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Young Guyanese looking forward with anticipation to working on country’s first oil production vessel

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Spread moored around 120 miles offshore Guyana, the Liza Destiny FPSO will soon receive another batch of Guyanese who will be embarking on their first stint offshore to undergo on-the-job training as operations and maintenance (O&M) technicians, having recently...
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Oil jumps above $41 as storm hits U.S. output, inventories drop

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Oil rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased. More than a quarter of U.S. offshore output was shut on...
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SBM Offshore plans to put more Guyanese on FPSOs and in shorebase offices – Michiel Heuven

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SBM Offshore is looking to increase its local workforce and build the capacity of Guyanese to take up more leadership positions in its operations in the new oil producing South American country. This is according to the company’s Head...
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ExxonMobil expects ‘significant progress’ on gas to shore project in the coming year, says benefits are clear for Guyana

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The newly elected Guyana government has affirmed its position on a gas to shore project, committing to developing a natural gas power generation facility in order to cut the country’s energy cost by some 60 percent; and ExxonMobil Guyana says...
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Guyana is a core investment priority, ExxonMobil affirms at CARIVS Summit

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President of ExxonMobil Guyana, Alistair Routledge on Tuesday reaffirmed the company’s commitment to the South American nation as two major oil discoveries last week boosted the oil giant’s flourishing portfolio in the prolific Stabroek block. Addressing attendees at the first...
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SBM Offshore in talks for giant Brazil FPSO

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Dutch floater specialist SBM Offshore has entered negotiations with Petrobras for a charter contract for the FPSO Almirante Tamandaré. The vessel will operate in the Buzios field in the Santos basin, offshore Brazil. SBM Offshore said Tuesday the anticipated production capacity of...
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Pompeo’s visit to Guyana and region in defense of democracy, strengthening security against regional threats – U.S. Dept. of State

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U.S. Secretary of State Michael R. Pompeo will travel to Paramaribo, Suriname; Georgetown, Guyana; Boa Vista, Brazil; Bogota, Colombia; and Plano, Texas, from September 17-20, 2020.  The Department of State said Tuesday this trip will highlight the United States’ commitment to defend democracy,...
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ExxonMobil Geologists anxious over results of deepest Guyana well ever drilled – Routledge

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US oil major ExxonMobil is paying keen attention to the drill campaign currently underway at Tanager-1 – the deepest well the company has ever drilled offshore Guyana. “Our Tanager well, which we started drilling in August, is unique and exciting,”...
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Guyana’s O&G opportunities take centre stage as CARIVS opens

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The growing opportunities in Guyana’s oil and gas sector took the spotlight on Tuesday as the inaugural ‘Caribbean Virtual Oil and Gas Summit’ (CARIVS) got underway. The three-day virtual event which also features an exhibition - CARIVS 2020 - was...
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Oil will fuel massive FDI inflows to Guyana this decade – Bobby Gossai Jr.

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Guyanese economist Bobby Gossai Jr. said that with the expected growth in offshore activity there will be an increased need for supply vessels and shore base capacity which means more investment dollars will flow into the new South American...
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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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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