyanese are not being hoodwinked – Timothy Tucker

Senior member of the Georgetown Chamber of Commerce and Industry (GCCI) Timothy Tucker says several of the factors that constitute what a local business...

OilNOW TV webinar series continue tonight with focus on local content

A revised draft Local Content Policy has been the focus of intense consultations in Guyana since February, and it is expected that an updated...

Local content consultations wrap up with participation from over 180 agencies, firms

The Ministry of Natural Resources (MNR) said on Tuesday that it has concluded a series of strategic engagements with various stakeholders in Guyana on...

Final Local Content Policy must ensure Guyanese are valid partners not mere “window dressing”- GCCI Senior VP

Even though it regards the current revised draft Local Content Policy as a vast improvement over the previous version, the Georgetown Chamber of Commerce...

Critical variables in Guyana’s Workforce Development Equation

By Terrence R. Blackman, Ph.D. - OilNOW The recent 2020 Guyana Labor Force Survey (GLFS) highlights major interest indicators in Guyana's labor force participation. In...
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Latest News

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber...

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a...

Total, CNOOC enter agreements with Uganda and Tanzania for $3.5 billion pipeline

(Reuters) -Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline...

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and...

Exxon’s Greater Guyana Initiative brings Zoom Rooms project to University of Guyana

The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning...

Expert urges development of gas master plan, expects resources to continue growing

The Liza-1 well offshore Guyana could supply the country with approximately 50 million standard cubic feet of natural gas per day and one expert...

Supermajor Shell and others drilled multiple wells offshore Guyana and came up dry, then Exxon hit the jackpot

Bordered by oil producing giants such as Venezuela and Brazil, the evidence of possible hydrocarbon accumulations in Guyana dates back to the 1700s, when...

Letter-to-the-Editor: Further discussion needed on size of gas pipeline, use of growing resources

Dear Editor, I read with great interest the article entitled “Gas-to-power seen as a game changer for Guyana’s energy sector” as found in the impressive...

Regional

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura...

Stakes are high for Guyana and Venezuela in long-standing border controversy

By Ivelaw Lloyd Griffith - OilNOW In the first article in this four-part series, I focused on Venezuela’s recent saber-rattling...

Brazil’s Bolsonaro wants to change Petrobras’ fuel-price policy

(S&P Global Platts) Rio de Janeiro — Brazilian President Jair Bolsonaro once again warned of changes at state-led Petrobras...

Venezuela completes offloading of crude from vessel that was tilting near T&T

Venezuela has completed offloading more than 1 million barrels of crude from the floating storage and offloading facility (FSO)...

Mexico and Brazil populist presidents confounding investors

(Reuters) - When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest...

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Must Read

Expert urges development of gas master plan, expects resources to continue growing

The Liza-1 well offshore Guyana could supply the country with approximately 50 million standard cubic feet of natural gas per day and one expert...

Stakes are high for Guyana and Venezuela in long-standing border controversy

By Ivelaw Lloyd Griffith - OilNOW In the first article in this four-part series, I focused on Venezuela’s recent saber-rattling moves. In this 2nd part...

India’s thirst for more crude grows, focus deepens on Guyana, Venezuela and Iran

India Petroleum Minister Dharmendra Pradhan says New Delhi has an aggressive diversification strategy in place that provides flexibility in sourcing cargoes from a world...

Partnership is fastest way to help Guyanese build capacity for oil sector – GCCI President

While it is well known that most partnerships are not always successful, it is still a crucial mechanism to help Guyanese build capacity in...

Tankers brace for challenging quarter, Guyana long voyages bring hope – Platts

Over the next three months clean and dirty tankers across the globe will face challenges due to lower oil trade flow, weak refining margins...

Flash gas compressor reinstalled on Liza Destiny FPSO, system being tested

The repaired and upgraded flash gas compressor has been safely reinstalled on the Liza Destiny FPSO and a three-phase testing programme is now underway...

Opinions

Letter-to-the-Editor: Further discussion needed on size of gas pipeline, use of growing resources

Dear Editor, I read with great interest the article entitled “Gas-to-power seen as a game changer for Guyana’s energy sector” as found in the impressive second edition of the local publication ENERGY. On the surface it appears to be an excellent idea particularly when one considers the high costs of electricity in Guyana and the potential for usage of the gas for energy hungry industries as discussed in the well-written article. Having said that I do...

Stakes are high for Guyana and Venezuela in long-standing border controversy

By Ivelaw Lloyd Griffith - OilNOW In the first article in this four-part series, I focused on Venezuela’s recent saber-rattling moves. In this 2nd part...

The top three challenges of being the most appealing fossil fuel opportunity in the world

By Arthur Deakin - OilNOW It is no longer a secret that Guyana is one of the most attractive investment opportunities in the world. The...

Local content and immigration in Guyana

By Steven Jasmin - OilNOW Over the past 4 years Guyana has worked hard to iterate and develop a local content strategy and policy that...

Guyana’s geopolitical neighborhood heats up

By Ivelaw Lloyd Griffith - OilNOW Northern South America is heating up, and not just because of the massive oil fields that have been discovered...

Permits

Petroleum Contracts

GOG + EEPGL + CNOOC/NEXEN + HESS

GOG + CGX Energy

GOG + Ratio Energy

GOG + Tullow/Eco Atlantic

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Exploration

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and...

Platts panel talk up Guyana deepwater oil prospects

“So, it's like the western hemisphere's Abu Dhabi in a sense” Guyana – the biggest oil story in the last decade – remains the centre...

ExxonMobil’s 6th drill ship arrives in Guyana

The Noble Sam Croft has arrived offshore Guyana taking the total number of drill ships on contract with ExxonMobil operating in the South American...

Guyana wells have high recovery rates, can be drilled faster than any other deepwater basin in the world

The Guyana basin continues to shine with a range of world class attributes such as low breakeven prices, high quality crude and wells that...

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

OPEC+ throws caution to the wind with agreement to add over 2 million b/d to the market by July

(S&P Global Platts) After months of preaching caution and saying the time was not right to raise oil production, OPEC and its partners abruptly...

Platts panel talk up Guyana deepwater oil prospects

“So, it's like the western hemisphere's Abu Dhabi in a sense” Guyana – the biggest oil story in the last decade – remains the centre...

Guyana wells have high recovery rates, can be drilled faster than any other deepwater basin in the world

The Guyana basin continues to shine with a range of world class attributes such as low breakeven prices, high quality crude and wells that...

Total confirms plans underway to deliver first oil at Suriname Block 58 by 2025

French oil major total has confirmed that plans are underway to begin developing oil fields at Suriname’s Block 58 as early as 2025, around...