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

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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...
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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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Company with interest in Canje block says Jabillo well is 1-billion-barrel opportunity

OilNOW -
The Stena Carron initiated drilling operations at the Jabillo-1 well site at the Canje Block on March 14 as part of a three-well campaign planned this year on the acreage that is adjacent to the prolific Stabroek block where...
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Exxon reduces oil production levels in Guyana as additional issues encountered with gas compressor system

OilNOW -
In an update on Tuesday, ExxonMobil Guyana said as the final testing phase of the reinstalled flash gas compressor and other components of the system on the Liza Destiny FPSO was being conducted, an additional problem with the discharge...
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Crude oil futures edge higher as demand outlook improves

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(S&P Global Platts) Crude oil futures were higher in mid-morning trade in Asia April 14, despite a pause in the Johnson & Johnson vaccine rollout and mixed data from the American Petroleum Institute, as the market remained buoyed by...
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T&T state-owned oil and gas firm exposes recruitment racket, police alerted

OilNOW -
Trinidad & Tobago’s state-owned oil and gas firm, Heritage Petroleum Company Limited, said on Tuesday it has been informed that individuals and their organizations are hosting false recruitment orientations and falsely promising employment at the company. Heritage said these individuals...
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Upstart oil producer Guyana turning heads, poised to eat up market share

OilNOW -
Producing oil in Guyana cost less than almost anywhere else in the world and this makes the South American country an extremely attractive investment destination for deepwater explorers. Many factors play a role in the production cost for a...
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Petrobras to bag whopping $6.5 billion for investments in Brazil oil fields

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(S&P Global Platts) Brazilian state-led oil company Petrobras will be reimbursed around $6.5 billion for investments it made to develop the Atapu and Sepia subsalt fields in the transfer-of-rights area in an agreement to clarify terms ahead of a...
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Saipem to proceed with US$350 million work scope for world’s largest liquefied natural gas company

OilNOW -
Italian multinational oilfield services company Saipem said Tuesday it has received confirmation from Qatargas for the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project, the award of which was communicated...
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Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

OilNOW -
The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber of Commerce (CGCC). The Chamber says this is the ideal time for foreign businesses to...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...

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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