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Nigeria local content body says Samsung has transformed country into FPSO construction hub

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Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) units in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared, according to a...
News

Economy center stage in April election in Canada’s Alberta province

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(Reuters) - The western Canadian province of Alberta will hold an election on April 16, kick-starting a contest that many polls suggest will result in a change of government in the country’s oil-producing heartland as it struggles with a...
News

America imported no oil from Venezuela last week. Here’s why that’s a big deal

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(CNN Business) America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation. The United States imported exactly zero barrels of crude from Venezuela last week, according...
Opinions

Guyana hopes oil will bring wealth – not corruption and crisis

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Speaking in an article published in The Conversation, visiting Assistant Professor of Politics and International Studies at US-based Centre College, Jennapher Lunde Seefeldt, says when Guyana begins producing oil by 2020, its Gross Domestic Product is expected to increase...
News

2 dozen Guyanese to join more than 1,000 working on Liza Phase 1 project

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Twenty-four Guyanese will soon join the more than one thousand nationals already working on ExxonMobil’s Liza Phase 1 Development project in the South American country of Guyana. The 24 persons, inclusive of two females, will be assigned to the Liza...
News

US company Harvey Gulf is aiming for 100% local content in Guyana

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Harvey Gulf International Marine, one of the top marine transportation companies globally, has identified Guyana as its latest investment destination. The US-based company specializes in providing Offshore Supply and Multi-Purpose Support Vessels for deepwater operations. A team from the company is...
News

TechnipFMC awarded major subsea contract for Equinor Johan Sverdrup Phase 2

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TechnipFMC has been awarded a major subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 meters. The contract covers the delivery and installation...
News

Eco Atlantic upgrades oil and gas resources in Guyana field

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(Reuters) - An oil and gas field off Guyana’s coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September, Eco said...
News

Oil spill response: Guyana must be prepared for all eventualities – Dr. Bynoe

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Director of Guyana’s Department of Energy (DoE), Dr. Mark Bynoe, told a gathering on Monday on the outskirts of Georgetown, that even with the most robust safety systems in place, accidents occur, and as such, the South American country...
News

Emergency response volunteer programme launched in Guyana

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Guyana’s Civil Defence Commission has partnered with ExxonMobil Guyana, the Caribbean Disaster Emergency Management Agency (CDEMA), University of Guyana (UG), and the Guyana Defence Force (GDF) to design and implement a comprehensive Voluntary Emergency Response Team (VERT) Programmme in the...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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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