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U.S. could be easing Venezuela sanctions as Treasury greenlights LPG exports

OilNOW -
The U.S. Department of Treasury granted a sanctions waiver on July 12 allowing U.S. companies to export or re-export LPG supplies to Venezuela, the first move by the Biden administration to ease sanctions on the economically hard-hit country, S&P...
News

Guyana, T&T and Suriname can be region’s energy fulcrum, says Head of CARICOM Energy Unit

OilNOW -
Cognizant of the massive hydrocarbon resources in Guyana, Suriname and Trinidad & Tobago, Programme Manager at the Caribbean Community’s (CARICOM) Energy Unit, Dr. Devon Gardner, believes that these three sister countries can be the fulcrum upon which the Caribbean...
News

Major Guyana offshore support base targeting 2022 start-up, could service up to 12 wells per year

OilNOW -
Work is on schedule for the operationalization of a major offshore oil and gas support shore base in Guyana by mid-2022 and for the operationalization of a containerized cargo, agricultural cargo and specialized cargo terminal by the end of...
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Using oil to diversify Guyanese foreign policy – starting with India

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By Wazim Mowla – OilNOW Amid increasing US rhetoric about competing with China in Latin America and the Caribbean, Guyana should use its newfound oil reserves to diversify its foreign relations. This process should start with India, who over the...
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Suriname oil wells show excellent properties similar to Guyana, says GlobalData

OilNOW -
Recent exploratory success offshore Suriname, where four discoveries have been made in Block 58 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The data and analytics company noted...
News

CGX Energy says it will spud Kawa-1 in August, well could cost up to US$85 million

OilNOW -
Two weeks after Guyana’s Maritime Administration (MARAD) published a notice stating that drilling operations is set to get underway at the Kawa-1 prospect in the Corentyne Block on July 2, Canadian oil explorer CGX Energy Inc. said on Monday...
News

Indian Oil Company offered best deal for Liza crude – Bharrat

OilNOW -
Guyana’s most recent sale of 1 million barrels of Liza crude to Indian Oil Corporation Ltd. (IOC) is the country’s “sweetest deal to date” since it is poised to bring in as much as US$76M says Natural Resources Minister,...
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Guyana in search of investors for landmark gas to energy project

OilNOW -
The Guyana government is inviting Expressions of Interest (EOI) for joint participation with the administration and ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) in designing or utilizing the outputs from its Natural Gas Liquids (NGL) and Liquified...
News

Cretaceous plays continue to dominate global hydrocarbon output

OilNOW -
Global oil and gas companies are increasingly narrowing their exploration and production activities to fewer regions and plays to make sure they are invested in the most profitable barrels when oil demand starts to decline later this decade, Rystad...
News

Oil prices slip as new poll shows COVID-19 cases rising in 69 countries

OilNOW -
(Reuters) - Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled. Brent crude for September fell 73 cents, or 1%,...
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More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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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