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Oil tanker SKS SPEY will lift Guyana’s 3rd million-barrel oil cargo this weekend

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Norwegian flag-carrier SKS SPEY will lift the third million-barrel oil cargo for Guyana this weekend. OilNOW understands the vessel is in a waiting area ahead of lifting the crude from the Liza Destiny FPSO. Guyana lifted its first million-barrel entitlement...
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Drill campaign for Liza phase 2 development continues

OilNOW -
ExxonMobil, operator at the Stabroek Block offshore Guyana, is moving forward with its development drilling operations for phase 2 of the Liza project. The Noble Tom Madden and Bob Douglas are currently drilling development wells just over 100 nautical miles...
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Robust systems must be in place before touching oil money – President Ali

OilNOW -
Newly elected President of Guyana, Dr. Irfaan Ali, says he will be looking to ensure that robust systems are in place for the management of oil revenue so that benefits to current and future generations are maximized even before...
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Back from the brink – Guyana looks ahead to oil-rich future

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Guyanese breathed a sigh of relief on Sunday when it became apparent that a five-month long ordeal that saw no end to the March 2 elections was finally ending. A meeting of the Guyana Elections Commission (GECOM) started just...
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7 of the world’s biggest offshore structures

OilNOW -
As oceans swell around them, some of the world's tallest man-made structures live in water, not on land. There's not a whole lot of variety when it comes to these man-made mammoths of the sea. Most of theses mega-builds...
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Venezuela’s oil exports stagnant in July at below 400,000 bpd – data

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(Reuters) - Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as U.S. sanctions on PDVSA continued limiting sales, according to Refinitiv Eikon and internal data from the state-run...
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Results from Redtail-1 drill campaign expected this month – Neil Chapman

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Results from the Redtail-1 prospect located some 103 nautical miles off the coast of Guyana at the Stabroek block is expected this month, according to ExxonMobil Senior Vice President, Neil Chapman. The drillship Noble Don Taylor moved to the Redtail-1...
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Guyana’s economic take-off tied to development of multi-billion-barrel oil resources

OilNOW -
Guyana’s positive economic outlook even in face of the coronavirus pandemic is based on the development of several billion barrels of discovered oil resources and the impact this is expected to have on the economy. Should these resources remain...
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UPDATED: Irfaan Ali sworn in as Guyana’s 9th Executive President

OilNOW -
Guyana's General and Regional Elections held on March 2, 2020 finally concluded on Sunday with the Guyana Elections Commission (GECOM) declaring the opposition People’s Progressive Party Civic (PPP/C) as having received the majority of votes and its candidate Dr....
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Second royalty payment pushes Guyana’s oil revenue above US$98 million

OilNOW -
Guyana’s second royalty payment from oil produced and sold in Q2 2020 now pushes the total revenue the country has received since oil production began last December to more than US$98 million. Finance Minister, Winston Jordan, has confirmed that the...
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PPP/C outlines Energy Priorities: Gas-to-Energy, Local Content, post-oil planning

Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among the...

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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