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Brazil subsalt production-sharing fields to pump 3.9 million b/d by 2031: management company

OilNOW -
Output from oil fields in Brazil’s subsalt frontier covered by production-sharing agreements will surge over the next decade to 3.9 million b/d by 2031, surpassing the country’s current total output of about 2.9 million b/d, the head of government...
News

Guyana prospects take centre stage at London Oil Talk

OilNOW -
The CASS Business School of the City of London in collaboration with the High Commission of Guyana and the London Business School's Energy Club held a well-attended discussion on Guyana’s oil discovery and its green future on Monday November...
Exploration

Tullow’s final drill target at Orinduik crucial to campaign

OilNOW -
(Petroleum Economist) The final drilling target of the year for Anglo-Irish independent Tullow has become more pivotal following the company’s revelation that crude from its offshore Guyana discoveries is heavier and more sulphurous than expected. Tullow’s share price had been...
News

Guyana, TT O&G JV rapidly expanding to serve offshore industry

OilNOW -
Support from National Hardware Guyana and Concepts & Services Company of Trinidad and Tobago has led to the formation of a new oil services company based in Guyana which is set to become the region’s newest oil producer in...
News

Signing contracts ahead of development approvals minimise cost overruns and lengthy delays

OilNOW -
The signing of contracts with ExxonMobil contractors including Saipem and SBM Offshore for works related to the Payara development prior to final government approval is not unusual since such works require lengthy lead times for planning, design and construction. So...
News

‘It’s not just about monies earned but knowledge transferred, technology shared’ – Dr. Bynoe

OilNOW -
While the South American country of Guyana is set to earn billions of US dollars from development of its oil resources in the coming years, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe says the full...
News

GTT CEO urges Guyanese to focus on creating wealth, prosperity for self and family

OilNOW -
The CEO of the largest telecommunications company in Guyana is urging Guyanese to carefully consider how becoming an oil producing nation will significantly transform the country which has gone from having no known oil resources to more than 6...
News

SBM Offshore and Constellation complete minority ownership transaction

OilNOW -
SBM Offshore and Constellation Oil Services Holding S.A. said on Friday they have successfully completed the transaction regarding the sale to SBM Offshore of Constellation’s equity ownership in the lease and operating companies related to five Brazilian FPSOs. This follows...
Opinions

Oversight and controls for Guyana’s petroleum revenues

Bobby Gossai, Jr. -
Limitations on Types of Investments An oil revenue management law should limit an oil fund's investments to certain secure and non-speculative instruments. New oil revenue management law and petroleum fund law should provide for such limitations. As a fund becomes...
News

Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

OilNOW -
More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...
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Latest News

Stories Beyond the BarrelShikema Dey -

From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics...

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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