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80% of remaining deepwater oil resources in the world will come from just five countries – WoodMac

OilNOW -
Traditionally, analysts often assess oil resources based on generalities or broad assumptions. However, consultancy group Wood Mackenzie says when trying to understand where to get more oil, precision is key. The upstream industry remains active and must fill the 450...
News

Billions being spent with Guyanese suppliers even as stakeholders continue push for local content legislation

OilNOW -
As authorities in Guyana forge ahead with the finalization of a local content development framework, the largest oil and gas company operating in the country says it remains committed to building local capacity since it sees this as the...
News

Saudi Arabia slashes crude prices to Asia

OilNOW -
(Reuters) - Saudi Arabia, the world's top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States steady. The deep price cuts come as lockdowns...
News

Halliburton introducing cutting edge technology to boost understanding of complex reservoirs

OilNOW -
Halliburton Landmark has released the latest version of Geosciences Suite, a DecisionSpace ® 365 cloud solution powered by iEnergy ®, an E&P hybrid cloud. The software combines innovative technology with a tightly integrated, end-to-end suite of workflows to create...
News

TechnipFMC says Brazil contracts ‘significant’

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TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação...
News

Exxon in search of Quayside and Laydown Area on West Bank of Demerara River

OilNOW -
ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has put out a Request for Information (RFI) seeking detailed operational and technical information from suppliers for meeting its bid selection requirements for a Quayside and Laydown Area on the...
Opinions

Local content regulations: back to the future?

OilNOW -
By Jerry Haar – OilNOW Trade and investment liberalization has been one of the hallmarks of the global economy for the last sixty years. Both industrialized nations and emerging markets have come to realize that the positive features of neoliberal...
Opinions

Investing in becoming a cut above the rest – Pt. 1

OilNOW -
By A. Bacchus – OilNOW So, you have your business, and it is registered on the Supplier Registration Portal to be considered for contract opportunities in the oil and gas industry. What’s next? What is it about your company that...
News

Gas pipeline will deliver over 50% reduction in emissions, analyst says time to act is now

OilNOW -
Given the quantity of the gas Guyana has found in the Stabroek Block as well as how easily it can be piped to shore without having to pay a premium on the resource, it certainly makes sense for the...
News

Global cooperation essential to address gas flaring, according to GlobalData

OilNOW -
The growing public awareness about global warming and climate change have catapulted world leaders to address the gas flaring issue. Global platforms such as the UN are encouraging countries to set themselves targets to reduce and subsequently eliminate gas...
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Stories Beyond the BarrelShikema Dey -

Zero experience, full determination: Dakarai Griffith’s journey

The world of machinery, hydraulics, and offshore operations wasn’t part of Dakarai Griffith’s plan. His early days were spent...

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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