News

Revenue from Guyana’s vast offshore hydrocarbon resources will be used to improve the prospects of the entire CARICOM region the country’s President, Dr. Irfaan Ali, affirmed on Monday in an address to the nation to mark his first year...

Even though Guyana is poised to receive billions of dollars in revenue from its massive offshore oil fields, the country’s economy will not be allowed to become dependent on this resource. Making this declaration on Monday was President Irfaan...

Oil field services company Schlumberger plans to upgrade its Fluids Laboratory in Guyana to improve overall efficiency and service delivery. This is according to an advertisement placed in the local press requesting the submission of Expressions of Interest (EoIs). The...

(S&P Global Platts) Crude oil futures fell in mid-morning trade in Asia on August 2 amid concerns over the resurgent spread of COVID-19, after the weekend brought a slew of reports of rising cases in China and parts of...

The hull for the Prosperity FPSO, Guyana’s 3rd oil production vessel, is complete and will enter the Keppel shipyard in Singapore following the sail away of the Liza Unity later this month. The Prosperity FPSO will be producing oil...

(Reuters) - Brazilian President Jair Bolsonaro said on Friday evening that state-controlled company Petroleo Brasileiro SA, known as Petrobras, has 3 billion reais ($575.5 million) to fund free LPG bottles to low-income people that cannot afford them. Liquified petroleum gas...

The team on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel has gone over 660 days with no recordable incident. Production Manager at ExxonMobil Guyana, Mike Ryan, says this is an indication that the team is working in...

(S&P Global Platts) India's oil minister Hardeep Singh Puri opened the bid phase of the third round of Discovered Small Fields (DSF-III) on July 30 and invited foreign investors like BP and ExxonMobil to tap huge potentials offered by...

The Environmental Protection Agency (EPA) in Guyana has approved an additional 60-day period for flaring of associated gas on the Liza Destiny FPSO for the period July 25 to September 22, 2021. This is to be conducted at a...

The full gas compression system on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel is now operating, ExxonMobil said in an update on Friday. OilNOW understands that the team continues to perform maintenance and optimization activities with the...