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Offshore Europe: Guyana Pavilion set to connect industry players

OilNOW -
The Society of Petroleum Engineers (SPE) Offshore Europe Conference and Exhibition will begin on September 3 through 6 in Aberdeen, Scotland. Energy business professionals will have an opportunity to learn more about South America’s newest oil and gas hotspot...
News

Energy Department wants oil money to be used for ‘no-regrets investments’

OilNOW -
Guyana’s Department of Energy wants oil revenue to be used to pursue investment initiatives that are feasible and intends to advise government against plugging cash into ventures that could result in future regrets. So says Energy Department Director Dr....
Opinions

Opportunities for State participation in Guyana’s oil development

Bobby Gossai, Jr. -
The establishment of state oil companies is very common in oil-producing countries. Most petroleum producing countries have incorporated state participation in their licensing regulations and/or legislation. The establishment of a national oil company can be justified on several grounds. ...
News

Stabroek co-venturer CNOOC’s net profit surge at H1 2019

OilNOW -
In announcing its interim results for the six months ended June 30, 2019, CNOOC Limited said on Thursday in the first half of the year the company made 16 new discoveries – of which 3 were made in Guyana...
News

Guyana Energy Director tours Stena Forth drillship

OilNOW -
Director of Energy, Dr. Mark Bynoe recently visited the Stena Forth drillship which is currently exploring for oil at the Orinduik block offshore Guyana, after making its first discovery at the Jethro-Lobe well a few weeks ago. Dr. Bynoe said...
News

Guyana to set up Local Content Compliance Unit to validate information submitted by oil companies – Dr Bynoe

OilNOW -
The Guyana Government has announced plans for the imminent establishment of a Local Content Compliance Unit to validate information submitted by oil companies operating in its offshore basin. The disclosure was made on Wednesday, August 29, by Director of Guyana’s...
News

Guyana poised to be the ‘new Qatar’ – AMI Snr Director

OilNOW -
Guyana is the new Qatar, poised to become a ‘juggernaut’ in the global energy circle, given the discoveries of voluminous deposits of hydrocarbons offshore the South American nation. This is according to Americas Market Intelligence’s (AMI) Senior Director, Remi...
Exploration

S-Cube algorithm helped Tullow strike oil at Guyana well

OilNOW -
(Offshore Energy) Tullow Oil has discovered oil at its Jethro-1 well in Guyana using the XWI algorithm developed by technology company S-Cube. The XWI algorithm allows entirely data-driven earth model building with more automation and accuracy. The cloud solution helps...
News

Guyana’s 1st floating oil production complex arrives

OilNOW -
The 120,000 barrels per day Liza Destiny Floating Production Storage and Offloading (FPSO) vessel has sailed into Guyana waters where installation activities will soon get underway in preparation for first oil, just months away. “This is a historic and momentous...
News

More than GY$29 billion spent on goods and services since 2015 from Exxon’s operations in Guyana

OilNOW -
Since 2015, ExxonMobil Guyana and its major contractors have expended more than $29 billion Guyana dollars on the procurement of goods and services ranging from foodstuff to engineering. This has led to the evolution of new services, which include,...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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