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Back from the brink – Guyana looks ahead to oil-rich future

OilNOW -
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...
Featured

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

OilNOW -
(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

OilNOW -
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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U.S. defense firm joins creditors seeking to enforce Venezuela judgments

OilNOW -
(Reuters) - U.S. defense contractor Huntington Ingalls Industries Inc has joined a long line of creditors seeking to enforce a judgment against heavily indebted OPEC member Venezuela, court documents filed on Friday showed. Huntington Ingalls’ shipbuilding unit earlier this year...
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September time-frame for Payara approval “very important” – Neil Chapman

OilNOW -
Guyana Government approval of the 220,000 barrels per day Payara Development Project by September is being viewed as “very important” if ExxonMobil is to capitalize on a crucial window of opportunity to get the project going without further delays. The project was...
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Apache’s Block 58 offers most promise for Suriname resource – Morgan Stanley

OilNOW -
US multinational investment bank and financial services company Morgan Stanley says despite a wave of lease awards beginning in 2010, no commercial oil resource had been discovered in offshore Suriname prior to Maka Central-1, Apache's first exploration well on...
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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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