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Hundreds of Guyanese businesses accessing CLBD’s online training courses

OilNOW -
Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre for Local Business Development (CLBD) as COVID-19 restrictions continue to prevent indoor sessions from being conducted. Since its establishment in 2017,...
News

World will still rely on oil and gas for much of its energy needs beyond 2040 – WoodMac Analysts

OilNOW -
In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global temperatures to below 2 degrees Celsius by 2040, countries have begun the transition to renewable forms of energy. In the...
News

Guyana remains cautious of Dutch disease even as oil takes GDP to an “impressive” 5.4 percent

OilNOW -
Following its latest assessment of the economy’s performance for the year 2019, the Government of Guyana has stated in its End of Year Outcome Report that the country’s Gross Domestic Product (GDP) grew to an “impressive” 5.4 percent. The...
Exploration

High performance from Guyana as 2020 half-year discoveries hit lowest in 100 years

OilNOW -
Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020 with Guyana among just a few countries that recorded success during the period. Rystad Energy says this represents the...
News

‘The worst is behind us’: Analysts see continued recovery for global oil markets

OilNOW -
After reaching historic lows in April, global oil prices could continue to chop higher in the coming months as COVID-19 shelter-in-place restrictions begin to lift, S&P Global Platts said in a recent report . Speaking at the Global Executive Petroleum...
News

Maersk Drilling bags exploration contract for one-well campaign in Suriname

OilNOW -
Maersk Drilling has secured a contract for the semi-submersible rig Mærsk Developer which will be employed by PETRONAS Suriname Exploration & Production B.V. for a one-well exploration campaign in Block 52 offshore Suriname. The contract is expected to commence in...
News

Crane Worldwide Logistics collaborates with SBM Offshore to ship PPE supplies to Guyana

OilNOW -
Crane Worldwide Logistics (CWW) has collaborated with SBM Offshore to ship several thousand gloves and masks to the South American country of Guyana to aid in the national COVID-19 response measures. The Personal Protective Equipment (PPE) was shipped via the...
News

Guyana makes historic presentation to ICJ over border controversy with Venezuela

OilNOW -
A battery of international lawyers with key support from Sir Shridath Ramphal presented Guyana’s case to the International Court of Justice (ICJ) on Tuesday to show why that august body has jurisdiction to hear the case over the border...
News

Brazil’s Petrobras says Buzios oil field achieved a new daily production record in June

OilNOW -
(Reuters) - Brazil’s Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totalling 664,000 bpd and 822,000 boed. The oil...
News

Shell’s US$22 billion write down ‘signals fundamental change’ – WoodMac

OilNOW -
Speaking after Shell announced impairments of up to US$22 billion to its portfolio, Angus Rodger, a director with Wood Mackenzie’s upstream research team, said, “The major oil companies are going through a process of reassessing long-term oil price assumptions...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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