News

News

Guyana oil production could’ve started in 2024 – Liam Mallon

OilNOW -
Average industry performance would’ve seen Guyana becoming an oil producing nation until almost the middle of the decade if efforts to safely fast-track the Liza Phase 1 Development were not made by stakeholders. Speaking to a room filled with guests...
News

Global exploration poised for upswing as operators flock to licensing rounds

OilNOW -
The past year showed a significant increase in licensing activity with a large number of lease rounds announced and the number of awarded licensing rounds rising for the third year in a row. The Mediterranean region was the hotspot,...
News

Extreme cold in Western Canada disrupts oil production, refining

OilNOW -
(Reuters) - Canadian oil producers and refiners have cut processing rates this week as extreme cold weather grips Western Canada, traders familiar with the matter said on Friday. Cold weather has spread across western Canada this week. In Edmonton, the...
News

Tanker to soon lift first one million barrels of oil from Stabroek Block

OilNOW -
The Yannis P – a Marshall Islands registered crude oil tanker will soon lift the first one million barrels of crude from the Stabroek Block offshore Guyana. Production in Guyana commenced on December 20, 2019, less than five years after...
News

Tullow Oil not likely to drill any Guyana wells this year

OilNOW -
UK-based Tullow Oil, reeling from disappointing results from its offshore campaigns in the South American country of Guyana, may not drill anymore wells there this year. The company said exploration write-offs of approximately $1.5 billion dollars include the Jethro, Joe...
News

Dozens gather in Georgetown for first glimpse of ‘light sweet’ Liza Crude

OilNOW -
Guyanese onshore will now have an opportunity to see first-hand a sample of the black gold being produced 120 miles off of its coast that is set to change the course of the South American country’s history. The Department of...
News

“Don’t spend money you don’t have’ warns oil expert

OilNOW -
Guyana, now poised to be the biggest per capita oil producer in the world in coming years, has a unique opportunity having now entered the oil and gas industry, to learn from the multitude of mistakes made by other...
News

OPEC names Guyana in ‘growing supply threat from rivals’ forecast

OilNOW -
The Organization of Petroleum Exporting Countries (OPEC) in its latest forecast points to a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices. In...
News

Brazil’s Petrobras closes $1.5 billion deal to sell stake in African joint venture

OilNOW -
(Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of a 50% stake in Petrobras Oil & Gas BV (PO&GBV), which holds some Nigerian oil...
News

First sample of Liza crude tested by Guyanese technician

OilNOW -
The first drop of oil to be taken from the Liza field was received and tested by a young Guyanese technician on board the country’s first floating oil production complex spread moored at the 6.6 million acres Stabroek Block. For...
1...721722723...982Page 722 of 982

Latest News

NewsOilNOW -

Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for...

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.

Quick Access

Company Info

Social Networks