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Guyana exploring alternate uses for excess gas when landmark project comes on stream

OilNOW -
Authorities in Guyana have begun looking at alternate uses for the excess gas from the US$900 million gas-to-energy project set to come on stream by 2024. While energy generation from the landmark project is the government’s primary focus, Natural Resources...
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Tanager-1 estimated to contain over 65 million barrels of oil

OilNOW -
Tanager-1, one of the deepest wells ever to be drilled offshore Guyana, is estimated to contain around 65.3 million barrels (MMBBL) of oil as part of a ‘best estimate’ provided in a report compiled by consultants Netherland, Sewell &...
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Oil posts biggest weekly gains in over a year

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(Reuters) - Oil prices rose 2% on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead of a major hurricane expected to hit early next...
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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...
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Transport of sanctioned oil cargoes weakening tanker market – earnings hit lowest point in years

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(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

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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...
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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...
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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...
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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...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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