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Brazil, Guyana Presidents say time for new phase of feasibility studies on regional energy corridor

Kemol King -
The Presidents of two star oil producers in South America - Brazil and Guyana - met in Georgetown on Friday to discuss how they may strengthen relations. Energy, being a going concern for both countries, was high on the...
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Brazil to increase oil production by 300,000 barrels per day, this year – AMI

OilNOW -
The Federative Republic of Brazil is preparing to increase its oil production by 300,000 barrels per day (bpd), a nearly 10% hike from its current approximate output of 3 million bpd, according to Americas Market Intelligence (AMI). Energy Co-Director at...
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JP Morgan cuts global oil demand outlook for 2022 by 1 million bpd – Reuters

OilNOW -
(Reuters) - JP Morgan on Wednesday lowered its outlook for global oil demand for 2022 by one million barrels per day (bpd) citing higher oil prices, a deteriorating growth outlook and escalating geopolitical tensions. "We now see total oil demand...
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Guyana to get US$20M barium manufacturing facility, as MoU signed at OTC

OilNOW -
A Memorandum of Understanding (MoU) signed between Texan company, Excalibar Minerals LLC and Guyana’s Ithaca Energy Partners Inc. (IEP) will soon see the establishment of a barium manufacturing facility in the South American country to service the oil and gas sector. The MoU was signed...
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Exxon’s fibre optic cable, gas pipeline to follow similar route

OilNOW -
The upcoming Gas-to-Energy pipeline, which ExxonMobil Guyana will construct starting this year, will have a series of security measures including a fibre optic cable. In a project summary submitted to Guyana’s Environmental Protection Agency (EPA), ExxonMobil said the fibre optic cable...
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US Chamber, Guyana private sector teaming up for investment promotion

OilNOW -
While participating at the Offshore Technology Conference (OTC) in Houston on Wednesday, May 4, Guyana’s Private Sector Commission (PSC) and the United States Bilateral Chamber of Commerce agreed by way of a Memorandum of Understanding (MoU) to advance trade...
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Keppel awarded FPSO integration contracts worth around $250 million

OilNOW -
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around $250 million (Singapore dollars) from repeat customers for the integration of two Floating Production Storage and Offloading...
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Construction of US$50M Marriott AC Hotel to begin in June as oil boom pushes demand for accommodation

OilNOW -
Trinuyana Investments Inc., which represents a consortium of Guyanese and Trinidadian investors, has signed a contract with China Habour Engineering Company (CHEC) Ltd. for the construction of a US$50M Marriott AC Hotel. The construction is slated to begin on...
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Guyana considers second gas pipeline to monetise growing reserves

OilNOW -
The possibility exists for Guyana to add a second gas pipeline as ExxonMobil and its partners make more and more discoveries offshore the South American country. Guyana’s Minister of Natural Resources, Vickram Bharrat said the government is considering heading this...
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Exxon’s 5th development to create over 1,500 jobs in Guyana

OilNOW -
The Uaru Development Project, for which ExxonMobil is currently seeking environmental authorisation from the Environmental Protection Agency (EPA) in Guyana, could create up to 1,540 jobs, preliminary estimates indicate. The workforce levels are disaggregated across the life cycle of the project. According to...
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SBM Offshore fleet grows to 17 FPSOs, reaching 2.7 million barrels per day capacity

SBM Offshore has expanded its fleet to 17 floating production, storage and offloading (FPSO) units, achieving a total production...

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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