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Guyana remains a bright spot in oil’s universe but politics could change the outlook

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The International Monetary Fund, World Bank, and several other institutions, analysts and experts have all placed Guyana on the road to rapid economic growth and transformation fueled by the massive oil resources discovered by ExxonMobil off the country’s coast...
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SBM Offshore prioritising staff safety as global pandemic unfolds

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Dutch floater specialist SBM Offshore says the unprecedented times brought on by the global COVID-19 pandemic is resulting in a strong, united front from the company as it takes measures to ensure the health and safety of its workers. “As...
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CGX’s Logistics Yard to service development of Guyana Deep Water Port

OilNOW -
CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) will in 2020 begin construction of phase 1a of the deep-water port at the mouth of the Berbice River in the South American country of...
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CNOOC lifts 1st oil cargo from Guyana, reports record performance for 2019

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China’s state oil company CNOOC has lifted its first 1 million barrels of light, sweet Liza crude from Guyana’s offshore Liza Phase 1 Development project. The company has a 25% stake in the 6.6 million acres Stabroek block as...
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Fugro partners with SEA-KIT to develop new range of uncrewed surface vessels

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SEA-KIT, a global provider of hi-tech solutions to maritime and research industries, will work with Dutch engineering company Fugro to develop a new range of agile and compact uncrewed surface vessels (USVs) which can deploy remotely operated vehicles (ROVs)...
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Global oil demand could collapse by over 16 million bpd in April

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Global oil demand is expected to take the biggest hit in the month of April falling by nearly 16 million barrels per day (bpd) year on year, representing almost a 16% drop. Rystad Energy said this downgrade takes into...
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Economic crisis prompts a showdown and a shutdown in Suriname

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(New York Times) Suriname ground to a halt on Wednesday as its banks, shops and factories shuttered in a showdown between its beleaguered private sector and its authoritarian government over how to respond to a deepening economic crisis. The closures...
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Over 1 million oil field services jobs to be cut in 2020 as COVID-19, price crash wreak havoc

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More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact...
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Saipem seeking EOIs for construction of Guyana fabrication yard

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Italian engineering and drilling services firm Saipem is inviting companies to express interest in bidding for the construction of a fabrication yard to support its operations at the Stabroek Block offshore Guyana. The contracting period has been given as second quarter...
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US, UK warn of ‘serious consequences’ for those looking to ‘benefit from electoral fraud’ in Guyana

OilNOW -
The United States of America and the United Kingdom are stepping up their call for full transparency in Guyana’s March 2 election where to date a winner has not been declared. “The calls for a free, fair, credible election in...
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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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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