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Complex crew change completed successfully for Liza Destiny FPSO

OilNOW -
UK-based ship management company, V.Ships, has supported SBM Offshore with a complex crew change for the Liza Destiny FPSO, relieving the last batch of 8 crew members. The Onsigners had arrived 2 weeks earlier, completed their quarantine ashore at Georgetown,...
News

World’s largest offshore rig owner declares bankruptcy

OilNOW -
(Bloomberg) --Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Wednesday as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load. The Chapter 11...
News

U.S. considers expanding Venezuelan oil sanctions

OilNOW -
(Bloomberg) --The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures could target crude swaps with companies in Asia...
News

The approach of Guyana’s new government in developing its multi-billion-barrel oil resources

OilNOW -
The newly installed government in Guyana says it is seeking to change the country’s approach to oil and gas by ensuring benefits to Guyanese from the offshore resources are maximized. Officials of the now two-week old administration have said...
News

Guyana’s oil industry will not be run by a “lone wolf”- Natural Resources Minister

OilNOW -
Even though he is tasked with managing the day to day operations of Guyana’s oil industry, Minister of Natural Resources, Vickram Bharrat has been keen to note that the sector would not be run by “a lone wolf”.  During an...
News

Payara review included in-depth assessment of eleven key areas

OilNOW -
Through the engagement of a specialist firm in December 2019, the in-depth review of the Field Development Plan (FDP), Environmental Impact Assessment (EIA) and supporting documents for the Payara development also included an assessment of eleven key areas of...
Exploration

ExxonMobil awarded 35-year concession in Argentina’s Vaca Muerta

OilNOW -
(S&P Global Platts) ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company's growth in oil and natural gas production in Argentina. The government of Neuquen, a southwestern province where most...
Exploration

Report: 9 prospects at Kaieteur Block hold an estimated 2.1 billion barrels of oil

OilNOW -
A study conducted on the Kaieteur Block offshore Guyana has revealed that nine prospects, including the Tanager-1 well where exploration drilling is underway, hold an estimated 2.1 billion barrels of oil resources. The Stena Carron drillship arrived at the Tanager-1 well site a week...
News

Staatsolie lays out key objectives for Suriname ahead of deepwater oil production

OilNOW -
With a string of discoveries, ongoing exploration, and multiple targets yet to be drilled, Suriname is on the verge of becoming an offshore oil producer. State oil company, Staatsolie, says it hopes to see several objectives being achieved as the country moves...
News

Start date, scope for review of Guyana local content policy to be worked out – Energy Consultant

OilNOW -
Trinidadian energy consultant Anthony Paul says details for his engagement with the Government of Guyana to review the country’s Local Content Policy are being worked out. Mr. Paul recently confirmed to OilNOW that he was contacted by the newly installed administration in Guyana...
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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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