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Guyana lab now equipped to run multiple tests on crude being produced offshore

Shikema Dey -
Guyana’s Crude Testing Lab run by the Guyana National Bureau of Standards (GNBS) is now able to conduct all necessary tests of Liza Crude and Unity Gold being produced offshore. Crude oil testing helps to ascertain crude characteristics to determine the...
News

Oil prices surge as Putin escalates war in Ukraine

OilNOW -
(Reuters) - Oil jumped more than 2% on Wednesday after Russian President Vladimir Putin announced a partial military mobilisation, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.28, or 2.5%,...
News

Petrobras looking for new floating production vessel for Campos Basin

OilNOW -
Petrobras on Tuesday launched a tender for a new floating oil platform as it moves ahead with the Albacora field, located in the pre-salt Campos Basin. The Brazilian state-owned entity said that the unit will be chartered for 27 years...
News

TotalEnergies makes final investment decision on Argentina gas project

OilNOW -
TotalEnergies announced Monday that it approved the final investment decision (FID) for the Fenix gas development. The Fenix field is located 60 kilometers (km) off the coast of Tierra del Fuego, Southern Argentina. It will be developed through three horizontal wells,...
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What can gas reserves do for agribusiness in Guyana?

OilNOW -
By Cristina Caus and Jerry Haar - OilNOW The Guyanese economy has been known for quite a long time for a traditional economic system, in which most of the population was engaged in agricultural activities. As late as 1991, about...
News

Tender out for new marketer for Guyana’s Liza and Unity Gold crude

OilNOW -
Guyana’s Ministry of Natural Resources has put out a tender for the provision of marketing services for the country’s share of crude from the Liza Phase 1 and 2 projects. Bidders have until 9:00 am on October 11 to make...
News

Stabroek Block co-venturer to experience one of the fastest growth rates of any large oil company

OilNOW -
Hess Corporation, which holds a 30% working interest in the Stabroek Block, is positioned to experience one of the fastest growth rates of any large oil company through 2026. Highlighting this was an analysis published by Seeking Alpha, a...
News

Impact from Typhoon Muifa knocks bp’s new FPSO off mooring lines

OilNOW -
Bp’s new floating oil platform – Torture – was knocked off its mooring lines, drifting some 200 metres away from the COSCO shipyard quayside in Qidong, China as Typhoon Muifa made landfall there. The vessel is being built for bp’s...
News

TotalEnergies acquires stake in onshore block on Arabian Peninsula

OilNOW -
TotalEnergies said it acquired a 22.5% stake in the onshore Block 11 from the Ministry of Energy and Minerals of the Sultanate of Oman. The major and its partners, OQ and Shell, signed an Exploration and Production Sharing Agreement (EPSA),...
News

Wael Sawan to become new Shell CEO as van Beurden steps down

OilNOW -
Ben van Beurden is stepping down from his role as Chief Executive Officer (CEO) at Shell, at the end of the year. Wael Sawan, Shell’s Integrated Gas, Renewables and Energy Solutions Director, has already been tapped to take up the...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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