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Partnership is fastest way to help Guyanese build capacity for oil sector – GCCI President

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While it is well known that most partnerships are not always successful, it is still a crucial mechanism to help Guyanese build capacity in a very short time so that they can participate in the oil sector. This is...
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Venezuela completes offloading of crude from vessel that was tilting near T&T

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Venezuela has completed offloading more than 1 million barrels of crude from the floating storage and offloading facility (FSO) Nabarima which has been immobilized and anchored in the Gulf of Paria in the northeastern part of the country’s waters...
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Exxon may shut down its oil refinery in Norway

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(Reuters) - Exxon is considering whether to close down its Slagen oil refinery in Norway, which has a capacity to process 120,000 barrels of crude per day, turning the site into an import terminal, the U.S. energy major said...
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Stabroek Block co-venturer Hess sells some of its assets in the Bakken

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Hess announced today that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1,...
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‘Energy Guyana’ rolls out 2nd edition with focus on gas-to-power, increased local participation in industry

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The 2nd edition of the new publication – Energy Guyana – was released this week with special focus on the country’s plans to pipe gas to shore from the Liza field, government’s push towards renewable energy and the increasing...
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Tankers brace for challenging quarter, Guyana long voyages bring hope – Platts

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Over the next three months clean and dirty tankers across the globe will face challenges due to lower oil trade flow, weak refining margins and lingering supply cuts, and will be looking for longer voyages from places such as...
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Mexico and Brazil populist presidents confounding investors

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(Reuters) - When a left wing populist and a far-right lawmaker rose to power in Latin America’s two largest economies, investors thought they knew who was going to show them the money. But more than two years and a costly...
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Flash gas compressor reinstalled on Liza Destiny FPSO, system being tested

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The repaired and upgraded flash gas compressor has been safely reinstalled on the Liza Destiny FPSO and a three-phase testing programme is now underway to monitor the performance of the system. “Following the safe reinstatement of the repaired and upgraded...
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Petrobras takes over BP’s stakes in basin where geologist say Guyana oil-rich play extends

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The highly prospective Foz do Amazonas region in Brazil, which is part of South America’s Equatorial Margin, is considered to hold similar geology and prospects to Guyana and West Africa. But due to ongoing environmental challenges with permits in...
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Venezuela managed to send more crude to China in March despite overall dip in shipments

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(Reuters) - U.S.-sanctioned Venezuela managed to ship more crude in March directly to China, its main export destination, even as overall shipments dipped modestly last month, according to internal documents and Refinitiv Eikon data. The South American country's state-run oil company, PDVSA,...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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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