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Indian Oil Company offered best deal for Liza crude – Bharrat

OilNOW -
Guyana’s most recent sale of 1 million barrels of Liza crude to Indian Oil Corporation Ltd. (IOC) is the country’s “sweetest deal to date” since it is poised to bring in as much as US$76M says Natural Resources Minister,...
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Guyana in search of investors for landmark gas to energy project

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The Guyana government is inviting Expressions of Interest (EOI) for joint participation with the administration and ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) in designing or utilizing the outputs from its Natural Gas Liquids (NGL) and Liquified...
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Cretaceous plays continue to dominate global hydrocarbon output

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Global oil and gas companies are increasingly narrowing their exploration and production activities to fewer regions and plays to make sure they are invested in the most profitable barrels when oil demand starts to decline later this decade, Rystad...
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Oil prices slip as new poll shows COVID-19 cases rising in 69 countries

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(Reuters) - Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled. Brent crude for September fell 73 cents, or 1%,...
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Natural Gas Liquids to be sold to 3rd parties when mega project comes on stream in 2024

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Natural Gas Liquids (NGL) from the US$900 million gas-to-energy project set to come on stream in Guyana by 2024 will be sold to third parties, ExxonMobil said last week, as public scoping meetings for the development that is expected...
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Experts say moving from heavy oil to gas consistent with planning for ‘environmentally sensitive future’

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Updated July 11, 2021 Guyana's pursuit of a Gas-to-Energy project in four years is anticipated to significantly reduce energy costs and would also be in keeping with the country's goal for a green economy. Experts say the transition to gas...
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Guyanese manufacturing company gets recertification for quality standards

OilNOW -
Guyanese manufacturing company, Demerara Distillers Ltd. (DDL) recently received their recertification for both the Good Manufacturing Practices (GMP) and Hazard Analysis and Critical Control Points (HACCP) systems from SGS.  In a simple ceremony at DDL's Diamond head office, both...
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CNOOC aiming to start up operations in Q4 at UK’s highest-producing oil field

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(S&P Global Platts) China's CNOOC International confirmed July 8 it expects to start up production from the delayed Phase II expansion project at Buzzard, the UK's highest-producing oil field, in the fourth quarter 2021. In a statement, CNOOC said it...
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Territorial hostilities delayed Exxon’s Stabroek Block campaign for years

OilNOW -
When ExxonMobil was awarded the Stabroek Block license in 1999 it did not immediately move to begin exploration activities. Offshore drilling in Guyana at the time was negatively affected by controversies with Suriname and Venezuela, its neighbors to the...
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Guyana looking to conduct major studies as part of transparency initiative for extractive sectors

OilNOW -
Guyana’s Ministry of Natural Resources on Wednesday issued a Request for Proposals (RFPs) inviting eligible specialists to submit bids to complete two projects. The first seeks a consultant to conduct a comprehensive Guyana Extractive Industries Transparency Initiative (GYEITI) systematic...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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