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Exxon reduces oil production levels in Guyana as additional issues encountered with gas compressor system

OilNOW -
In an update on Tuesday, ExxonMobil Guyana said as the final testing phase of the reinstalled flash gas compressor and other components of the system on the Liza Destiny FPSO was being conducted, an additional problem with the discharge...
News

Crude oil futures edge higher as demand outlook improves

OilNOW -
(S&P Global Platts) Crude oil futures were higher in mid-morning trade in Asia April 14, despite a pause in the Johnson & Johnson vaccine rollout and mixed data from the American Petroleum Institute, as the market remained buoyed by...
News

T&T state-owned oil and gas firm exposes recruitment racket, police alerted

OilNOW -
Trinidad & Tobago’s state-owned oil and gas firm, Heritage Petroleum Company Limited, said on Tuesday it has been informed that individuals and their organizations are hosting false recruitment orientations and falsely promising employment at the company. Heritage said these individuals...
News

Upstart oil producer Guyana turning heads, poised to eat up market share

OilNOW -
Producing oil in Guyana cost less than almost anywhere else in the world and this makes the South American country an extremely attractive investment destination for deepwater explorers. Many factors play a role in the production cost for a...
News

Petrobras to bag whopping $6.5 billion for investments in Brazil oil fields

OilNOW -
(S&P Global Platts) Brazilian state-led oil company Petrobras will be reimbursed around $6.5 billion for investments it made to develop the Atapu and Sepia subsalt fields in the transfer-of-rights area in an agreement to clarify terms ahead of a...
News

Saipem to proceed with US$350 million work scope for world’s largest liquefied natural gas company

OilNOW -
Italian multinational oilfield services company Saipem said Tuesday it has received confirmation from Qatargas for the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project, the award of which was communicated...
News

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

OilNOW -
The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber of Commerce (CGCC). The Chamber says this is the ideal time for foreign businesses to...
News

For Guyana, retaining the resource-rich Essequibo region ‘is a life-or-death matter’ – Ivelaw Griffith

OilNOW -
Ivelaw Lloyd Griffith, former Vice Chancellor of the University of Guyana and Senior Associate with the Center for Strategic and International Studies says a great deal is riding on the outcome of the border controversy between Guyana and Venezuela,...
News

Total, CNOOC enter agreements with Uganda and Tanzania for $3.5 billion pipeline

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(Reuters) -Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. France’s Total and China’s...
Exploration

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

OilNOW -
Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and Tobago confirms a liquids rich natural gas discovery. Touchstone has an 80 percent operating working...
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Guyana's Oil LedgerKemol King -

Yellowtail produced 134,000 b/d in September

Oil production at ExxonMobil's Yellowtail development offshore Guyana averaged 134,000 barrels per day (b/d), increasing from 75,000 b/d in...

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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