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Guyanese company clears Bourbon Rhesos in one day, gearing up for other projects

OilNOW -
Guyanese company, Western Logistics, successfully cleared the Bourbon Rhesos in one day upon its arrival in the new oil producing South American country. Bourbon provides marine and logistics as well as subsea services to the global oil and gas...
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Guyana local content policy will be enshrined in law, Bharrat affirms

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Guyana’s Minister of Natural Resources, Vickram Bharrat has assured that by the end of this year the government will commence putting into legislation its Local Content Policy. OilNOW understands that following the extended month-long consultations in March, a team from...
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Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

OilNOW -
Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading...
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Norway vows to continue oil & gas production, even in green energy push

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(Reuters) Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the outgoing centre-right government said as it presented its long-term energy strategy on Friday. Europe's...
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Payment for 6th oil export pushes revenue past US$344 million

OilNOW -
The Guyana government announced on Friday that the payment for the country’s sixth oil lift was deposited into the Natural Resources Fund Account, pushing the total revenues received so far to over US$344 million. According to a statement from the...
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Liza crude heading to China, Netherlands

OilNOW -
Most of the exports of Guyana’s Liza Crude were shipped to Asia, especially China, and the U.S. last year, data from Kpler shows. However, according to Platts, since late last year, more of the shipments went to Panama, although...
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Exxon faring better than peers with addition of big Guyana volumes

OilNOW -
Norway consultancy group Rystad Energy says new discovered volumes – a measurement of a company’s exploration performance – illustrates the daunting challenge faced by oil majors to maintain their reserves base and supply existing customers. The U.S oil major’s proven...
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Bourbon Rhesos arrives in Guyana for deepwater operations

OilNOW -
France-based marine services provider, Bourbon Offshore, has mobilized yet another vessel for operations in South America’s newest oil producing nation. “After a safe and successful voyage from Las Palmas, the AHT Bourbon Rhesos has arrived alongside at Georgetown ready to...
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Pressures around climate change, energy transition impacting big oil: WoodMac analysis

OilNOW -
Ed Crooks - Vice-Chair, Americas at Wood Mackenzie The events of 26 May 2021 look like a defining moment for the oil and gas industry. In the space of a few hours, three decisions crystallised trends that had been building...
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Exxon’s 5th FPSO for Guyana could target development in area east of Liza complex

OilNOW -
ExxonMobil’s 5th development offshore Guyana could be targeting wells in an area east of the Liza complex where quality reservoirs have been confirmed, the oil major said on Wednesday. “The Mako-2 evaluation well confirmed the quality, thickness and areal extent...
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Namibia studying Guyana’s oil model to shape new sector 

Namibia is looking to Guyana for guidance as it builds out its oil and gas industry, following major offshore...

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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