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Record-setting Stena Carron reaching previously un-drillable depths

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The Stena Carron drill ship is writing itself into the history books with a string of successful discoveries offshore Guyana, demonstrating its industry leading performance technology, making it ideal for drilling in dynamic environments such as the 6.6 million...
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Guyana maritime authority to be realigned for oil and gas sector

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Guyana’s Minister of Public Works, Juan Edghill, on Wednesday announced that the Maritime Administration Department (MARAD) will be realigned and repositioned to better serve the South American country’s emerging oil and gas sector. “The immediate task of the administration within...
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Guyana’s astronomical growth projections based on development of its massive oil fields – Deygoo-Boyer

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Despite the challenges of the COVID-19 pandemic and recent political uncertainty surrounding its elections, Guyana is still projected by the International Monetary Fund (IMF) to be the fastest growing economy in the world this year.    “Oil and gas is...
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No backtracking of spending by ExxonMobil in Guyana – API’s Chief Economist

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The continuation of exploration and production activities offshore Guyana means that the South American country has not seen a backtracking of spending by ExxonMobil as has been the case with other oil majors in various parts of the world. This...
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Trinidad & Tobago reports significant fall in natural gas production

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Trinidad and Tobago’s Ministry of Energy and Energy Industries on August 11 reported that the Country’s natural gas production plummeted in June to its lowest level since 2016 averaging a mere 3.110 billion standard cubic feet per day (Bscf/D). The...
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Effective Parliament important for Guyana’s oil economy – says new Speaker

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Newly elected Speaker of Guyana’s National Assembly, Manzoor Nadir, has underscored the importance of an effective Parliament to Guyana’s oil and gas sector. Nadir, who was elected and sworn-in during the first sitting of Guyana’s 12th Parliament on Tuesday, September...
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Hull for 3rd Guyana-bound oil production vessel launched

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China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered the Prosperity FPSO hull, the second floater to be built under SBM Offshore's Fast4Ward® program for the ExxonMobil-operated Stabroek Block, offshore Guyana. The Prosperity will have a 220,000 barrels per day capacity,...
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Venezuelan oil official flees to U.S. with intel on Maduro’s inner circle

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(Bloomberg) --A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown. Carmelo Urdaneta Aqui, a onetime legal...
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Oil and gas companies continue to fold under severe pressure even as Guyana offshore blooms

OilNOW -
The COVID-19 pandemic is adding severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. This comes at a time when prospects on the South American north coast continue to...
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T&T’s energy minister says no reports of Venezuelan tanker on verge of capsizing in Gulf of Paria

OilNOW -
Minister of Energy and Energy Affairs of Trinidad and Tobago Franklin Khan says the country’s Maritime Division is not aware of a tilting Venezuelan oil tanker which is purportedly in danger of capsizing near Guiria, a report in the...
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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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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