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Schlumberger one step closer to setting up US$750,000 storage, calibration facility in Guyana

OilNOW -
Oilfield Services Company Schlumberger is one step closer to setting up a source storage and calibration facility in Guyana to support the offshore exploration and production activities in the South American country. The company had submitted an application to the...
News

Frontera loans CGX US$19M to cover costs for Guyana projects

OilNOW -
Frontera Energy Corporation has disclosed that it loaned its joint venture partner, CGX Energy Inc., US$19 million so that it would be able to cover its share of the costs related to the Corentyne, Demerara, and Berbice blocks; the...
News

Drilling company operating offshore Guyana completes major acquisition

OilNOW -
Noble Corporation announced Friday the completion of its acquisition of Pacific Drilling Company LLC, effective on April 15, 2021. Noble said Pacific Drilling's high specification ultra-deepwater drillship fleet further enhances its global position as an owner and operator of one...
Exploration

Time to act is now for Latin America oil producers, newcomer Guyana in position to soar

OilNOW -
Countries around the world including those in the Latin America and Caribbean region are taking measures to ramp up oil and gas production knowing that the window is closing for development of these resources at prices that would make...
News

Thousands of individuals, local companies gaining from capacity building, training for oil and gas opportunities

OilNOW -
More local companies are registering on the Centre for Local Business Development’s Supplier Registration Portal and benefitting from training and capacity building being provided by the Centre. “To date, over 2900 Guyanese companies have registered on the Centre’s Supplier Registration...
News

Guyana using its foreign policy to strengthen relationship with old allies, build new partnerships with oil producing nations

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By Wazim Mowla - OilNOW While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a tool to compete with others, Guyana’s has centered on promoting its economic development at home....
Exploration

Total puts brakes on drilling operations at South Africa block

OilNOW -
(Reuters) - French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed. The delay is...
News

Overwhelming offshore demand sees Guyana Shore Base looking to extend southwards

OilNOW -
Just in the first quarter of this year, two additional drill ships – Noble Sam Croft and Stena DrillMAX - have been added to the ExxonMobil fleet, bringing the total to six operating offshore Guyana. These vessels along with...
News

Government ‘highly disappointed’ over gas compressor issue, examining implications of revenue loss

OilNOW -
The Guyana government said on Wednesday it was ‘highly disappointed’ with ExxonMobil’s inability to resolve ongoing issues with the flash gas compressor system on the Liza Destiny FPSO which on three occasions since oil production began in December 2019,...
Exploration

Major expansion works at Guyana Shore Base set to pull more projects from T&T

OilNOW -
Just under six years since its first oil discovery and around 16 months since production began, shore base capabilities in Guyana to service the offshore operations are rapidly growing resulting in an increasing number of projects being moved from...
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Stories Beyond the BarrelShikema Dey -

From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics...

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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