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Venezuela Orinoco crude production plummets

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Crude production in Venezuela’s Orinoco belt plummeted to 169,800 b/d on Tuesday from 764,100 b/d at the beginning of April. This represents the combined crude production of Venezuela state PDVSA and its foreign partners, S&P Global Platts said in...
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Tullow plans to drill in Jamaica next year

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Tullow Oil has confirmed that it wants to drill for oil in select countries in 2020, including Jamaica. A report from the Jamaica Gleaner said that Tullow recently concluded a 3D seismic survey with promising results. “The preliminary findings of...
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BP to scale down gas production in Trinidad & Tobago by 15 percent

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Reports are that BPTT, said to be the largest gas producer in Trinidad and Tobago, will reduce its gas production by up to 300 million standard cubic feet per day in 2020 and 2021, constituting a 15 percent drop...
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TOTALTEC to establish O&G finishing school with firefighting, survival training capabilities

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Since opening its academy in 2018, TOTALTEC has trained 150 Guyanese in safety and basic operations for work in the South American country’s emerging oil and gas industry and the company has plans to further expand these capabilities. Chairman and...
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Guyana was not adequately represented by gov’t at OTC – Opposition Leader

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As Guyana moves closer to producing its first barrel of oil, just months away, the country’s opposition leader is calling on the government to ramp up its preparation for production and to do more to better position Guyana on...
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ExxonMobil gets approval for Mozambique Rovuma LNG project

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Mozambique Rovuma Venture said Tuesday that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique,...
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Houston was good for Guyana; next up: Aberdeen – British High Commissioner

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British High Commissioner to Guyana Greg Quinn is hopeful that there is a contingent from South America’s newest oil and gas hotspot to an Aberdeen oil and gas conference billed for September 2019 since the country will benefit from...
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Stabroek co-venturer CNOOC looking to expand presence in Brazil

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Chinese oil company CNOOC Ltd, a co-venturer in Guyana’s Stabroek Block, wants to expand in Brazil and is considering bidding in an auction of offshore exploration blocs in the pre-salt area set for later this year, the head of...
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T&T, China governments partner on ship facility construction

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Trinidad and Tobago’s CNC3 is reporting that the government of the oil producing Caribbean nation is working closely with the Chinese government to build a ship servicing facility there as part of an initiative to diversify the economy away...
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Guyana Shore Base eyeing expansion to double its capacity

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Guyanese majority owned Guyana Shore Base Inc. (GYSBI) will double its capacity in phase 2 of its expansion programme which will see the facility’s usable area and wharfage increasing by over 100%. Under its Phase 2 Expansion Programme, GYSBI plans...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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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