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‘Multiple high potential leads’ identified on Corentyne Block – CGX Energy

OilNOW -
CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp., said Thursday a seismic acquisition conducted on the block has identified two potentially highly prospective...
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Guyana’s 2nd oil production complex over 50% complete

OilNOW -
The Liza Unity FPSO, Guyana’s second oil production vessel, is currently under construction in Singapore and remains on target for delivery in 2022. Dutch floater specialist, SBM Offshore, said Thursday after the temporary closure of the yards in Singapore due...
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New Cabinet in place as Guyana government prepares for oil transformation

OilNOW -
Nineteen persons were sworn in as ministers on Wednesday by newly elected Guyanese President, Irfaan Ali, who said the combination of youth and experience in his new Cabinet will take the South American country to its next level of...
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‘Tremendous work ahead’ for new government in safeguarding Guyana’s oil riches – Ramnarine

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Former Energy Minister for Trinidad and Tobago, Kevin Ramnarine, is of the firm opinion that the finality of the five-month long 2020 polls represents an important day for democracy in Guyana as well as the new PPP/C Government. But...
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Noble Sam Croft to join ExxonMobil fleet of drillships offshore Guyana

OilNOW -
ExxonMobil has awarded a new 6-month contract to the drillship Noble Sam Croft for operations offshore Guyana, where the company has so far found more than 8 billion barrels of oil equivalent resources. “In early August, ExxonMobil awarded the drillship Noble...
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Oil hits 5-month high just days ahead of Guyana’s 3rd lift

OilNOW -
Just days ahead of Guyana lifting its third million-barrel oil cargo, Reuters said in a report on Wednesday oil prices rose to their highest since early March after U.S. crude inventories fell sharply and the dollar weakened. However, mounting...
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Suriname’s Block 58 could hold 6.5 billion barrels of oil – Morgan Stanley

OilNOW -
US multinational investment bank and financial services company Morgan Stanley says its modelling of Suriname’s Block 58 shows that it contains a potential 6.5 billion barrels of oil equivalent resources which can be developed across seven phases with first...
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Oil tanker SKS SPEY will lift Guyana’s 3rd million-barrel oil cargo this weekend

OilNOW -
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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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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