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President ramps up call for investment in pursuit of Guyana’s prosperity

OilNOW -
Guyana’s President, Dr. Irfaan Ali has reiterated his position that both foreign and domestic investment are pivotal to the country’s development and success and stressed that without this, the country’s resources are useless to its people. During his address at...
News

Guyana to become energy epicentre of Western Hemisphere – President Ali

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Given the resource development model his government intends to roll out, President of Guyana, Dr. Mohamed Irfaan Ali, confidently asserted today that Guyana will no doubt emerge as the economic and energy epicentre of the Western Hemisphere. The Head of...
News

Stena DrillMAX to spud Sapote-1 later this year, drilling at Jabillo to continue in May

OilNOW -
Oil exploration at the Canje Block offshore Guyana is moving into high gear with drilling at one well already completed, another underway and a third to be targeted later this year in what analysts say is a major foray...
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Guyana preparing to produce billions of barrels of crude as global supply capacity set to erode

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Paris based International Energy Agency (IEA) said in its Oil 2021 report that the industry's spare capacity supply cushion will slowly erode in the absence of fresh upstream investments, shrinking to its lowest since 2016. The growth in supply, IEA...
Exploration

Guyana discoveries redefining Caribbean region’s oil potential – Dr. Anthony Bryan

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With 18 discoveries offshore Guyana equating to nine billion barrels of recoverable oil resources, the record-making results of oil exploration in the South American country has resulted in the re-examination of the Caribbean region as an oil-rich area. This is...
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Major milestone reached as topsides lifting campaign for Liza Unity FPSO completed

OilNOW -
The topsides lifting campaign for the Liza Unity FPSO was recently completed and a major project milestone was achieved. Dutch floater specialist, SBM Offshore said on Tuesday thanks to the efforts of the integrated team, over 26,000 tons of topsides...
News

Orinduik block licence renewed, explorers gunning for light sweet oil prospects

OilNOW -
The joint venture partners at Guyana’s Orinduik Block have successfully entered into the First Renewal Period of the Orinduik Petroleum Prospecting Licence initially signed on January 14, 2016 with the Government of Guyana with the associated notice having now...
News

Guyanese businesses can now acquire API world-class certification through CLBD

OilNOW -
The Centre for Local Business Development has signed a Memorandum of Understanding (MoU) with the American Petroleum Institute, paving the way for ISO 9001 certified companies in Guyana to expand their training and acquire certification for the manufacturing of...
News

Guyana drilling operations being closely watched, success welcomed across industry

OilNOW -
After a year of significantly reduced activity in oil and gas operations, production shut-ins and a major decline in investments brought on by the pandemic, deepwater success in places such as Guyana will provide its own shot in the...
News

Stabroek block co-venturer CNOOC begins production at Chinese oilfield

OilNOW -
CNOOC Limited announced on Monday that Caofeidian 6-4 oilfield has commenced production. Caofeidian 6-4 oilfield is located in the Midwest of Bohai, with average water depth of about 20 meters. “In addition to fully utilizing the existing processing facilities of Nanpu 35-2...
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Chinese engineering giants among 12 groups vying to build natural gas facility in Guyana

Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage...

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