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Talks underway on harnessing Guyana-Suriname energy potential for Arco Norte energy corridor

OilNOW -
The establishment of an electricity grid to connect the Arco Norte region of South America has been long in the making, with studies already conducted, but now the conversation has commenced on utilising the energy potential of Guyana and...
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Africa, Americas lighting up deepwater exploration this year

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Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals. The success rate rose to 41% from 32% in 2019...
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Guyana hoping oil revenue will help remove development roadblocks

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The revenues derived from the oil and gas industry are expected to have a transformational effect on Guyana, particularly the standard of living. President Irfaan Ali recently stated during a public forum, that the funds will be instrumental in...
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Staatsolie boss wants Guyana, Suriname to build world-class shore base as oil discoveries grow

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Both Guyana and Suriname are without adequate shore base facilities to support the growing needs of oil companies that continue to ramp up exploration and production activities offshore the two countries. But this state of affairs could change quite...
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“No company will invest where they cannot get the appropriate margin” – Nigeria’s state oil firm

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(Reuters) - Nigeria’s state oil company is renegotiating commercial contract terms with major oil firms, its chief told Reuters, in a move that it hopes will keep investment flowing into a sector crucial for its economy at a time...
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Exxon contractors reveal wide range of procurement opportunities to Guyanese vendors

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As exploration and production activities offshore Guyana continue to expand, so too are the needs of the multiple contractors servicing the oil and gas industry. Over 700 local businesses participated this week in ExxonMobil’s virtual Guyana Supplier Forum where...
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Exxon lowers production levels in Guyana as faulty compressor sent for repairs

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ExxonMobil Guyana said on Friday that a technical team has safely removed the 3rd stage compressor from the package enclosure on the Liza Destiny FPSO and is preparing it for transport onshore. An initial examination determined that the unit has...
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Oil edges closer to $60

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(Bloomberg) -- Oil rose toward $60 a barrel on expectations OPEC+ is committed to restraining global supplies even as the demand outlook improves. Futures in London climbed for a sixth day as they close in on a level last reached...
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Major opportunities coming for Guyanese suppliers to service Saipem fabrication yard

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Italian oilfield services company Saipem will soon commence a search for local vendors to supply goods and services for the operation of its fabrication yard and logistics area that is currently under construction in Guyana. Saipem has been awarded subsea...
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Last offshore development approved in Guyana was one of the brightest lights in oil’s dark year – Westwood

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Updated November 28, 2021 Westwood Energy Group says 2020 will be remembered as one of the most challenging years in the history of the oil and gas sector as oil consumption fell to levels not seen since 2001. At one point,...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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