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COVID-19 forces Saipem to postpone opening of construction facility in Guyana

OilNOW -
Saipem has postponed the opening of its state-of-the-art offshore construction facility in Guyana this month after essential staff were exposed to COVID-19. The event was scheduled to take place at the company’s Water St. Georgetown location on May 22. The Italian...
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Guyanese businesses to get more capacity building support under Exxon’s US$100M initiative

OilNOW -
The Centre for Local Business Development will this year be focusing on the improvement of the technical capacity of local businesses, and their plans are being supported by ExxonMobil’s Greater Guyana Initiative—a US$100 million commitment to capacity building by...
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Breakdowns at Caribbean oil refinery pushes U.S. to halt operations

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(Reuters) - U.S. regulators on Friday ordered the Limetree Bay refinery on St. Croix, U.S. Virgin Islands, to cease operations for at least 60 days, throwing the multibillion-dollar overhaul of the massive plant into jeopardy. The Caribbean refinery has suffered...
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ExxonMobil on track to reinstall, safely restart gas compression equipment by June

OilNOW -
ExxonMobil Guyana is on track to have its redesigned gas compression equipment reinstalled and in operation by June. The company revealed in an update on Friday that repairs and upgrades to the third stage discharge silencer, a component of...
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Liza could be last major frontier oil play discovered in the world – Westwood

OilNOW -
The Guyana-Suriname basin is viewed by analysts in the oil and gas industry as potentially the last major frontier for billion-barrel plus deepwater discoveries. The world-class Liza discovery in 2015 was the biggest offshore oil strike made in a...
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Exxon in compliance with Liza 1 permit, supporting long-term flare management goals – Persaud

OilNOW -
With one FPSO in operation and a total of ten being targeted to develop the more than 9 billion barrels of oil equivalent resources found in Guyana, a long-term framework that includes flare management will be key to the...
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EPA modifies Environmental Permit for Exxon’s Liza Phase 1 Development

OilNOW -
The Environmental Permit for ExxonMobil Guyana’s Liza Phase 1 project has been recalled and modified to include more stringent regulatory requirements are in place to address flaring in accordance with the Environmental Protection Agency (EPA)’s legislation. A notice from the...
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Oil summit focusing on South America’s new frontier set for June

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The 3rd Annual Guyana International Petroleum Business Summit and Exhibition (GIPEX), will be returning this year, from June 28-30 via a virtual platform hosted jointly by Valiant Business Media (VBM) and the Ministry of Natural Resources (MNR) with support...
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Guyanese investor building multi-million-dollar oil & gas storage facility close to major shore base

OilNOW -
A Guyanese businessman is looking to transform a section of an abandoned cane field into a multi-million-dollar infrastructure targeting the needs of the oil and gas industry. W1 Houston Inc. is working towards the establishment of a storage facility...
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Guyana world class deep water projects contributing to SBM Offshore growth

OilNOW -
The four Floating Production Storage and Offloading (FPSO) vessels currently being built by SBM Offshore are positively contributing to the company’s growth phase. Two of the FPSOs are being constructed for operations offshore Guyana at the ExxonMobil-operated Stabroek Block. On...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

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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