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Production data for Liza, Unity Gold Crude show output peaked at 365,000 bpd in June

OilNOW -
Guyana’s Ministry of Natural Resources (MNR) developed a special website in 2021 as part of its Petroleum Management Programme, dedicated to making information about the country’s oil and gas sector publicly available. The platform, since May 2021, has been...
News

Touchstone’s Cascadura project moves closer to approval

OilNOW -
Trinidad and Tobago’s Environmental Management Authority (EMA) has received the full Environmental Impact Assessment (EIA) for Touchstone Exploration’s Cascadura onshore gas project. The EIA supports the company's application for a Certificate of Environmental Clearance (CEC) to carry out its development...
News

Fire at Cuba oil facility spreads as 3rd tank ignites

OilNOW -
HAVANA (AP) — A deadly fire that began at a large oil storage facility in western Cuba spread Monday after flames enveloped a third tank that firefighters had tried to cool as they struggle to fight the massive blaze. At...
News

Builder of Guyana FPSOs now has best delivery time in the world for high-capacity vessels

OilNOW -
Dutch floater specialist SBM Offshore is the only company in the world to deliver floating production storage and offloading (FPSO) vessels with capacity above 120,000 barrels per day, on time, in the last five years. The company’s world-class performance is...
News

City Chamber will continue to advocate for sanctity of contract – President

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, said in relation to the 2016 Stabroek Block Production Sharing Agreement (PSA), that the organisation's code of conduct requires adherence to contract sanctity. “There's no changing of that,”...
News

South America’s offshore production will exceed onshore by 2024

OilNOW -
New wells drilled in South America in 2014 contributed to 8% of new wells globally in the offshore sector and 4% in the onshore. And according to Norway-based Rystad Energy, activity has been on a downward trend since then,...
News

‘Even if global solar capacity quadruples by 2030, it would not be enough’ – Int’l energy alliance

OilNOW -
The International Solar Alliance (ISA) – an international energy union working to make solar energy accessible to all – is advocating for more investments in solar energy projects. The alliance’s Director General, Dr. Ajay Mathur, argues that even if...
Exploration

Regulators are present on both FPSOs doing real-time monitoring – Bharrat

OilNOW -
The capabilities of key agencies tasked with monitoring the offshore oil and gas operations in Guyana have been strengthened over the last two years and work is ongoing to further build capacity as production ramps up in the new...
News

Guyana’s renewable agenda progresses with newly commissioned solar farm at Lethem

OilNOW -
Guyana has made it clear that it intends to stimulate growth with clean, cheap and reliable energy and it is already on that path. On Friday, the South American nation commissioned Lethem’s one-megawatt solar energy farm at a cost...
News

‘Natural gas can reduce Caribbean region’s generation costs by 40%’ – President Ali

OilNOW -
With the high cost of electricity in Guyana, authorities have been putting arrangements in place for the landmark gas-to-energy project which, in addition to cutting the cost of power in the country, is expected to also deliver benefits to...
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ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter 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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