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Guyana, Caribbean agencies monitoring Venezuelan oil tanker on verge of sinking near Trinidad & Tobago

OilNOW -
The Civil Defence Commission (CDC) in Guyana and the Caribbean Disaster Emergency Management Authority (CDEMA) are closely monitoring a Venezuelan-flagged tanker anchored in the Gulf of Paria near Trinidad and Tobago, which is under threat of spilling 1.3 million...
News

Guyana will be lifting 4th oil cargo as second pandemic wave threatens demand

OilNOW -
Oil prices continued to slide on Tuesday as concerns grow about the resurgence of coronavirus cases around the world which could stymie a recovery in oil demand just when Guyana is preparing to export its 4th 1-million-barrel of Liza...
Exploration

Guyana production set to hit 1.4 million b/d in mid-2030s with potential for even higher output

OilNOW -
Oil production in Guyana is expected to rapidly increase in the coming years as more developments are sanctioned, and floating production storage and offloading units (FPSO) come online.  Norway-based Rystad Energy expects this output to hit peak in the...
News

Halliburton hangs profitability on international growth, leaner US operations

OilNOW -
(S&P Global) Halliburton is looking to expand its international market presence while maintaining a leaner North American business, President and CEO Jeffrey Miller said during a third quarter earnings call Oct. 19. Miller said the company's international operations, which drove...
News

Flaring was the safer alternative, says Colorado School of Mines Professor

OilNOW -
The decision to flare the associated gas from the offshore oil production operations in Guyana was the most practical option available when challenges were encountered with the reinjection system on the Liza Destiny FPSO. The alternative could have been...
News

LNG company targets big benefits from Guyana’s gas-to-power plan

OilNOW -
A pioneering Liquefied Natural Gas (LNG) distribution company in Guyana is positioning itself to reap substantial benefits from the planned gas to shore project which authorities in the South American county are looking to have operational over the next...
News

Small companies often farm-out acreage to raise capital

OilNOW -
As interest mounts about the nature of farm-in agreements in South America’s newest oil and gas hotspot – Guyana - OilNOW takes a look this week at what the term means, why it is used and to what extent...
News

Canada offering ‘world-class expertise’ to Guyana in major development drive

OilNOW -
As Guyana’s prospects continue to improve with the discovery of over 8 billion barrels of oil equivalent resources and start of oil production last December, investors and foreign interests are increasing–the latest being the Canadian Commercial Corporation (CCC). The CCC,...
News

Schlumberger posts third straight quarterly loss as oil rout hits services demand

OilNOW -
Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year’s slump in oil demand and prices due to the COVID-19 pandemic cut demand for its services. The company kicked off earnings from hard-hit...
News

New exploration wells, multiple appraisal drilling for Guyana offshore – Rystad Energy

OilNOW -
Even as the world buckles from the impact of the global pandemic, oil exploration and production operations continue at full speed in the South American country of Guyana where in recent weeks there has also been an uptick in...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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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