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Harvey Gulf crew boat will arrive in Guyana soon to support Repsol drill campaign

OilNOW -
US-based Harvey Gulf International Marine is deploying a second vessel to Guyana to support offshore exploration activities in South America’s newest oil and gas hotspot. The 210’ Fast Supply and Utility Vessel is expected to arrive in Guyana on September...
News

G-Boats, SRSGY train 26 more Guyanese for offshore placements

OilNOW -
More and more Guyanese are entering the world of work in Guyana’s emerging oil and gas industry, even as the debate over the proposed local content policy continues in the country. To this end, 26 Guyanese recruits on September 12...
News

Oil price spike after Saudi attack likely short-lived – Rystad Energy

OilNOW -
In an update to clients after the biggest attack on oil infrastructure since the Gulf War, Bjørnar Tonhaugen, head of oil market research at Rystad Energy said the spike in oil prices is likely to be short-lived. “The bullish reaction...
News

Tullow makes second discovery offshore Guyana

OilNOW -
Tullow Oil plc (Tullow) announces that the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. This discovery follows the company's first successful well offshore the South American country - Jethro-Lobe -...
Opinions

Investment, depletion and consumption of Guyana’s oil revenues

Bobby Gossai, Jr. -
Full national considerations are also relevant to a depletion policy of a country’s petroleum resources. Security of oil supplies must be a consideration in Guyana. Possession of crude oil reserves can obviously make a contribution to the solution of...
News

ExxonMobil-led consortium wins 3 Brazil deepwater blocks

OilNOW -
An international consortium led by Exxon Mobil Corporation XOM was the main bidder for three ultra-deepwater oil and natural gas units off the coast of Sergipe and Alagoas states during Brazil's first Open Acreage auction. The units are situated close to the...
News

USGS will reassess Guyana-Suriname basin in 2020 following multi-billion-barrel discoveries by ExxonMobil

OilNOW -
The US Geological Survey (USGS) is looking to reassess its estimated petroleum reserves in the Guyana-Suriname basin which could see its previous estimate of 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas, increasing. Thirty-one geologic...
News

U.S. natural gas price will fall to levels not seen since 1970s – IHS Markit

OilNOW -
A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to a new report from IHS Markit, a world leader in...
News

ExxonMobil plugs more support into youth innovation and creativity

OilNOW -
In its continued effort to support the advancement of STEM—Science, Technology, Engineering, Mathematics—education, ExxonMobil Guyana has provided funding which has enabled six secondary schools in the country to be equipped with robotics kits. Through a partnership with Volunteer Youth Corps,...
News

PSC ‘working overtime’ to identify representative for Guyana’s wealth fund

OilNOW -
Chairman of Guyana’s Private Sector Commission (PSC), Gerry Gouveia, says the business group is working overtime to identify a suitable person to sit on the oversight committee of the country’s Natural Resource Fund (NRF) which will be the primary...
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Latest News

NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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