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Private sector staging landmark business summit with multi-stakeholder focus

OilNOW -
As Guyana’s oil and gas industry promises to emerge as a dominant force in the country’s economy, the business community will next week be looking to highlight opportunities and challenges in several other key sectors in its push to...
News

Guyana “light crude” will fetch higher price, cost less to refine

OilNOW -
When compared to heavy oil, the light crude found in Guyana will fetch a higher price on the world market and cost less to refine. Light crude oil has low density and flows freely at room temperature. It has low...
Exploration

Exxon continues drilling foray offshore Guyana with new campaign at Ranger-1

OilNOW -
Following oil discoveries at the Liza, Payara and Snoek reservoirs from 2015 to present, ExxonMobil and its Joint Venture partners Hess and CNOOC Nexen will be looking to repeat these successes with exploratory drilling at the new Ranger-1 well site...
News

Gulf Publishing Company launches LNG intelligence service

OilNOW -
Gulf Publishing Company, a leading media company and provider of market data for the international energy industry, on Sunday the Energy Web Atlas to provide the downstream energy sector with easy access to information about the Liquefied Natural Gas (LNG) industry. A...
News

Guyana taxation body boosting systems in preparation for oil & gas

OilNOW -
The Guyana Revenue Authority (GRA) is working closely with the US Treasury Office of Technical Assistance (OTA) to create a platform that can allow higher systems of transparency and accountability, as the country continues its preparation for the oil...
News

Liza Destiny has potential for significant long-term local content – Exxon Country Manager

OilNOW -
Operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel will potentially provide the highest sustainable long-term employment opportunities for Guyanese over the lifetime of the project. ExxonMobil, through its contractor; SBM Offshore, is in fact targeting a...
News

Keppel delivers 5th FPSO for MODEC; to be deployed offshore Brazil

OilNOW -
Keppel Offshore & Marine's wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore)...
Production

How does an oil and gas company measure and state its production?

OilNOW -
Oil and gas exploration and production companies, or E&P companies, use three basic formats for measuring and reporting oil and gas production: (1) Oil production is measured and reported in barrels, or “bbl.” Production rates are typically reported in terms...
News

Economist urges Guyana not to use oil money for “make-work jobs”

OilNOW -
Trinidadian Economist, Dr. Roger Hosein, is urging Guyana not to use oil revenue to create “make-work jobs” especially at elections time when politicians look to induce voters in order to secure their support.  The act of the State intervening...
News

Total to acquire Maersk Oil

OilNOW -
Maersk Oil will become part of a leading global oil and gas operator with a long-term investment interest in the sector. Total will take over Maersk Oil’s entire organisation, portfolio, obligations and rights with minimal pre-conditions. Planned development schedules...
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Latest News

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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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