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Employment at Oil Field Service companies lowest in a decade

OilNOW -
The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. A Rystad Energy analysis of the top 50 oilfield service (OFS) firms show that staffing is...
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Guyana can become the next non-OPEC oil giant – Lisa Viscidi

OilNOW -
Guyana can become one of the largest non-OPEC oil producers in a few years, with the potential to encroach on the markets of less competitive producers as the South American country continues to develop its industry. This is the view...
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Payara for further review ahead of decision on approval

OilNOW -
Government approval for Payara, ExxonMobil’s third development project offshore Guyana, remains on hold as the new administration seeks external assistance to further review the work that has been done so far in assessing the project. “Specifically to the Payara licence,...
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US doubles support for transparency in Guyana’s extractive sector

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The United States Embassy in Georgetown on Monday announced that United States’ Agency for International Development (USAID)’s support for transparency and good governance in Guyana’s extractive sector has been bolstered with an additional $500,000 grant provided for the Guyana...
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Canje Block’s Bulletwood-1 is a ‘Liza look alike’ – Westmount Energy

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At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain. Most...
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Brent outlook for 2020 stands at $42.35 as Guyana expected to lift 2 million more barrels

OilNOW -
New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million barrels; 3 million of which have already been exported. Oil production got underway in the South...
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Twinning of Georgetown and Europe’s oil capital Aberdeen discussed at foreign meeting

OilNOW -
High Commissioner of the United Kingdom to Guyana, Greg Quinn met with newly appointed Minister of Foreign Affairs and International Cooperation, Hugh Todd today where a number of matters were discussed, including the twinning of Georgetown, Guyana and Aberdeen,...
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Finance and Natural Resources for Presidential oversight in Guyana

OilNOW -
The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which the petroleum portfolio falls. In a statement on Monday, the Office of the President said, “In...
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Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

OilNOW -
The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final lift under the current contract the country has with Shell Western Supply and Trading Limited. Brent...
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Guyana stands united on settling Venezuela border controversy at ICJ – President Ali

OilNOW -
President of Guyana Dr. Mohamed Irfaan Ali has committed to safeguarding the sovereignty of the South American oil producing country, noting that all Guyanese stand united on the issue of the integrity of the country’s borders. Speaking at his inauguration...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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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