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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...
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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...
News

Chevron returns essential crews to all six of its US Gulf of Mexico platforms

OilNOW -
(S&P Global Platts) Chevron has redeployed essential crews to its six operated US Gulf of Mexico platforms that were evacuated last week when Hurricane Ida raced toward the Louisiana coast, the company said late Sept. 3. The facilities "did not...
News

Saudi Aramco to market Guyana’s 4th oil lift scheduled for this month   

OilNOW -
Following a procurement process for the provision of marketing services for Guyana's oil entitlement from the Liza Destiny FPSO, the Government of Guyana recently evaluated and approved the nomination of Aramco Trading Limited (ATL) to market Guyana’s 4th lift...
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EPA collected around GY$400M in payments for flaring from ExxonMobil – Parsram

OilNOW -
Guyana's Environmental Protection Agency (EPA) has collected approximately GY$400M in payments from ExxonMobil for flaring to date. Head of the agency, Kemraj Parsram, made the disclosure on Thursday during a local radio programme - Guyana’s Oil and You. This follows...
Opinions

Preparing Guyanese youth for 21st century economic development

OilNOW -
By Wilberne Persaud – OilNOW In my April 2020 commentary: “GUYANA | Workable, Transparent Gov't Policy Needed for Oil and Gas Investment” an important bullet point read: “Guyana has but one limited, time-bound chance, to make oil and gas its...
News

Real time technology will soon be used to monitor flaring, produced water – EPA Head

OilNOW -
The Environmental Protection Agency (EPA) will soon implement a real-time technology system that will allow it to monitor flaring levels and the amount of produced water being dumped into the ocean by oil companies operating offshore Guyana says Executive...
News

Maduro in major bid to attract more oil investments as top China producer pushes to revive output

OilNOW -
(Bloomberg) China’s top oil producer is laying the groundwork to revive output in Venezuela as President Nicolas Maduro finalizes legislation to attract more international investment. Once a major investor in the OPEC nation, China National Petroleum Corp. is sending engineers and commercial...
News

Saipem 10000 makes major discovery for Eni offshore Ivory Coast

OilNOW -
Eni has announced a major oil discovery in block CI-101 offshore Ivory Coast. The block is operated by Eni with Petroci Holding, who hold 90% and 10% respectively in the exploration phase. The discovery well has been drilled on the...
News

Uncompetitive fiscal regimes, poor reservoir quality behind stalled development of over 11 billion barrels of oil

OilNOW -
Updated September 2, 2021 A study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries - >100 million boe in size - made between 2008...
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ExxonMobil’s Longtail project to operate for 30 years, producing premium condensate and gas

ExxonMobil’s next development offshore Guyana, the Longtail project, is being designed to operate for three decades, making it the...

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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