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Flaring was the safer alternative, says Colorado School of Mines Professor

OilNOW -
The decision to flare the associated gas from the offshore oil production operations in Guyana was the most practical option available when challenges were encountered with the reinjection system on the Liza Destiny FPSO. The alternative could have been...
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LNG company targets big benefits from Guyana’s gas-to-power plan

OilNOW -
A pioneering Liquefied Natural Gas (LNG) distribution company in Guyana is positioning itself to reap substantial benefits from the planned gas to shore project which authorities in the South American county are looking to have operational over the next...
News

Small companies often farm-out acreage to raise capital

OilNOW -
As interest mounts about the nature of farm-in agreements in South America’s newest oil and gas hotspot – Guyana - OilNOW takes a look this week at what the term means, why it is used and to what extent...
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Canada offering ‘world-class expertise’ to Guyana in major development drive

OilNOW -
As Guyana’s prospects continue to improve with the discovery of over 8 billion barrels of oil equivalent resources and start of oil production last December, investors and foreign interests are increasing–the latest being the Canadian Commercial Corporation (CCC). The CCC,...
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Schlumberger posts third straight quarterly loss as oil rout hits services demand

OilNOW -
Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year’s slump in oil demand and prices due to the COVID-19 pandemic cut demand for its services. The company kicked off earnings from hard-hit...
News

New exploration wells, multiple appraisal drilling for Guyana offshore – Rystad Energy

OilNOW -
Even as the world buckles from the impact of the global pandemic, oil exploration and production operations continue at full speed in the South American country of Guyana where in recent weeks there has also been an uptick in...
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Telecoms liberalisation will further boost Guyana’s oil-induced skyrocketing GDP

OilNOW -
As Guyana is poised to become one of the fastest growing economies in the world as a result of the massive oil discoveries made offshore, the move by the newly installed government to liberalise the country's telecommunications sector after...
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U.S. expresses concern over tilting oil vessel near T&T, supports efforts to avert potential disaster

OilNOW -
The United States through its Embassy in Trinidad and Tobago said on Friday it is concerned by the potential risk to safety and environment posed by the Venezuelan-flagged vessel, Nabarima, in the Gulf of Paria. The Floating Storage and Offloading (FSO) ship has been tilting...
News

T&T government urged to act urgently on tilting vessel that could spill 1.3 million barrels of crude into sea

OilNOW -
The government of Trinidad and Tobago is being urged to act swiftly concerning a Floating Storage and Offloading (FSO) vessel that is tilting precariously in the Gulf of Paria with 1.3 million barrels of crude onboard. The Fishermen and Friends...
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As Guyana discoveries mount experts say oil and gas will remain backbone of global energy supply

OilNOW -
Even with plummeting demand due to the global pandemic and the move towards renewables, experts believe that oil and gas will still remain the primary source of energy in the years to come, which is good news for new...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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