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New Cabinet in place as Guyana government prepares for oil transformation

OilNOW -
Nineteen persons were sworn in as ministers on Wednesday by newly elected Guyanese President, Irfaan Ali, who said the combination of youth and experience in his new Cabinet will take the South American country to its next level of...
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‘Tremendous work ahead’ for new government in safeguarding Guyana’s oil riches – Ramnarine

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Former Energy Minister for Trinidad and Tobago, Kevin Ramnarine, is of the firm opinion that the finality of the five-month long 2020 polls represents an important day for democracy in Guyana as well as the new PPP/C Government. But...
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Noble Sam Croft to join ExxonMobil fleet of drillships offshore Guyana

OilNOW -
ExxonMobil has awarded a new 6-month contract to the drillship Noble Sam Croft for operations offshore Guyana, where the company has so far found more than 8 billion barrels of oil equivalent resources. “In early August, ExxonMobil awarded the drillship Noble...
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Oil hits 5-month high just days ahead of Guyana’s 3rd lift

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Just days ahead of Guyana lifting its third million-barrel oil cargo, Reuters said in a report on Wednesday oil prices rose to their highest since early March after U.S. crude inventories fell sharply and the dollar weakened. However, mounting...
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ExxonMobil to ease shut-ins to 200,000 boe/d in Q3 on recovering demand

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(S&P Global Platts ) ExxonMobil aims to ease global oil and gas production shut-ins by about 40% to 200,000 b/d of oil equivalent as demand for transportation fuels slowly recovers from a second-quarter plunge. About 70% of the shut-ins expected...
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Saipem in ground-breaking agreement for deep-seabed mining

OilNOW -
Fincantieri and Saipem have signed a Memorandum of Understanding (MoU) to promote the development of deep-seabed mining (DSM), i.e. the sustainable exploitation of deep-sea floors over 3,000 metres in depth. This agreement sets the ground for a strategic partnership...
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Suriname’s Block 58 could hold 6.5 billion barrels of oil – Morgan Stanley

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US multinational investment bank and financial services company Morgan Stanley says its modelling of Suriname’s Block 58 shows that it contains a potential 6.5 billion barrels of oil equivalent resources which can be developed across seven phases with first...
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Oil tanker SKS SPEY will lift Guyana’s 3rd million-barrel oil cargo this weekend

OilNOW -
Norwegian flag-carrier SKS SPEY will lift the third million-barrel oil cargo for Guyana this weekend. OilNOW understands the vessel is in a waiting area ahead of lifting the crude from the Liza Destiny FPSO. Guyana lifted its first million-barrel entitlement...
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Drill campaign for Liza phase 2 development continues

OilNOW -
ExxonMobil, operator at the Stabroek Block offshore Guyana, is moving forward with its development drilling operations for phase 2 of the Liza project. The Noble Tom Madden and Bob Douglas are currently drilling development wells just over 100 nautical miles...
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ExxonMobil rips up $30B growth plan

OilNOW -
(Bloomberg) -- Exxon Mobil Corp. is ripping up its debt-fueled, $30 billion-a-year plan to rebuild an aging worldwide portfolio after cash flow evaporated and threatened the company’s vaunted dividend. The shift by the Western world’s premier oil explorer represents an...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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