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

OilNOW -
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

OilNOW -
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

OilNOW -
(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

OilNOW -
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

OilNOW -
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...
Opinions

Allowing resource revenues to be good for the emerging Guyanese economy

Bobby Gossai, Jr. -
There is economic logic in the argument that resource revenues can improve a country’s growth prospects, potentially unleashing a trend towards higher levels of income, savings and investment. Resource-curse studies have tended to focus on negative outcomes and to...
News

Venezuelan continued oil fallout presents a challenge for global markets – IEA

OilNOW -
A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets, Merco Press said in a March 16 report. The International Energy Agency (IEA) has warned that crude supplies from...
News

Guyana success pushes Hess to number 2 spot for 2018 drilling performance

OilNOW -
Drilling success in Guyana in 2018 earned Hess the number two spot in the industry for value created from wildcat drilling according to an annual exploration review by Rystad Energy. Only ExxonMobil, co-owner and operator of the Stabroek Block, offshore Guyana,...
News

ExxonMobil to plug additional $4B in Guyana, Permian Basin – Darren Woods

OilNOW -
ExxonMobil CEO Darren Woods says the US oil giant experienced an upside over the course of 2018 and is preparing to invest $4 billion of additional Capital Expenditure (CAPEX) from 2019 to 2025 in Guyana and other areas like...
Exploration

CGX to begin hazard assessment at Utakwaaka-1

OilNOW -
CGX Energy Inc. is set to begin a shallow hazard survey at its Utakwaaka-1 well site offshore Guyana ahead of a drill campaign scheduled to get underway by or before November 2019. Guyana’s Maritime Administration Department said the operation, which...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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