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Guyana has sold over 7 million barrels of oil since production started

On July 3, 2021, the Guyana government sold its 7th oil cargo when just over 1 million barrels of crude were lifted from the Liza Destiny FPSO. Since production began on December 20, 2019, the government has marketed 7.056...

EPA developing policy to govern use of dispersants during oil spill

Head of Guyana’s Environmental Protection Agency (EPA), Kemraj Parsram has disclosed that efforts are afoot to draft an overarching policy on the use of dispersants in the oil sector. Dispersants are chemicals that are sprayed on a surface oil slick...

80% of remaining deepwater oil resources in the world will come from just five countries – WoodMac

Traditionally, analysts often assess oil resources based on generalities or broad assumptions. However, consultancy group Wood Mackenzie says when trying to understand where to get more oil, precision is key. The upstream industry remains active and must fill the 450...

Billions being spent with Guyanese suppliers even as stakeholders continue push for local content legislation

As authorities in Guyana forge ahead with the finalization of a local content development framework, the largest oil and gas company operating in the country says it remains committed to building local capacity since it sees this as the...

Saudi Arabia slashes crude prices to Asia

(Reuters) - Saudi Arabia, the world's top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States steady. The deep price cuts come as lockdowns...

Halliburton introducing cutting edge technology to boost understanding of complex reservoirs

Halliburton Landmark has released the latest version of Geosciences Suite, a DecisionSpace ® 365 cloud solution powered by iEnergy ®, an E&P hybrid cloud. The software combines innovative technology with a tightly integrated, end-to-end suite of workflows to create...

TechnipFMC says Brazil contracts ‘significant’

TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação...

Exxon in search of Quayside and Laydown Area on West Bank of Demerara River

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has put out a Request for Information (RFI) seeking detailed operational and technical information from suppliers for meeting its bid selection requirements for a Quayside and Laydown Area on the...

Local content regulations: back to the future?

By Jerry Haar – OilNOW Trade and investment liberalization has been one of the hallmarks of the global economy for the last sixty years. Both industrialized nations and emerging markets have come to realize that the positive features of neoliberal...

Investing in becoming a cut above the rest – Pt. 1

By A. Bacchus – OilNOW So, you have your business, and it is registered on the Supplier Registration Portal to be considered for contract opportunities in the oil and gas industry. What’s next? What is it about your company that...

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Guyana earned US$11M per day from oil in July

Guyana’s Natural Resource Fund (NRF) received approximately US$343.4 million (GY$71.62 billion) in oil revenues in July 2026, equivalent to...