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Inaugural Guyana Energy Conference and Exhibition slated for February 2022 – GCCI

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The inaugural Guyana Energy Conference and Exhibition (GEC-X ’21), which was originally scheduled for September 28-29, 2021, will now take place in February 2022, as a hybrid event. The Georgetown Chamber of Commerce and Industry (GCCI), the lead organiser of...
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After encountering 45 dry holes over a period of 50 years, along came Liza

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Updated August 27, 2021 Before 2015, offshore Guyana was considered a “high-risk frontier basin” with 45 wells drilled over a span of 50 years resulting in no commercial discovery. Bordered by oil producing giants such as Venezuela and Brazil, the evidence...
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Liza Crude perfect for making jet fuel, high demand products – O&G expert

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Updated August 27, 2021 The oil being produced at the Liza field offshore the South American country of Guyana is being described as ‘clean good quality oil’ by an expert in the field who said this, together with some other...
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Canje Block: writing the next chapter of Guyana’s exploration success

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The Canje Block lies 180km offshore Guyana in deep to ultra-deep water. Canje’s environment of deposition is unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain. The majority of the discoveries offshore...
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Noble selling 4 jack-up rigs in Saudi Arabia

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Noble Corporation announced Thursday that subsidiaries of the Company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd., through its subsidiary, (ADES) for $292 million.  ADES Group is a leading oil & gas drilling...
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Exxon gearing up to spud third well at Canje block

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ExxonMobil is preparing to conduct exploration drilling activities later this month at the Sapote-1 prospect on the Canje block offshore Guyana. The well site is situated approximately 126 nautical miles (233.4 kilometres) from the coast and covers an area...
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Siem Dorado continuing fibre optic cable installation activities offshore Guyana

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Multi-purpose service vessel Siem Dorado is continuing its operations offshore Guyana on a 55-day firm contract with ExxonMobil for fibre optic cable installation, support and hook-up services. The U.S. oil major is implementing a secure, high-speed fibre-optic/wireless transport service to efficiently manage...
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Guyana extends deadline for companies looking to play role in establishment of natural gas facilities

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Guyana’s Ministry of Natural Resources on Wednesday published a notice of extension to the deadline for submissions of expressions of interest to partner on the imminent US$900 million gas-to-energy project. While the previous notice had set a deadline of August 29,...
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Hess, Chevron mandating vaccination for U.S. employees, other companies monitoring situation

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(FOX Business) The U.S. energy industry is weighing in on COVID-19 vaccine mandates for employees as infections are on the rise following the spread of the delta variant. Hess Corporation says its U.S. operations employees working in the Gulf of...
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Gas-to-energy project is ‘absolutely a step in the right direction’ – Rystad Energy VP

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Guyana’s development has been curtailed for decades, in part due to the exorbitant cost of electricity which is among the highest in the region. Now, the new oil producing country is looking to utilize associated natural gas being produced...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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