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Saipem building construction yard with ‘largest heavy lift crane’ in Guyana, local team executing work

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Saipem said on Monday it has received authorization to proceed with the final phase of the Payara development project in Guyana from ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). This authorization allows for the finalization of the...
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Apache says Kwaskwasi is its ‘best well’ offshore Suriname

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Apache Corporation remains highly enthusiastic about prospects offshore Suriname and the discoveries it has made to date at Block 58, labelling the last target where it hit pay – Kwaskwasi-1 – as the ‘best well’ encountered so far. Kwaskwasi-1, announced...
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No drill date yet from CGX for Corentyne block

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Even though it has identified a high-grade lead in the northern region of the Corentyne block, CGX Resources Inc. has not yet indicated when it will commence a drilling programme. In its quarterly highlights for the period ended June 30,...
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Brent crude climbs above $40 as Biden’s win buoys risk-taking

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(Reuters) - Oil prices rose more than 2% on Monday, with Brent futures topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetites, offsetting worries about the impact on demand from the worsening coronavirus...
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Biden Presidency will set US on course to achieve climate change goals by 2050 – Wood Mackenzie

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Following his defeat of incumbent Donald Trump in the 2020 United States presidential election, many industry analysts have begun examining the consequences of a Joe Biden presidency on the US Energy sector. In its most recent analysis, global energy...
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Investors pouring in ‘almost every single day’ into South America’s newest hot spot – oil minister

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Investor interest in the South American country of Guyana, now an emerging regional oil producing powerhouse, is at an all-time high with the country’s oil minister saying meetings with government officials are being sought on an almost daily basis. “Almost...
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Shipping corporation in Guyana urged to use waterside assets to cash in big from O&G opportunities

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The Guyana National Shipping Corporation (GNSC) is being urged by authorities to position its waterside commercial facilities to benefit from the growing business opportunities in the new oil producing nation. Speaking at the recent swearing in of the GNSC Board...
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Westwood expects 2020 to close off with flurry of contract awards, Exxon’s Payara to push uptick

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Sanctioning of the Payara Development offshore Guyana has been driving several contract awards and confirmations with companies in the oil and gas industry ranging from vessel construction to subsea installation. The US$9 billion project was approved by Guyanese authorities in...
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Award of Kaieteur, Canje blocks free from corruption- Vice President

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Guyana’s Vice President, Dr. Bharrat Jagdeo, said on Friday the award of the Kaieteur and Canje blocks offshore the South American country was in keeping with the nation’s laws and that no evidence of corruption has been found to...
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Guyana finalizing Qatar Petroleum entry into offshore blocks – Bharrat

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Authorities in Guyana are in the process of finalizing arrangements for Qatar Petroleum’s entry into offshore blocks in what is another major development in the South American country’s emerging oil and gas industry. Back in July 2019, Qatar Petroleum announced...
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

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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