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Drilling company operating offshore Guyana completes major acquisition

OilNOW -
Noble Corporation announced Friday the completion of its acquisition of Pacific Drilling Company LLC, effective on April 15, 2021. Noble said Pacific Drilling's high specification ultra-deepwater drillship fleet further enhances its global position as an owner and operator of one...
Exploration

Time to act is now for Latin America oil producers, newcomer Guyana in position to soar

OilNOW -
Countries around the world including those in the Latin America and Caribbean region are taking measures to ramp up oil and gas production knowing that the window is closing for development of these resources at prices that would make...
News

Thousands of individuals, local companies gaining from capacity building, training for oil and gas opportunities

OilNOW -
More local companies are registering on the Centre for Local Business Development’s Supplier Registration Portal and benefitting from training and capacity building being provided by the Centre. “To date, over 2900 Guyanese companies have registered on the Centre’s Supplier Registration...
News

Guyana using its foreign policy to strengthen relationship with old allies, build new partnerships with oil producing nations

OilNOW -
By Wazim Mowla - OilNOW While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a tool to compete with others, Guyana’s has centered on promoting its economic development at home....
News

Overwhelming offshore demand sees Guyana Shore Base looking to extend southwards

OilNOW -
Just in the first quarter of this year, two additional drill ships – Noble Sam Croft and Stena DrillMAX - have been added to the ExxonMobil fleet, bringing the total to six operating offshore Guyana. These vessels along with...
News

Government ‘highly disappointed’ over gas compressor issue, examining implications of revenue loss

OilNOW -
The Guyana government said on Wednesday it was ‘highly disappointed’ with ExxonMobil’s inability to resolve ongoing issues with the flash gas compressor system on the Liza Destiny FPSO which on three occasions since oil production began in December 2019,...
Exploration

Major expansion works at Guyana Shore Base set to pull more projects from T&T

OilNOW -
Just under six years since its first oil discovery and around 16 months since production began, shore base capabilities in Guyana to service the offshore operations are rapidly growing resulting in an increasing number of projects being moved from...
News

Small window of opportunity remains for development of gas resources, Shell and Equinor tell Tanzania

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(S&P Global Platts) Shell and Norway's Equinor have urged the government of Tanzania to take immediate action to conclude talks on the country's planned LNG export facility, warning that the time to develop new gas resources was "limited." In an...
News

Guyana lifts its 6th million-barrel oil cargo, next shipment could be affected by drop in production

OilNOW -
The Guyana government exported another million-barrel oil cargo this week from the Liza Destiny FPSO even as production was reduced from 120,000 barrels of oil per day (bpd) to around 30,000 bpd due to additional issues encountered with the...
News

Venezuela would have to think many times before blocking use of Stabroek block resources – Advisor

OilNOW -
The emergence of the oil industry has unequivocally refashioned Guyana's geopolitical importance. But every rise to stardom in the petroleum world will bring its fair share of challenges. In Guyana's case, the issue of great concern remains Venezuela. The...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to 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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