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Oil holds steady after OPEC+ failed to reach consensus on production at July 1 meeting

OilNOW -
(S&P Global Platts) Crude oil futures were steady during mid-morning trade in Asia July 2 as the market awaited clarity on OPEC+'s production plans for August onwards, after the producer group failed to reach consensus at a fractious July...
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Guyana welcomes US congressmen’s calls for inclusive economic growth

OilNOW -
Guyana’s Minister of Parliamentary Affairs and Governance, Gail Teixeira recently asserted that the government is committed to ensuring all citizens benefit from the proceeds of oil. She made the comment in a video address following statements made by two...
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Guyana set to receive biggest pay yet for export of Liza Crude this week

OilNOW -
Guyana is lifting another tanker load of oil this week, representing the country’s share of production from the Liza Phase 1 Development. This comes at a time when Brent is trading around $75 a barrel, the highest it has...
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EPA grants Exxon another allowance to flare above pilot levels

OilNOW -
The Environmental Protection Agency (EPA) has granted ExxonMobil Guyana another allowance to flare above pilot levels at its Liza Phase 1 operations. Sharing these details is ExxonMobil Guyana’s Public and Government Affairs Advisor, Janelle Persaud. In an interview with OilNOW...
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Guyana, Trinidad to establish Working Group on energy, investment

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Guyana and its sister Caribbean country, Trinidad & Tobago are set to establish a Working Group on energy, investment, trade and cooperation through mechanisms such as the Framework Agreement on the Deepening of Bilateral Cooperation and the Memorandum of...
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Qatar Petroleum to spend $200 million on emissions reduction technology

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Qatar Petroleum, one of the latest oil and gas companies to take up acreage in the Guyana-Suriname Basin, will spend $200 million on emissions reduction technology for its North Field LNG expansion project off the north-east shore of the...
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Exxon applies to EPA for approval to flare above pilot level as compressor undergoes second phase of testing

OilNOW -
ExxonMobil Guyana said on Wednesday that the upgraded and repaired discharge silencer of the third stage flash gas compressor and a new venturi were safely installed on the Liza Destiny FPSO. The first phase of testing was also successfully...
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Top refiner in India buys first tanker load of Guyanese oil, sources tell Reuters

OilNOW -
(Reuters) - Indian Oil Corp., the country's top refiner, has made its first purchase of Guyana's Liza light sweet crude as it seeks to diversify its crude purchases, a source familiar with matter said. The 1-million-barrel cargo will set sail...
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Guyana, U.S. firm set to deliver world-class environmental services to oil & gas sector

OilNOW -
Guyana-based consultancy firm Environmental Management Consultants Inc. (EMC) and Acorn International, LLC, a US-based international firm focused on environmental and social risk and logistics management for industries and investors worldwide, have established a partnership to offer an integrated package of...
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‘Even as we go green, monetising our hydrocarbon resources must be the priority’ – TT Energy Minister

OilNOW -
Even as Trinidad and Tobago pursues green initiatives such as a solar utility project and the first world scale green hydrogen project, representing its initial introduction into a green economy, the government is intent on ensuring the country’s hydrocarbon...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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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