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Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData

OilNOW -
Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19 through severe production cuts and reductions in investments. As opposed to other countries with established oil and gas sectors in the region, Brazil...
News

US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

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(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...
News

Tender reopens to market light sweet Liza Crude

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The Guyana government has moved forward with reopening the tender for marketing the country’s share of the Liza Crude being produced 120 miles offshore at the ExxonMobil Liza Phase 1 Development. In a notice published in the local press, the...
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Oil and gas pushing major investment opportunities in South America’s newest hotspot

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Chief Executive Officer (CEO) of the Guyana Office for Investment, Owen Verwey, says Guyana is now a prime investment destination for oil and gas as well as a wide cross section of industries that make up the country’s diverse...
News

Guyana, ExxonMobil discuss offsetting emissions from Payara

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In keeping with Guyana's goal to achieve its climate change targets, Vice President, Dr. Bharrat Jagdeo, said discussions have been held with ExxonMobil about offsetting emissions from Payara, its third offshore development, which is currently being reviewed by a...
News

Venezuela’s Maduro thanks Iran for helping oil industry overcome U.S. sanctions

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(Reuters) - Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s...
News

Oil industry world records you may not have heard of

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Tallest, biggest, deepest…and craziest Source: Equinor Gigantic platforms, amazing feats of engineering—and the world’s deepest concert, performed by Katie Melua on the seabed. The oil industry is full of world records. Here are some of them: Can you imagine oil rigs...
News

ExxonMobil remains engaged with Guyana government on proposed gas to shore project

OilNOW -
ExxonMobil remains engaged with the Government of Guyana regarding a proposed project that could see gas from the offshore Liza field being piped to shore. Since discussions on the project resumed just over a week ago with Guyanese authorities,...
News

Over eight months in – Guyana producing oil ahead of its time – Francis Kiernan

OilNOW -
US oil major ExxonMobil announced its first world class discovery in May 2015 at the Liza field offshore Guyana. The well encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs and was safely drilled to 17,825...
Opinions

Privatisation’s role in maximising Guyana’s total benefits from the petroleum sector

OilNOW -
Too often countries do not get the full value of their resources. A government would genuinely be interested in using its good luck of an abundant resource endowment for the benefit of its people. However, first, it must somehow...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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