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Guyana oil production hits highest recorded output in September

OilNOW -
Guyana’s oil production hit a massive 391.98 thousand barrels of oil per day on September 23 this year, making it the highest output ever recorded since production began in 2019 at the ExxonMobil-operated Stabroek Block. This has been made possible...
News

Using gas offshore Guyana “makes much more sense” than importing LNG for domestic use – TT Chamber Head

OilNOW -
It would be highly impractical for Guyana to expend billions importing liquefied natural gas (LNG) for its domestic use, as opposed to tapping into its massive offshore gas reserves in the Stabroek Block. Holding this position was the head of...
News

Bp cops first LNG cargo from Coral Sul FLNG offshore Mozambique

OilNOW -
The first shipment of liquefied natural gas (LNG) from Mozambique’s massive offshore Coral Sul FLNG facility has been lifted by bp. Under a long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG, boasting a production capacity of...
News

Construction of Guyana’s 3rd and 4th FPSOs progressing well

OilNOW -
Construction of the 3rd and 4th floating production storage and offloading (FPSO) vessels for ExxonMobil’s operations in Guyana – Prosperity and ONE GUYANA - is progressing well, according to SBM Offshore, the company building the vessels. For ONE GUYANA, SBM Offshore said...
News

Ramps team ‘re-energised’ after stressful battle for Local Content Certificate – CEO

OilNOW -
After months of public appeals to Guyana’s Local Content Secretariat, impassioned testimonials from its Guyanese staff, and a court battle, Ramps Logistics Guyana is now elated by its recent win – a Local Content Certificate. So related its Chief...
News

High oil, gas prices distracted T&T for years from transformative growth – UWI Lecturer

OilNOW -
What will it take for Trinidad and Tobago to fix its economy? It is the question Economist and Senior Lecturer at the University of the West Indies, Dr. Roger Hosein continuously ponders when reflecting on the state of affairs...
News

Guyana government may appeal court ruling on Ramps local content certificate

OilNOW -
The Guyana government said, shortly after issuing a Local Content Certificate to Ramps Logistics Guyana, that it is considering appealing the High Court ruling which compelled it to do so. A statement from the Ministry of Natural Resources said strong...
News

Ramps Logistics now certified as bona fide Guyanese company

OilNOW -
Ramps Logistics Guyana has received its Local Content Certificate and is now displayed on the official register of Guyanese companies, on the website of the Local Content Secretariat. The certificate was issued for a one-year period, as stipulated by the...
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Innovative research to achieve sustainable development in a resource abundant economy: minimising the resource curse

OilNOW -
Dr. H Arlington D Chesney – OilNOW Properly conducted and managed innovative and proactive research, in Guyana’s recently attained resource abundant economy status, could result in the sustainable development of a plethora of commodities within its productive sectors, consequently, contributing...
News

US encouraging Guyana to join financial intelligence group, as support for O&G continues

OilNOW -
When it comes to the management of the oil and gas sector and capacity building for economic growth, the United States is actively supporting Guyana on multiple fronts. This was highlighted by US Ambassador to Guyana, Sarah-Ann Lynch, during a...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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