News

In an effort to ensure Guyana's US$900M gas-to-shore project is properly implemented, the Ministry of Natural Resources is actively searching for a Commercial Negotiator. According to procurement documents seen by OilNOW, the successful applicant would be required to support the...

Italian oilfield services company Saipem will officially open its offshore construction facility this month in Guyana’s capital Georgetown, to support the growing offshore operations in the new oil producing South American country. The facility will feature a heavy load bearing...

By Ivelaw Lloyd Griffith – OilNOW In Part I of this series, I examined Venezuela’s recent saber-rattling moves against Guyana, while in the subsequent article I addressed the high stakes involved for the two countries. With this as background I...

(Reuters) Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of COVID-19...

On May 4, 2021, an analysis by OilNOW pointed to the rapidly growing hydrocarbon resources being discovered in the Guyana-Suriname Basin and how this is likely set to surpass the U.S. Geological Survey (USGS) estimates for the frontier region....

Even with its vast oil reserves of over 300 billion barrels, Venezuela’s output is now on course to be surpassed by new producer Guyana where oil fields are moving to development at a robust pace as the government looks...

India has witnessed more than 300,000 new coronavirus cases per day for nearly two weeks in what is a growing humanitarian crisis that could see the outlook for oil consumption worsening in the short term, before rebounding later this...

Petrobras said on Friday that it started the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt. Named P-80, the platform will be the ninth unit to operate in the field,...

Since gaining its independence from the British in 1966, Guyana has struggled to embark on a path of sustained economic growth that served to elevate living standards for its people, despite being endowed with significant natural resources, even before...

All systems are being put in place for Guyana’s second oil production vessel which will depart Singapore in June for the South American nation. The Liza Unity floating production storage and offloading (FPSO) unit will have double the capacity...