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CGX Energy pursuing deep water port facility in Guyana

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CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) has made a request for proposals for the provision of infrastructure services as part of the construction of a deep-water port facility at Crab Island...
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Guyana, Ghana companies partnering to supply workers for offshore rigs

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Ghana headquartered Unicon Western Engineering Services –a subsidiary of Unicon Western Holdings –has teamed up with a Guyanese company, Amazonia Expert Services Limited, to launch UNICON Guyana Inc. (UGI). UGI will be responsible for recruiting and training labourers for work...
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Guyana oil development bringing new discoveries of wildlife

OilNOW -
Exploration activities offshore South America’s lone English-speaking country – Guyana - have so far unearthed billions of barrels of crude. The environmental studies being conducted for the development of these oil fields are also discovering something else - new...
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Hess sees ‘excellent potential’ at Suriname’s Block 42

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Hess corporation sees great potential in the offshore Suriname basin where preparations are underway to ramp up the search for hydrocarbons in the Dutch-speaking South American country. Speaking on the company’s Q3 earnings call on October 30, CEO John Hess...
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Kosmos Energy makes discovery in Equatorial Guinea

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Kosmos Energy has made an oil discovery offshore Equatorial Guinea the country’s Ministry of Mines and Hydrocarbons announced on Sunday. The S-5 well was drilled at a total depth of 4,400 meters and encountered 39 meters of net oil play...
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Saudi Aramco IPO: World’s most profitable company to go public

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(BBC) Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO). The state-owned oil giant will determine the IPO launch price after registering interest from...
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TT helicopter operator expanding operations to Guyana with S-76 aircraft

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National Helicopter Services Ltd. (NHSL), a leading Sikorsky S-76® helicopter operator, is expanding operations with its first two S-76D™ aircraft in Guyana, a continuation of the significant growth of Sikorsky and Lockheed Martin in Latin America. NHSL has operated Sikorsky...
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Bloomberg: Meet the economy that the IMF sees growing 86% in 2020

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(Bloomberg) South America may be battered by weak growth, unrest and austerity but one of its smallest countries is about to experience the fastest economic growth on the planet. Guyana, a country of 780,000 that neighbors Brazil and Venezuela in...
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Oil companies in Guyana benefiting from positive value-creation cycle

OilNOW -
Exploration and Production (E&P) companies operating offshore Guyana are benefiting from a positive value creation cycle that started in 2015 while an estimated 800 offshore investments made during an upturn in 2010 to 2014 will struggle to generate any...
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Bloomberg: Giant Brazil offshore oil find might be expensive for Exxon

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Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up for auction next week, Bloomberg said in a report on Thursday. The Irving, Texas-based oil titan...
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NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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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