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Ancient river systems that formed 1000m deep canyon now delivering oil offshore Guyana

OilNOW -
Updated August 28, 2021 The Berbice River in Guyana, during the early period of the planet’s formation  helped “drain” the northern part of South America to form a 1,000 metre deep canyon believed to be the basis of the stratigraphic traps...
News

Transport of sanctioned oil cargoes weakening tanker market – earnings hit lowest point in years

OilNOW -
(Bloomberg) -- The world’s fleet of giant supertankers is the oldest it has been since 2002, the latest sign of an illicit trade that owners say is damaging business. Publicly traded shipowners have said for months that the transport of...
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Guyana could transform into new type of oil producer, attract big carbon capture investments – AMI analyst

OilNOW -
The Guyanese government recognizes the appeal of its newfound treasure off the country’s coast and has assured that future oil contracts will generate more profits for the government, writes Arthur Deakin, Co-Director at Americas Market Intelligence (AMI) Energy Practice,...
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After encountering 45 dry holes over a period of 50 years, along came Liza

OilNOW -
Updated August 27, 2021 Before 2015, offshore Guyana was considered a “high-risk frontier basin” with 45 wells drilled over a span of 50 years resulting in no commercial discovery. Bordered by oil producing giants such as Venezuela and Brazil, the evidence...
News

Liza Crude perfect for making jet fuel, high demand products – O&G expert

OilNOW -
Updated August 27, 2021 The oil being produced at the Liza field offshore the South American country of Guyana is being described as ‘clean good quality oil’ by an expert in the field who said this, together with some other...
News

Canje Block: writing the next chapter of Guyana’s exploration success

OilNOW -
The Canje Block lies 180km offshore Guyana in deep to ultra-deep water. Canje’s environment of deposition is unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain. The majority of the discoveries offshore...
News

Noble selling 4 jack-up rigs in Saudi Arabia

OilNOW -
Noble Corporation announced Thursday that subsidiaries of the Company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd., through its subsidiary, (ADES) for $292 million.  ADES Group is a leading oil & gas drilling...
News

Exxon gearing up to spud third well at Canje block

OilNOW -
ExxonMobil is preparing to conduct exploration drilling activities later this month at the Sapote-1 prospect on the Canje block offshore Guyana. The well site is situated approximately 126 nautical miles (233.4 kilometres) from the coast and covers an area...
News

Siem Dorado continuing fibre optic cable installation activities offshore Guyana

OilNOW -
Multi-purpose service vessel Siem Dorado is continuing its operations offshore Guyana on a 55-day firm contract with ExxonMobil for fibre optic cable installation, support and hook-up services. The U.S. oil major is implementing a secure, high-speed fibre-optic/wireless transport service to efficiently manage...
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Guyana’s role in the emerging green energy transition

OilNOW -
By Arthur Deakin – OilNOW In a recent offshore oil & gas conference in Houston, Guyana's foreign minister said that the country’s economy is expected to grow 500% by 2030. Guyana’s current US$6.8 billion real GDP would ignite to nearly...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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