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‘Level of negativity to oil industry in Guyana has always surprised me’ – Ramnarine

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Trinidad and Tobago’s (T&T) former Minister of Energy and Energy Affairs, Kevin Ramnarine, says he has been visiting Guyana frequently over the last five years and the one key thing that has always surprised him is the level of...
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Bourbon mobilizing 3 more vessels for major Guyana deepwater operations

OilNOW -
Marine Services provider, Bourbon Offshore, is mobilizing three more vessels for its operations offshore the new oil producing country of Guyana. “We now have two on long term contracts with the major operator, and with these three with a...
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Robots could replace hundreds of thousands of oil and gas jobs, save billions in drilling costs by 2030 – Rystad Energy

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Even when the pandemic downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better equipped to withstand future market declines. In a report that looked into the adoption of robotics...
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Maduro wants to pay for coronavirus vaccines with oil

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(Reuters) - Venezuelan President Nicolas Maduro on Sunday proposed paying for vaccines against the novel coronavirus with oil, though he provided few details about how such a scheme would work. The crisis-stricken OPEC nation’s crude exports have plummeted to their...
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Crude oil futures edge higher, Brent pushes past $65

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(S&P Global Platts) Crude oil futures edged higher during mid-morning trade in Asia March 30 as optimism over the OPEC+ coalition persisting with its supply cuts and expectations of increased downstream products demand supported the market, although a stronger...
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Boskalis refloats giant container ship, unblocks Suez Canal

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Boskalis announces the successful salvage operation of the grounded 20,000 TEU container vessel Ever Given in the Suez Canal. With a length of 400 meters and a width of nearly 60 meters this giant ship had been wedged in this...
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World’s ‘second worse gas flaring nation’ now looking to develop gas to boost electricity supply

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(S&P Global Platts) Iraq and French oil major Total agreed to jointly work on developing four associated gas and solar power projects, the country's oil ministry said March 29, as OPEC's second largest producer seeks to reduce dependence on...
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Cost of gas to power project will be ‘very small percentage’ of Stabroek Block ‘cost pool’ – Ramnarine

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The estimated US$600 million to US$800 million cost to run a gas pipeline from the Liza field to shore in Guyana will not make much of a difference to the overall economics of the Stabroek Block. So says former...
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Cash flow bonanza for upstream industry in 2021, Guyana remains advantaged

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The year 2021 has started out on a positive note for oil and gas companies – in fact, this might be the best year yet in terms of generating cash for the industry, Rystad Energy said in a report....
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Massive container ship partially refloated in Suez Canal

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(Aljazeera) Ever Given, the massive container ship blocking Egypt’s Suez Canal for nearly a week, has been partially refloated, the Suez Canal Authority (SCA) said, raising hopes the busy waterway will soon be reopened. Monday’s move comes a week after...
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Guyana government sets firm January 2026 deadlines for local content approvals

The Ministry of Natural Resources has announced a new fixed timeline for reviewing and approving local content certification applications....

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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