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Piping gas to shore brings major benefits, find the right investment balance urges analyst

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The Guyana government is forging ahead with its plan to land a gas pipeline onshore to produce cheaper, cleaner energy and create new economic opportunities for the country of just over 750,000 people. While some have criticized this move,...
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Demand for Guyana’s low-sulphur crude will grow in 2021, expert says

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As the world continues to move towards renewable sources of energy, demand for crude with low-sulphur content will continue to increase, placing producers like Guyana in an advantaged position. That coupled with the low breakeven price to produce oil...
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Giant oil finds in Guyana and Suriname point to major frontier – Brazil Petroleum Studies

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The recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area, Brazil Petroleum Studies (BPS) said in a report published this...
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President rolls out plan for construction of 1000 homes in Guyana mining Town

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President of new oil producing country Guyana, Dr. Irfaan Ali, on Thursday announced that residents of Region 10, a Town best known for its history with bauxite mining, will soon benefit from the construction of 1000 homes. Mr. Ali was...
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Total, Apache strike oil again offshore Suriname

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Total and Apache Corporation said on Thursday they have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West...
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Yellowtail cash flow amounts to almost US$10B over productive life – IHS Markit

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Due to the significant recoverable resources discovered at the Yellowtail field, IHS Markit estimates that total cash flow will amount to almost US$10B when ExxonMobil and co-venturers Hess and CNOCC move to develop the area. IHS, a global leader in information,...
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Guyana barrels will be welcomed as oil supply squeeze expected by year-end

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Guyana’s first offshore development reached peak output last December with production hitting 120,000 barrels of oil per day. These barrels, albeit modest at this early stage of Guyana’s offshore development, will nevertheless add to the global supply this year....
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Guyana offshore driller getting ready to deploy automated reporting, analytics technology

OilNOW -
Independent Data Services (IDS) has been awarded a six-figure fleet-wide deal with Stena Drilling, operator of the Stena Carron drillship, which has been on contract with ExxonMobil exploring for oil offshore Guyana. Following successful six-month operational trials on the Stena...
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Guyana tax agency introducing upgraded revenue management system

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The Guyana Revenue Authority (GRA) said it will be replacing the current tax administration software - TRIPS II with a new tax software Optimal Revenue Management System (RMS) In February 2021, to improve taxpayer convenience and internal operational efficiencies. In...
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Onshore producers have higher carbon intensity says Rystad Energy in new analysis

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The carbon footprint of exploration and production companies (E&Ps) is having an increasing impact on investment levels, access to capital and – in some regions – the social license to operate. Rystad Energy has conducted a comprehensive company-level analysis...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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