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Basins with high-quality, low-cost discoveries will reign supreme

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Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...
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University of Guyana set to roll out new courses for oil industry from June

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In an effort to help fill national performance gaps, the University of Guyana’s Institute for Energy Diplomacy (IED) recently announced that it will be offering a suite of Executive Level Professional Courses on Energy Markets, Oil and Gas Value...
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Drilling deeper Guyana wells at Stabroek Block a key objective for Hess this year

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A key drilling objective for Hess corporation in 2021 in Guyana's offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company's top executives said on April 28. Uaru-2, the most recent...
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Officials in South America’s newest multi-billion-barrel oil & gas basin advancing discussions

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A delegation from Guyana is currently in neighbouring Suriname to further discuss advancing areas of cooperation through the Strategic Dialogue and Cooperation Platform (SCDP). Guyana’s Ministry of Foreign Affairs said on Sunday the working visit serves to further streamline...
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Halliburton collaborates with University of Guyana to launch Drilling Fluids Lab

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Several hundred students in the University of Guyana’s (UG) Petroleum Chemical, Mechanical and Mining Engineering programmes will benefit from an enhanced practical experience with the commissioning of a MUD lab. The University of Guyana, in collaboration with Halliburton -...
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Opening ceremony for Saipem construction facility in Guyana now set for June

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Italian oilfield services company Saipem has confirmed that it will be moving forward with the opening ceremony of its Offshore Construction Facility in the new oil producing country of Guyana next month. The opening, originally scheduled for May, was...
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Guyana government taps diaspora to boost new oil-driven economy

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Guyana President, Dr. Irfaan Ali led his government in hosting the inaugural virtual diaspora conference on Saturday, during which he called on diaspora communities to assist the government in the crafting of its multi-sectoral development plan. Engagement with Guyanese communities...
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For 36 days of flaring, Exxon will pay Guyana around US$1.3M – VP Jagdeo

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Guyana’s Vice President Dr. Bharrat Jagdeo says ExxonMobil will pay the Government around US$1.3M for 36 days of flaring at the Liza Phase 1 Development operations, in keeping with new measures implemented by the Environmental Protection Agency (EPA). During a...
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Guyana Vice President says government will not participate in GIPEX

OilNOW -
The Government of Guyana will not participate in the third annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) due to the involvement of Valiant Business Media, the organiser. “Once this Valiant is organizing it, we will not participate,”...
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Carbon pricing benchmark utilized to determine Exxon’s flaring payment — EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) recently revealed that it had utilized a carbon pricing benchmark to determine the US$30 per tonne of carbon dioxide equivalent (CO2e) payment which ExxonMobil will make for flaring offshore at its Liza Phase 1...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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