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Exxon to carry out exploratory work in newly acquired Kaieteur block, drilling to begin at Liza-4 well

OilNOW -
US oil major ExxonMobil will soon begin preliminary exploration work in the Kaieteur block, an area adjacent to the Stabroek block offshore Guyana, which the company recently acquired. Drilling will also commence at the Liza-4 well in the eastern...
News

BP starts up onshore compression project in T&T

OilNOW -
BP Trinidad and Tobago LLC (bpTT) announced on Thursday the start-up of the Trinidad onshore compression (TROC) project - one of seven major upstream projects BP expects to bring online in 2017. Full start-up will take place over the next...
Featured

Certified welders, other skilled workers will be needed as Guyana becomes major oil producer

OilNOW -
Beefing up education institutions in preparation for oil production which is set to begin by 2020 is critical if Guyanese are to benefit from direct employment opportunities in the emerging oil and gas sector. This is the view of...
Exploration

Exxon forges ahead with plans for second FPSO in Guyana

OilNOW -
Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this second vessel will be bigger than the first, and is earmarked for the Liza development,...
Exploration

The world needs a stable oil market

OilNOW -
The following statement was made by Tord André Lien in December last year, when he was Norway’s Minister of Petroleum and Energy. The global use of oil is increasing. Soon oil demand will surpass the 100 million barrel per day....
Discoveries

Oil Finds: We must get it right from the beginning

OilNOW -
Oil, an indispensable factor in numerous economies, account for about 2.5 percent of the world’s Gross Domestic Product (GDP). According to Forbes online, it accounts for one-third of the primary supply for the world’s population, and if natural gas...
Exploration

Expert says putting safety first in oil production is key

OilNOW -
While laying the foundation to realize its fortunes and becoming a hemispheric leader in the oil and gas industry, Guyana has also been listening keenly to the advice coming from experts in the field. Billy Joe Pellegrin, the Corporate Quality...
Exploration

Oil Finds: Guyana’s PM says country guarding against “sleaze, malfeasance”

OilNOW -
The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector. The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...
News

Guyanese being urged to guard against bogus oil & gas learning institutions

OilNOW -
Authorities in Guyana are urging citizens to guard against signing up for oil and gas academic programmes being offered by institutions with no legal standing. In a statement on Saturday, the country’s Ministry of Natural Resources said it is urging...
Discoveries

Oil Finds: Guyanese people need to benefit from resources

OilNOW -
The importance of Guyanese benefiting directly from what is believed to be significant commercial quantities of crude oil offshore the South American country is being emphasized by the head of a key entity representing the interest of the country’s...
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SBM Offshore targets 25% female participation in training programs

SBM Offshore Guyana is working to boost female participation in its training programs, aiming for a 25% representation, its...

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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