News

A Dedication Ceremony was held on Saturday, June 12, 2021, for the giant Liza Unity FPSO that will be developing around 600 million barrels of oil offshore Guyana as part of the Liza Phase 2 Development. https://www.youtube.com/watch?v=CZVUSNdOfKk  

First Lady of Guyana, Arya Ali, officially dedicated the Liza Unity Floating Production Storage and Offloading (FPSO) vessel at a ceremony held at the Cara Lodge Hotel on Saturday, June 12, in the country’s capital, Georgetown. The vessel is...

Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding any commercial hydrocarbons offshore Guyana. The level of uncertainty was so high that U.S. oil...

(Reuters) Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate. Brent was up 85 cents, or 1.2%,...

Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing the US$500 million mark by the end of the year. The country has already exported a...

Guyanese company, Western Logistics, successfully cleared the Bourbon Rhesos in one day upon its arrival in the new oil producing South American country. Bourbon provides marine and logistics as well as subsea services to the global oil and gas...

Guyana’s Minister of Natural Resources, Vickram Bharrat has assured that by the end of this year the government will commence putting into legislation its Local Content Policy. OilNOW understands that following the extended month-long consultations in March, a team from...

Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading...

(Reuters) Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050 and beyond, the outgoing centre-right government said as it presented its long-term energy strategy on Friday. Europe's...

The Guyana government announced on Friday that the payment for the country’s sixth oil lift was deposited into the Natural Resources Fund Account, pushing the total revenues received so far to over US$344 million. According to a statement from the...