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Gas-to-shore is an absolute must for Guyana, says former BPTT official

OilNOW -
As the debate persists on whether Guyana should pursue a mix of gas with renewables or simply go the route of the latter, a former BP Trinidad and Tobago (BPTT) official is now adding two crucial questions to the...
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Suriname had largest farm-out discovery in 2020, emerging plays carrying premium – Westwood

OilNOW -
The deal flow in the farm-out market was at an all-time low in 2020 although the success rates from wells drilled were at a 5-year high. This is according to Westwood Global Energy Group who said in a new...
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Caribbean voyages at significant time advantage for tanker owners, Platts says in new report

OilNOW -
An extended low freight environment seen in the global VLCC, or Very Large Crude Carrier, market amid the coronavirus pandemic has left historical freight differentials for Americas-loading VLCCs in disarray, S&P Global Platts said in an April 23 report....
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Halliburton revenue increases in first quarter, company forges ahead with Guyana expansion

OilNOW -
Oil field service company Halliburton announced Wednesday net income of $170 million for the first quarter of 2021. This compares to a net loss for the fourth quarter of 2020 of $235 million and adjusted net income for the fourth quarter...
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Schlumberger delivers majority of well construction services for Suriname wildcats

OilNOW -
Houston, Texas based Schlumberger Limited said this week the first quarter of 2021 represented a ‘strong step forward’ with acceleration in North America activity and momentum continuing to build in the international markets. The company has been able to expand...
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14 drillship workers test positive for COVID-19 offshore Guyana

OilNOW -
ExxonMobil Guyana confirmed on Friday that 14 rotational workers supporting its operations offshore the South American country have tested positive for COVID-19. All are asymptomatic or have mild symptoms at this time, the company said. “These individuals have been appropriately...
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Guyana will become magnet for investors when electricity becomes cheap – Bharrat

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat is adamant that the Wales gas-to-shore project will not only benefit those in the country through affordable electricity, but it will also attract wealthy international investors to the nation’s shores. The Natural Resources Minister...
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Guyana’s gas can drive agriculture expansion

OilNOW -
While much of the attention has been on the benefits of low electricity rates with the gas-to-shore project that is poised to come on stream by 2024 in Guyana, former Energy Minister of Trinidad and Tobago, Kevin Ramnarine recently...
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Oil and gas technical training centre could help boost deficient human capacity in Guyana – Associate Professor

OilNOW -
In its pursuit of a robust Local Content Policy, Guyana must be cognizant of its limited human resources while pushing for industry stakeholders to meet high targets. This point was recently made by Dr. Terrence R. Blackman, an Associate...
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“I am satisfied with the tone and content of the meeting” Harmon says following discussions with ExxonMobil

OilNOW -
Guyana’s Opposition Leader, Joseph Harmon, expressed satisfaction after meeting with ExxonMobil's local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) on Thursday, to discuss gas flaring and the issue of faulty equipment aboard the Liza Destiny Floating, Production, Storage...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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