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Shell forced to evacuate 85 workers from North Sea project due to COVID-19

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(S&P Global Platts) Shell has had to evacuate some 85 workers from its Shearwater gas and condensate project in the UK North Sea due to a COVID-19 outbreak, posing an "additional challenge" to the project timeline, a source close...
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United Kingdom should not be bystander in Guyana’s oil boom, says former U.K. Energy Minister

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If British companies and institutions do not give Guyana’s rapidly expanding oil and gas industry the support and massive experience they can contribute, then others will fill that void. This is the view of former U.K. Energy Minster and...
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Guyana renews search for firm to market Liza crude

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Guyana's Ministry of Natural Resources has issued a new Invitation for Bids (IFBs) from suitable firms to market the country's oil entitlement from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel. Bidders are asked to submit their tenders...
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Guyana seeking consultant to prepare third EITI report

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In keeping with the requirements stipulated by the Extractive Industries Transparency Initiative (EITI), Guyana, through the Ministry of Natural Resources is in search of the services of an independent administrator to prepare the third report of the local transparency...
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Public scoping meetings will greatly assist in determining the best way to develop gas-to-power project – EPA

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Guyana’s Environmental Protection Agency (EPA) on Thursday, July 8, kicked off its first virtual public scoping meeting on the proposed US$900 million gas-to-energy project, emphasising the need for members of the public to share their concerns and recommendations, which...
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Exxon technology, carbon tax could pave a low-carbon path for Guyana’s oil and gas sector

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Co-Director of Energy Practice at America’s Market Intelligence (AMI), Arthur Deakin believes new oil producer Guyana could pave a low carbon path for its oil and gas sector with the help of ExxonMobil’s carbon-capturing utilizing and storage technology (CCUS),...
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TechnipFMC, Halliburton providing fiber optic solution for Exxon’s Payara Development

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Oilfield Service Companies TechnipFMC and Halliburton have received an OTC Spotlight on New Technology Award® (SONT) for their Odassea™ Subsea Fiber Optic Solution, an advanced downhole fiber optic sensing system. U.S. oil major ExxonMobil selected the solution for its...
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Trinidad needs to pour investments into deepwater exploration to reverse decline, says GlobalData

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Production of natural gas, the main commodity in Trinidad and Tobago (T&T), has been declining ever since 2015. Future gas output is projected to stay below 2017 numbers and then decline at a higher rate after 2024. In order...
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Oil prices fall third day in a row amid OPEC+ uncertainty

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(Reuters) - Oil prices fell for a third day on Thursday amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned. Brent crude oil futures...
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South America imported record levels of LNG in June

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(S&P Global Platts) LNG imports into South America reached a record high in June led by strong demand from Argentina and Brazil. Data from S&P Global Platts showed South American imports reaching 84 Bcf in June, slightly higher than the...
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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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