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ExxonMobil partners with University of Guyana for roll-out of ‘clean energy’ machine

OilNOW -
The University of Guyana’s (UG) Faculty of Agriculture on Monday commissioned a gasifier machine that will have the capacity to produce 10-12kWatts of clean energy and will be used for research in the production of other biomass materials. The project,...
News

One oil major walked away, 20 companies said no to Guyana exploration

OilNOW -
The financial risk was high and the prospects of finding oil off the Guyana coast was low in the lead-up to the 2015 drill campaign that saw the largest discovery for that year being made at the Liza field....
News

Orinduik explorers targeting 220 million barrels of oil at Jethro-Lobe

OilNOW -
Explorers in the 1800km2 Orinduik Block, situated in shallow water (70 – 1,400m), 170 km offshore Guyana, are targeting around 220 million barrels of oil at the first wildcat well currently being drilled – Jethro-Lobe. Orinduik is located adjacent to...
News

China will determine the future of Venezuela

OilNOW -
(Al Jazeera) On January 23, when US-backed opposition leader Juan Guaido declared himself interim president of Venezuela, he thought deposing President Nicolas Maduro from power would be easy. He had a simple, three-thronged plan: declare Maduro's presidency illegitimate by exposing...
Exploration

SBM signs letter of intent to lease and operate FPSO Mero 2 in Brazil

OilNOW -
SBM Offshore has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180...
News

Two years on: Exxon business centre on a mission to make access to training easier

OilNOW -
The Centre for Local Business Development (CLBD), which was established back in July 2017 to help build the capacity of Guyanese businesses to better position themselves for the oil and gas industry, is on a mission to make training...
Opinions

The development of a Guyanese energy spot market

Bobby Gossai, Jr. -
There is prima facie evidence to suggest that a utility company is characterised by allocative inefficiency in its charging policies. However, improvement depends less on privatisation per se than on the form of the privatised energy industry. This can...
News

Caracas threatens to seize Chevron oil assets

OilNOW -
Venezuela is threatening to nationalize Chevron's oil assets if Washington declines to extend a sanctions waiver that expires on 27 July, reports independent media organization, Argus. The waiver issued as a general license by the US Treasury Department on 28 January allowed...
News

Discoveries up 35% – Guyana oil strikes propelling uptick

OilNOW -
Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad...
News

Another major player in the O&G industry sets up shop in Guyana hotspot

OilNOW -
Harvey Gulf International Marine Inc. has established its newest country office in Guyana. On Wednesday, July 10, 2019, Harvey Gulf’s local office, Guyana Offshore Vessel Services Inc, held a reception to celebrate the occasion in front of their building...
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Petronas adds Roystonea-2 to Suriname exploration campaign

PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie...

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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