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From Tina to Liza – the floater that made Guyana an oil producer

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The vessel that produced Guyana’s first barrel of oil on December 20, 2019, marking the start of a journey for the South American country that will see it becoming a major producer this decade, was converted from a ship...
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Fire erupts at Pemex platform in Gulf of Mexico, injuring five

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(Reuters) - A fire broke out on Sunday at an offshore platform in the southern Gulf of Mexico run by Petroleos Mexicanos (Pemex), injuring at least five people, the Mexican state oil and gas firm said. The blaze, which occurred...
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ExxonMobil extends selection of second drill target on Kaieteur block by 7 months

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Westmount Energy Limited said on Monday it noted the announcement by Ratio Petroleum Energy Limited over the weekend that the date for elective nomination of the second drill target on the Kaieteur block has been extended by seven months,...
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CGX Energy spuds Kawa-1 offshore Guyana

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Updated August 23, 2021 – 08:00 hrs The sixth-generation semi-submersible drilling rig Maersk Discoverer is currently in Guyana waters for a drill campaign at the Kawa-1 well site on the Corentyne block. The well site is situated approximately 90 nautical...
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Crude oil futures climb after several days of losses

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(S&P Global Platts) Crude oil futures were higher in mid-morning trade in Asia August 23 amid bargain hunting by investors after the rout in oil prices last week, with analysts noting the demand outlook remained optimistic as the West...
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First 6 FPSOs can develop up to half of all oil found so far at Stabroek Block – ExxonMobil

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Updated August 22, 2021 Around 50 percent of the 9 billion barrels of oil equivalent discovered so far at the prolific Stabroek Block offshore Guyana can be developed by 6 Floating Production Storage and Offloading (FPSO) vessels and an additional...
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Huge success for Guyana this year at largest oil conference in the world

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Guyana was well represented at this year’s Offshore Technology Conference (OTC) by a delegation comprising companies, government agencies and business groups that left their mark at the Houston, Texas event where interest in the new oil producing country was...
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South America’s new deepwater players serious about partnership and prosperity

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Following a four-day official visit to Guyana, President of Suriname, Chandrikapersad Santokhi is taking home news of new partnerships with Guyana after extensive meetings with President, Dr. Mohamed Irfaan Ali and the Guyanese government. The two countries have decided to...
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Sinochem submits lowest bid as 15 companies compete to market Liza Crude

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(S&P Global Platts) Guyana is expected to pick its new crude oil marketer from a list of 15 companies that submitted bids to the procurement authority of the South American nation, an official said on August 20. The Permanent Secretary...
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Canada’s most prolific gas producer, other O&G companies planning to grow production

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(S&P Global Platts) Multiple Canadian companies, including the country's most prolific natural gas producer, plan on growing volumes and capital spending in the quarters ahead, in a stark contrast from major US oil and gas operators prioritizing fiscal discipline...
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Guyana to fast-track second gas power plant as energy demand rises

Guyana’s government plans to accelerate construction of a second gas-fired power plant, President Irfaan Ali said this week, as...

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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