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Finance and Natural Resources for Presidential oversight in Guyana

OilNOW -
The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which the petroleum portfolio falls. In a statement on Monday, the Office of the President said, “In...
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Halliburton, Honeywell collaborate to improve reservoir asset productivity

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Halliburton and Honeywell announced Monday a collaboration to maximize asset potential, reduce execution risk and lower the total cost of ownership for oil and gas operators. The collaboration will leverage Halliburton Landmark’s DecisionSpace® 365 E&P cloud applications and Honeywell Forge,...
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Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

OilNOW -
The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final lift under the current contract the country has with Shell Western Supply and Trading Limited. Brent...
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Guyana stands united on settling Venezuela border controversy at ICJ – President Ali

OilNOW -
President of Guyana Dr. Mohamed Irfaan Ali has committed to safeguarding the sovereignty of the South American oil producing country, noting that all Guyanese stand united on the issue of the integrity of the country’s borders. Speaking at his inauguration...
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CLBD set to host webinar on evolution of Guyana’s safety culture this week

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The Centre for Local Business Development (CLBD) will host a Health, Safety, Security and Environment (HSSE) webinar on the evolution of Guyana’s safety culture this week. The discussion will focus on the evolution of safety standards in Guyana and...
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General Election 2020: Trinidad and Tobago decides today

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(Loop News) Today, eligible electors from all over the country will cast their vote for the next government of Trinidad and Tobago. It has been a brisk but eventful election season, set against the backdrop of a global pandemic and...
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South America’s emerging deepwater oil giants pledge strategic alliance

OilNOW -
Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced on Sunday their intent to strengthen bilateral relations between the two South American countries that will see strategic collaboration in...
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Liza and Kwaskwasi are giants in the prolific Guyana-Suriname basin

OilNOW -
The Guyana-Suriname basin has been the subject of much discussion since US oil major ExxonMobil made its world class Liza discovery in 2015 at the prolific Stabroek Block. Appraisal drilling showed Liza contained 800 million to 1.4 billion barrels...
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Oil giants’ production cuts come to 1 million bpd as they post massive write-downs

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(Reuters) - The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and...
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Brazil doubled oil exports in July

OilNOW -
(MercoPress) Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped in July 2019, according to data released by the Foreign Trade Secretariat, Secex. The volume was the second highest in 2020,...
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Exxon, Guyana push for joint planning on Berbice gas-fed industries

ExxonMobil Guyana Commercial Manager Paul Foster on Tuesday said that there are unique advantages to investing in Guyana, as...

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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