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Payara will be delayed by a year – Platts analyst

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An analyst at energy and commodities information company S&P Global Platts anticipates that ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana will be delayed by a year. The Payara development, which is targeting 180,000 to 220,000 barrels of oil...
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In Suriname, the coronavirus pandemic dislodges a once-unmovable strongman

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(World Politics Review) Any doubt that the coronavirus pandemic can transform political realities was erased Monday when one of the world’s most entrenched strongmen was formally swept out of power in the tiny South American nation of Suriname. The...
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The dismantling of the oil industry in Venezuela and the defense of the public sphere

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By Miguel Denis and César Romero (openDemocracy) Venezuela is going through a general collapse of public services, which adds to the problem of hyperinflation, the low wages, and precarious living conditions. This context has motivated frequent protests in many communities...
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Oil prices slip as clouds gather over fuel demand, looser supply curbs

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(Reuters) - Oil prices edged lower on Friday, with trading marked by growing uncertainty about global recovery in fuel demand as new COVID-19 cases surge in several countries just as major producers get set to loosen production curbs. Brent crude...
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Undemocratic leanings pushing Guyana’s risk profile up and harming oil potential

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On Wednesday, the United States of America announced that visa restrictions would be imposed on those individuals who, whether part of or connected to the government, indulged in continued efforts to stymie the conclusion of the 2020, General and...
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Guyana officials hit with US sanctions over democracy concerns

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A more than 4-month delay to the conclusion of its elections and the transfer of government to the opposition party which the results show secured the majority of votes have resulted in the United States announcing Wednesday the imposition...
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Oil giants including Exxon set first joint carbon target

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(Reuters) - A group of the world’s top oil companies including Saudi Aramco, China’s CNPC and Exxon Mobil have for the first time set targets to cut their combined greenhouse gas emissions as a proportion of production, as pressure...
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ExxonMobil ramps up search for more oil at Redtail-1 offshore Guyana

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The drillship Noble Don Taylor will be moving from the Liza Field to the Redtail-1 well site within the prolific Stabroek Block as ExxonMobil continues its search for more oil offshore Guyana. A notice to mariners published in the local...
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Elections impasse puts millions of barrels and billions of dollars on the line for Guyana – Rystad Energy in new report

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Country could lose up to US$1.6 billion from delays in project approvals for Payara-Pacora development Up to 75 million barrels of oil on the line The prolonged delay in concluding the highly contested Guyana elections is becoming...
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Guyana oil field equipment expenditure to hit peak in 2022 on FPSO demand

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The largest component of forecast offshore Oil Field Equipment (OFE) expenditure will be fixed and floating production equipment, totalling $139 billion, bolstered by activity in Latin America, particularly Guyana, where regional expenditure on the floating platform sector is set...
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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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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