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Greatest benefit to Guyana from oil is in value-added activities – GOGA

OilNOW -
The Guyana Oil and Gas Association (GOGA) believes the greatest benefit from a country’s natural resources lies in the ability to add value, and this must be carefully considered in the case of oil production, set to begin in...
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Global offshore mooring systems market expected to reach USD1.32B by 2025

OilNOW -
Increasing oil and gas production and exploration from the offshore fields and the rising development of shale drilling regions are expected to drive the demand for the offshore mooring market. Innovation of new technologies for development of new systems in...
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Berbice River conditions ideal for Crab Island on-shore base in Guyana – Engineer

OilNOW -
Conditions at the mouth of the Berbice River in Guyana may be best suited to facilitate an onshore supply base at Crab Island, according to an engineer whose company has worked extensively in the area. Crab Island, located in the...
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ExxonMobil completes new polyethylene Lines

OilNOW -
ExxonMobil Chemical Company announced today the mechanical completion of two new 650,000 tons per year high performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The company expects production to begin during the third quarter of 2017. Part...
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Collaboration between private investors and Guyana government can make oil refinery a reality – PSC head

OilNOW -
The business community in Guyana continues to weigh-in on the news that setting up a 100,000-bpd oil refinery in the South American country, is not a feasible option. The head of one such group representing the interest of the...
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Venezuela: An abundance of oil, shortage of gasoline

OilNOW -
Venezuela; home to a number of oil refineries and the country with the largest proven oil reserves in the world, is now being forced to increase gasoline imports as refineries struggle to remain operational. Output has dropped at the crisis-hit...
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Smaller capacity refinery now may lead to bigger problems later; expert tells Guyanese business operators

OilNOW -
While there continue to be calls for the establishment of a smaller, less-costly oil refinery in Guyana, the expert hired to consider the matter of building a refinery in the country warns this could spell trouble down the road. Director...
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UK-based Professor to deliver lecture in Guyana on challenges in oil and gas

OilNOW -
Professor Jorge Manuel Guira of the UK-based University of Reading will be in Guyana on Thursday May 25, to deliver a lecture entitled ‘Paradise Found in Guyana? Meeting the Challenges of Oil and Gas Exploration and Production’. OilNOW understands the lecture...
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Guyanese and Dutch company forging ahead with new partnership in oil & gas sector

OilNOW -
Guyanese firm, Ground Structures Engineering Consultants Inc. and Dutch company, Fugro, are forging ahead with a new partnership in the South American country’s emerging oil and gas sector. Already, several Guyanese are receiving specialized training in sea survival and...
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Private sector group wants to study model used by Pedro Haas in his refinery analysis

OilNOW -
A key private sector body in Guyana has asked the minister responsible for natural resources, Raphael Trotman, to provide it with the model used by consultant, Pedro Haas, which led him to conclude that setting up a refinery in...
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Hull for Guyana’s Jaguar FPSO arrives at Singapore yard

SBM Offshore said the multi-purpose floater (MPF) 5 has arrived at the Seatrium yard in Singapore. The hull is...

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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