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Company planning to use recycled oil waste for production of bitumen, liquid mud

OilNOW -
Oilfield Waste Management Services (OWMS) plans to construct a thermal desorption waste treatment plant in Guyana to support the growing oil exploration activities offshore the South American country. Recycled oil from the treatment plant will be used in the...
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Exxon says claims relating to valuation of Permian Basin assets ‘demonstrably false’

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U.S oil major ExxonMobil said on Friday that there is no basis for claims made by an alleged whistleblower, and reported by The Wall Street Journal, regarding the valuation of its assets in the Permian Basin. The Journal reported on...
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SBM Offshore gets ‘Best Oil Platform Operations’ award from Brazil’s Petrobras

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Dutch floater specialist SBM Offshore, operator of the Liza Destiny FPSO in Guyana, has received the ‘Best Oil Platform Operations’ award from Brazil’s state oil company, Petrobras. The accolade was given as part of Petrobras’ 2019 best suppliers awards exercise,...
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ExxonMobil comes up dry at Hassa-1 offshore Guyana

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Drilling at the Hassa-1 prospect in the Stabroek block offshore Guyana has failed to encounter hydrocarbon resources, ExxonMobil said on Friday in response to a question from OilNOW. “The Hassa-1 exploration well in the Stabroek block did not encounter hydrocarbons...
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Piping gas to shore brings major benefits, find the right investment balance urges analyst

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The Guyana government is forging ahead with its plan to land a gas pipeline onshore to produce cheaper, cleaner energy and create new economic opportunities for the country of just over 750,000 people. While some have criticized this move,...
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Demand for Guyana’s low-sulphur crude will grow in 2021, expert says

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As the world continues to move towards renewable sources of energy, demand for crude with low-sulphur content will continue to increase, placing producers like Guyana in an advantaged position. That coupled with the low breakeven price to produce oil...
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Giant oil finds in Guyana and Suriname point to major frontier – Brazil Petroleum Studies

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The recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area, Brazil Petroleum Studies (BPS) said in a report published this...
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President rolls out plan for construction of 1000 homes in Guyana mining Town

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President of new oil producing country Guyana, Dr. Irfaan Ali, on Thursday announced that residents of Region 10, a Town best known for its history with bauxite mining, will soon benefit from the construction of 1000 homes. Mr. Ali was...
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J.P Morgan turns positive on ExxonMobil, Wall Street upbeat

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(Reuters) - J.P. Morgan was the latest major U.S. investment bank to turn positive on Exxon Mobil on Wednesday, just months after its removal from the blue-chip Dow Jones Industrial Average capped a catastrophic year for America’s major oil...
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Total, Apache strike oil again offshore Suriname

OilNOW -
Total and Apache Corporation said on Thursday they have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West...
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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring...

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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