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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...
News

Total selects Yinson for pre-FEED work on first Suriname FPSO

OilNOW -
Yinson has been selected by Total to perform preliminary Front-End Engineering Design (pre-FEED) for two FPSO projects; one to be installed in Block 58 in Suriname and the other at Block 20/21 in Angola. “The Angola project will be installed...
Exploration

Koebi-1 fails to deliver commercial crude, but Stabroek bonanza grows

OilNOW -
The success rate at the Stabroek Block offshore Guyana remains unprecedented with significant hydrocarbon resources being found over the last year at previously announced discoveries. Even with disappointment at some of the wells, the overall oil strikes remain on...
News

Private sector must form consortia to meet unprecedented scale of investments – Guyana President

OilNOW -
President of Guyana, Dr. Irfaan Ali is urging local private sector players to up their game and form consortia to meet the growing needs of Guyana's oil-driven economy. He made the appeal during an address at the launch of Saipem's...
News

Exxon strikes oil at Longtail-3 in new Guyana discovery

OilNOW -
ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery...
News

Guyana government still not ready to tap into over GY$53 billion received in oil revenue

OilNOW -
Guyana’s Minister of Natural Resources Vickram Bharrat has reaffirmed that the government will not yet touch the money that has been deposited into the Natural Resources Fund from the sale of Guyana’s oil until that fund has been reconfigured...
News

Brent oil hits two-year high

OilNOW -
(Reuters) Oil prices continued to rally on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be...
News

Guyana looking to implement procurement, local content audits for oil and gas operations

OilNOW -
To ensure all stakeholders are holding up their end of the bargain to make maximum use of local goods, skills and services in their operations, the President of Guyana, Dr. Mohamed Irfaan Ali, says government will be moving to...
News

Eureka Atlantic Offshore Medical Services is now top provider of COVID-19 testing in oil industry

OilNOW -
Since its establishment in 2017, Eureka Atlantic Offshore Medical Services (EAOMS) is proving on a daily basis, that partnerships between local and foreign companies can be highly successful in penetrating the supply chain for Guyana’s oil industry. It has...
News

Urgent changes needed to fiscal regime if T&T is to attract investment – Task Force

OilNOW -
On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is...
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Guyana among few countries in the world where investments in O&G exploration remain robust

While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the...

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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