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After seizing assets from Exxon & ConocoPhillips, Maduro now says Venezuela open to oil investments

OilNOW -
(Bloomberg) --Inside a chic lounge, oil lobbyists and executives rub shoulders as Spanish, French and Italian can be heard in the halls. This isn’t the ZaZa boutique hotel in Houston, where global energy top brass like to stay. It’s...
News

Siemens awarded EPC contract for South America FPSO

OilNOW -
Siemens Energy said Friday it was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression...
News

Infrastructure to support Guyana oil industry being aggressively pursued, official tells summit

OilNOW -
While Guyana’s offshore oil and gas industry rapidly expands, infrastructure will have to be developed onshore to support the activities in the industry. Participants at the Guyana Basins Summit were told this week that the Guyana government is pursuing...
News

Guyanese taxpayers will have to foot the bill for any inefficiencies triggered by local content rules – Floyd Haynes

OilNOW -
Forcing oil and gas companies to utilise local firms that do not yet possess the necessary skills and capacity will cost Guyana in the long run. Professor and Member of the country’s Local Content Panel, Floyd Haynes, recently shared...
News

Trinidad LNG industry in decline as Guyana eyes pipeline, regional export potential

OilNOW -
Trinidad and Tobago (TT) is one of the region’s largest producers and suppliers of Liquified Natural Gas (LNG), however, the twin-island republic has been experiencing a steady decline over the years. Now, analysts are reporting a more worrying future...
News

Gas pipeline will bring major economic, environmental and social benefits to Guyana – Ramnarine

OilNOW -
When the new administration in Guyana announced last year that it was moving ahead with the planned gas-to-shore project that would be underpinned by the Liza Phase 1 Development at the Stabroek Block, some stakeholders asked - can it...
Exploration

Oil remains biggest prize as 2021 set to see lowest number of wells targeting gas in a decade – Westwood Energy

OilNOW -
Even though the world is witnessing an unprecedented increase in efforts to transition to cleaner sources of energy starting with natural gas, there is still very little evidence of explorers going after this resource for 2021. This is according...
News

Development of mega Guyana-Suriname shore base facility must be pursued – Staatsolie boss

OilNOW -
With Guyana and Suriname poised for significant expansion in their offshore oil exploration and production activities, the need for adequate shore base facilities will become more pressing and therefore needs to be urgently addressed. This point was raised on...
News

Guyana government in discussion with oil company on deepwater harbour project

OilNOW -
The Guyana government has commenced discussions on the much-anticipated deepwater harbour being developed in Berbice by an oil and gas operator. Minister within the Ministry of Public Infrastructure, Deodat Indar, during a Globespan24X7 interview on March 15, disclosed that...
News

Petroleum Commission to be in place by year-end – Natural Resources Minister

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat has assured that Guyana can look forward to having a fully functional Petroleum Commission in place by the end of the year. He said efforts are also being made to ensure robust...
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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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