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Maka, Sapakara could be developed with 150,000 b/d FPSO

OilNOW -
The Maka Central-1 and Sapakara West-1 discoveries, the first of their kind offshore Suriname, are likely to be developed in coming years utilizing a high capacity floating oil production complex. The two discoveries are located approximately 20 kilometers (12...
Exploration

Supercomputers, high-speed internet key to operating oil fields

OilNOW -
Developing energy requires a big toolbox. It relies on detailed geological surveys to find the oil and gas, high-performance drilling platforms to access the reservoirs and, finally, the ability to transport the crude or natural gas responsibly. US oil...
News

Venezuela’s oil exports sink to 17-year low, choked by U.S. sanctions

OilNOW -
(Reuters) - Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that had acted as intermediaries for Venezuelan crude sales stopped receiving oil, Refinitiv Eikon data and...
News

Noia writes Trudeau about ‘dire’ state of Newfoundland and Labrador offshore oil sector

OilNOW -
(The Chronicle Herald) The association representing businesses involved in Newfoundland and Labrador’s offshore oil sector is adding written words to spoken ones as it continues to press Prime Minister Justin Trudeau to provide federal government help for the beleaguered...
News

SBM Offshore donates 30,000 pieces of protective gear to CDC for COVID-19 response in Guyana

OilNOW -
Dutch floater specialist SBM Offshore has provided 30,000 pieces of protective gear to the Civil Defence Commission (CDC) in Guyana to help with the agency’s national response to the COVID-19 pandemic. In a press update on Wednesday, SBM Offshore said...
News

Schlumberger in search of contractors to build office building, workshop in Guyana

OilNOW -
Schlumberger Guyana is moving to construct an office building and workshop to support the ExxonMobil operations at the Liza Development. The company is looking for highly qualified contractors to build these facilities which will be located at Houston Port,...
News

Occidental Petroleum, Equinor removing non-essential workers in Gulf of Mexico

OilNOW -
Occidental Petroleum Corp and Norwegian state-oil company Equinor ASA are removing non-essential workers from some Gulf of Mexico facilities ahead of Tropical Storm Cristobal, the companies said on Wednesday, according to a Reuters report. Gulf of Mexico operations are continuing...
News

Oil falls below $40 on doubts early OPEC+ meeting will go ahead this week

OilNOW -
(Reuters) Oil prices erased gains on Wednesday, with Brent crude futures falling back below $40 a barrel, on doubts an early meeting of some of the world’s most powerful oil producers will go ahead as planned. OPEC and non-OPEC allies,...
News

Under sanctions oil money could be frozen – Sir Ronald Sanders

OilNOW -
New oil producer Guyana is being urged to avoid sanctions from the international community over its March 2 elections at all cost since such measures could have far-reaching effects that would be damaging to the country’s growth and development. Several...
News

Tankers queue off China’s coast as demand for oil rebounds

OilNOW -
(AlJazeera) Queues of tankers have formed off China's busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand. Two dozen or more crude-laden tankers are...
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Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace...

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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