Featured

Featured posts

News

Drill campaign planned at Makarapan-1 exploration well offshore Guyana

OilNOW -
After successfully completing negotiations with the government regarding the rescheduling of its work commitments, CGX Energy Inc and its joint-venture partner Frontera Energy Corporation have announced that they are advancing preparatory work to drill the Makarapan-1 exploration well on...
News

Need for realistic local content targets form key part of discussions as Guyana prepares framework

OilNOW -
Section seven of Guyana’s draft revised Local Content Policy Document that is currently under consultation falls under the title, ‘Minimum Local Content in Goods and Services’ and sets out mandatory local content targets for companies in the oil and...
Opinions

An approach to healing Guyana’s socio-political and economic ills [Part 1 of 2]

OilNOW -
By Wilberne Persaud - OilNOW Consider 1: “It should be borne in mind that there is nothing more difficult to arrange, more doubtful of success, and more dangerous to carry through than initiating changes in a state’s constitution. The innovator...
News

Study points to 32 prospects offshore Guyana with huge potential

OilNOW -
The results of an independent prospective resource study completed last year has provided enough evidence to support views that the Corentyne and Demerara blocks are highly prospective. Making this disclosure was Frontera Energy Corporation in its latest operational update...
News

Stena rig gunning for oil offshore Suriname to adopt Managed Pressure Drilling system

OilNOW -
Since the advent of Ultra Deepwater Drilling units, with water depths in excess of 7,500ft, the risks and hazards of operating in such environments have provided new challenges to operate safely and efficiently. With advances in technology, the exploration...
News

Stabroek block subsea systems provider creates twin companies

OilNOW -
TechnipFMC announced on Monday the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of...
News

Energy transition to drive refinery, petrochemicals integration – WoodMac

OilNOW -
2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood...
News

Mechanical rework of Liza Destiny gas compressor underway

OilNOW -
ExxonMobil Guyana said on Tuesday technical experts in Germany continue to assess operating data and inspection findings in order to define the required scope of repairs to the compressor and silencer. This process also includes consideration of technical recommendations...
News

Operators must tell local businesses about upcoming opportunities, President says

OilNOW -
The Guyana Government is seeking to make it a policy that oil and gas operators have to provide advance notice to local businesses in relation to upcoming opportunities to provide goods and services to the industry. While the over 2700...
News

Capacity on the ground, banking system challenges among points raised at opening of local content consultations

OilNOW -
During the first leg of consultations held on Monday on Guyana’s draft Local Content Policy, the discourse, which was facilitated by President, Dr. Irfaan Ali, at the Arthur Chung Conference Centre on the outskirts of Georgetown, saw commentary from...
1...640641642...1,025Page 641 of 1,025

Latest News

NewsOilNOW -

Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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.

Quick Access

Company Info

Social Networks