News

Guyanese firm Strategic Recruitment Solutions Inc. (SRS) has expanded its professional network and services to Suriname. Effective May 4, 2021, SRS launched a partnership with the Suriname based Humus Consulting. The Joint Venture, Strategic Recruitment Suriname N.V., will provide...

Guyana accounts for over 70% of ExxonMobil’s new proven reserves placing it way ahead of its peers for new discovered volumes. However, Norway-based Rystad Energy is sounding an ominous warning that Big Oil could see proven reserves run out...

Total, operator of Block 17 in Angola, together with the Angolan National Oil, Gas and Biofuels Agency, announce on Thursday the start of production from the Zinia Phase 2 short-cycle project, connected to existing Pazflor’s FPSO (Floating Production, Storage...

In an effort to ensure Guyana's US$900M gas-to-shore project is properly implemented, the Ministry of Natural Resources is actively searching for a Commercial Negotiator. According to procurement documents seen by OilNOW, the successful applicant would be required to support the...

Italian oilfield services company Saipem will officially open its offshore construction facility this month in Guyana’s capital Georgetown, to support the growing offshore operations in the new oil producing South American country. The facility will feature a heavy load bearing...

By Ivelaw Lloyd Griffith – OilNOW In Part I of this series, I examined Venezuela’s recent saber-rattling moves against Guyana, while in the subsequent article I addressed the high stakes involved for the two countries. With this as background I...

(Reuters) Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of COVID-19...

On May 4, 2021, an analysis by OilNOW pointed to the rapidly growing hydrocarbon resources being discovered in the Guyana-Suriname Basin and how this is likely set to surpass the U.S. Geological Survey (USGS) estimates for the frontier region....

Even with its vast oil reserves of over 300 billion barrels, Venezuela’s output is now on course to be surpassed by new producer Guyana where oil fields are moving to development at a robust pace as the government looks...

India has witnessed more than 300,000 new coronavirus cases per day for nearly two weeks in what is a growing humanitarian crisis that could see the outlook for oil consumption worsening in the short term, before rebounding later this...