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US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

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(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...
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Tender reopens to market light sweet Liza Crude

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The Guyana government has moved forward with reopening the tender for marketing the country’s share of the Liza Crude being produced 120 miles offshore at the ExxonMobil Liza Phase 1 Development. In a notice published in the local press, the...
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Oil and gas pushing major investment opportunities in South America’s newest hotspot

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Chief Executive Officer (CEO) of the Guyana Office for Investment, Owen Verwey, says Guyana is now a prime investment destination for oil and gas as well as a wide cross section of industries that make up the country’s diverse...
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Guyana, ExxonMobil discuss offsetting emissions from Payara

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In keeping with Guyana's goal to achieve its climate change targets, Vice President, Dr. Bharrat Jagdeo, said discussions have been held with ExxonMobil about offsetting emissions from Payara, its third offshore development, which is currently being reviewed by a...
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Venezuela’s Maduro thanks Iran for helping oil industry overcome U.S. sanctions

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(Reuters) - Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s...
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Oil industry world records you may not have heard of

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Tallest, biggest, deepest…and craziest Source: Equinor Gigantic platforms, amazing feats of engineering—and the world’s deepest concert, performed by Katie Melua on the seabed. The oil industry is full of world records. Here are some of them: Can you imagine oil rigs...
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U.S. eyes October deadline to end exemptions on Venezuela oil sanctions

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(Reuters) - The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer’s oil, two sources said, as Washington seeks to raise the...
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ExxonMobil remains engaged with Guyana government on proposed gas to shore project

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ExxonMobil remains engaged with the Government of Guyana regarding a proposed project that could see gas from the offshore Liza field being piped to shore. Since discussions on the project resumed just over a week ago with Guyanese authorities,...
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Over eight months in – Guyana producing oil ahead of its time – Francis Kiernan

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US oil major ExxonMobil announced its first world class discovery in May 2015 at the Liza field offshore Guyana. The well encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs and was safely drilled to 17,825...
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SBM Offshore to acquire 75% equity in SBM Installer JV

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Ocean Yield has agreed to sell its 75% equity in the SBM Installer diving support and construction vessel owned by OS Installer Limited which is a joint venture owned 75% by Ocean Yield and 25% by SBM Holding Inc...
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Here’s everything you need to know about ExxonMobil’s proposed Longtail development 

ExxonMobil’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated...

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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