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Guyanese urge Gov’t, Opposition to join forces for a national plan on oil & gas

OilNOW -
As Guyana gears up for first oil in 2020, civil society, private sector groups and members of the public have been echoing the need for a clear-cut plan on how oil revenue will be spent in the South American...
News

Oil’s stint above $50 ends

OilNOW -
(Bloomberg) Was $50 a barrel for oil just a passing fancy? West Texas Intermediate, the U.S. benchmark, skyrocketed above $52 a barrel at the end of September, teasing investors. But the rally didn’t last long. After hedge funds sliced their...
News

Statoil enters solar industry with 40% share in 162MW asset in Brazil

OilNOW -
Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer. The project will provide approximately 160,000 households with electricity. Statoil...
Discoveries

Further drilling will determine size of Turbot discovery – ExxonMobil

OilNOW -
US super-major ExxonMobil will move to drill a second well on the Turbot discovery next year which will help to determine the volume of oil contained in the reservoir. “We are planning to do an additional well on the Turbot...
News

Government officers to benefit from oil spill response training

OilNOW -
A number of Government of Guyana Ministries and agencies’ staff are expected to be part of a three-day oil spill management workshop to be held at the Pegasus Hotel and at Splashmin’s Resort during the latter half of October. The...
Discoveries

Guyana gives ExxonMobil thumbs-up for new discovery

OilNOW -
Guyana’s Ministry of Natural Resources said in a statement on Thursday evening that it joins the country’s President, David Granger, and the Guyanese people, in congratulating ExxonMobil and its joint-venture partners Hess and CNOOC Nexen for their latest discovery...
Discoveries

Exxon makes 5th oil discovery offshore Guyana

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) announced on Thursday it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and...
Production

Oil & gas fields have 15-30 year lifespan, production could be unpredictable

OilNOW -
Oil and gas fields generally have a lifespan ranging from 15 to 30 years, from first oil to abandonment. Production can last 50 years or more for the largest deposits. Deepwater fields, however, are operated just five to ten...
News

No decision yet on who will market Guyana’s oil – Trotman

OilNOW -
Minister of Natural Resources, Raphael Trotman, says the Government of Guyana is still examining options available for marketing its share of oil and this is being studied by a high-level team put together by President David Granger. The South American...
News

Ground Structures building state-of-the-art facility with lab for offshore investigations

OilNOW -
Ground Structures Engineering Consultants (GSEC), a Guyanese firm specializing in geotechnical engineering and environmental services, will soon open the doors to its new state-of-the-art 10,000 sq. building housing offices and a soils and material laboratory. GSEC is in a partnership...
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Ministry of Labour conducts OSH inspection on Liza Unity FPSO

Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating,...

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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