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Hess well positioned to meet oil, gas demand for next 10-20 years – CEO

OilNOW -
Hess Corporation expects the global oil and gas industry to be around for as long as two decades. So said its Chief Executive Officer (CEO), John Hess during JP Morgan’s virtual Energy and Renewables Conference last week. This is based...
News

Gas-to-Energy project to last at least 25 years, Exxon says in project summary

OilNOW -
ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) recently submitted to the Environmental Protection Agency (EPA), the project summary for the gas-to-energy project which government has said could cost around US$900 million in total. The document notes that the...
News

Exxon seeking EPA approval for establishment of gas-to-energy facilities

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has directed ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) to conduct an Environmental Impact Assessment (EIA) in order to get authorization for the imminent gas-to-energy project. The public now has 28 days...
News

University of Guyana to establish Caribbean’s first world-class subsea training centre

OilNOW -
The University of Guyana, on Thursday, 17 June 2021, signed a Memorandum of Understanding (MOU) with the Caribbean Oceanography Aquaculture and Subsea Technology (COAST) Foundation to collaborate on the establishment of a Subsea Centre of Excellence training facility. This...
News

Dutch ship builder completes US$1.05 billion financing for Prosperity FPSO

OilNOW -
SBM Offshore, a leading Dutch company specialising in the construction of floating production and mooring vessels or systems, on Friday announced that it has completed the project financing for the Prosperity floating production, storage and offloading (FPSO) vessel which...
Exploration

TotalEnergies upbeat about expanding its position in emerging world class basin

OilNOW -
TotalEnergies and its partner Qatar Petroleum have been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies shall operate these blocks, situated in shallow water with depths between 30 meters and 50 meters, and...
News

16 development wells to be ready for Liza 2 start-up, open water works underway for Payara – Exxon

OilNOW -
Guyana offshore is set to get even busier in the coming months as preparations for Liza Phase 2 continue and preliminary activities for a third project at the Payara field get underway. This is in addition to an aggressive...
Exploration

Oil price climbing to a point where Guyana can rake in record revenues

OilNOW -
An oil supply shortfall is coming and with OPEC+ expected to provide just a fraction of the demand, barrels from producers outside of the alliance, such as Guyana, would be needed even more. Already, dated Brent has soared past...
Opinions

Geopolitics of oil and water in Guyana: Part 2 – Ivelaw Griffith

OilNOW -
By Ivelaw Lloyd Griffith – OilNOW The first article discussed Guyana’s geography and environmental conditions against the backdrop of South America’s lone English-speaking petro state. I turn attention now to the nature and impact of the flooding and offer a...
News

Matpal Marine Institute gets ISO certification

OilNOW -
MatPal Marine Institute has joined the growing list of ISO 9001:2015 Certified companies in Guyana, through the support of Global Compliance Service (GCS), the only Accredited ISO Certification Body with a resident office in the new oil producing South...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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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