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Guyanese “trailblazers” lauded by President onboard country’s largest capacity FPSO

OilNOW -
Guyana’s President, Dr. Mohamed Irfaan Ali visited the Liza Unity floating production storage and offloading (FPSO) vessel on Tuesday where he toured the facility and met with the crew. He told Guyanese workers onboard the country’s largest capacity FPSO to...
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Guyana needs 10 FPSOs; renegotiation would kill the momentum – Dr. Jagdeo

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said on Friday that Guyana needs 10 oil-producing vessels to keep the economic momentum for government’s development agenda. He made the comment in defense of the incentives given to the Stabroek Block partners –...
News

New Guyana heliport to slash offshore flight time in half, at 70% completion

Shikema Dey -
With almost 70% of its building structures completed, the new heliport at Lusignan, East Coast Demerara, is expected to significantly reduce the flight time for operators heading offshore Guyana. The brainchild of Orinduik Development Inc., the facility is expected to be fully...
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Three of Brazil’s oil refineries, associated assets up for sale

OilNOW -
Brazil’s state-owned Petrobras has kickstarted the non-binding phase in its bid to sell three of its refineries and associated logistical assets. Petrobras announced on Monday that it began notifying potential buyers that they have been approved to participate and submit...
News

Guyana’s oil production reached all-time high of 386,000 bpd at end of July

OilNOW -
Oil production offshore Guyana exceeded 386,000 barrels a day (bpd) in July, marking the highest production recorded in a day since first oil. This data is publicly available via the Petroleum Management Program, an online portal available since early 2021 that makes...
Exploration

APA makes first discovery at Suriname’s Block 53, comes up dry at 58

OilNOW -
APA Corporation on Tuesday announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Block 53 Baja-1 was drilled to a depth of 5,290 meters (17,356 feet)...
News

Guyana oil production data available online since last year – Gossai Jr.

OilNOW -
Guyana’s Ministry of Natural Resources pointed out on Monday that oil production data can be easily accessed by the public via the Ministry’s Petroleum Management Programme website: https://petroleum.gov.gy/data-visualization. This follows reports in the media about the data not being...
News

Saipem adds ‘FlatFish’ underwater drone to boost monitoring, automatic inspections

OilNOW -
Saipem and Oil Spill Response Ltd. announced Monday that they have extended an existing partnership to include utilisation of Saipem’s FlatFish underwater drone robotic technology. The drone will be used for environmental monitoring and inspection of asset integrity. The existing contract between Saipem...
News

CGX, Frontera farmout deal gets conditional approval from Toronto stock exchange

OilNOW -
CGX Energy Inc. said Monday that the TSX Venture Exchange (TSXV) gave conditional approval for the agreement it made to farm out a majority stake in the Corentyne Block to Frontera Energy Corp. The agreement remains subject to certain confirmations from the...
News

Time running out for T&T to offer more investor-friendly contract terms – Energy Chamber

OilNOW -
The Trinidadian government had expressed openness to revising Production Sharing Contracts (PSC) to stimulate new investment in the twin-island Republic. The Energy Chamber of Trinidad and Tobago had called for this to be done. Upping its plea to the administration,...
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‘Lil Red Community Centre’ commissioned through partnership with Food for the Poor Inc. and SBM Offshore Guyana

Residents of Little Red Village on Guyana’s Essequibo Coast now have access to a new community hub following the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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