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Mega oil discoveries in Guyana fueling hope across the region

OilNOW -
From the Dutch-speaking shores of Suriname to the island nations in the Caribbean Sea, mega oil discoveries in Guyana is fueling renewed hope for crude across the region. Norway-based Rystad Energy says the industry has high hopes after the prolific...
News

Bourbon Rhode mishap: no trace of life detected in 10 days

OilNOW -
Following the report of a possible distress flare on the night of Sunday, October 6, the CROSS French West Indies-Guyana (Regional Operational Centre for Surveillance and Rescue) dispatched 4 ships to search the area, with the support of an...
News

Total targeting Guyana for new reserve additions

OilNOW -
The South American country of Guyana is one of several prospective locations French oil major Total is targeting for the addition of new reserves to its portfolio. Industry analyst Wood Mackenzie says the company’s portfolio is diversified across different resource...
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Guyana social security body receives over GY$500 million from O&G sector in H1 2019

OilNOW -
Companies in Guyana’s emerging oil and gas sector have contributed over GY$500 million to the National Insurance Scheme (NIS) – a social security organization - for the first half of 2019. This is according to General Manager Holly Greaves, who...
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Brazil’s latest licensing round sets new record

OilNOW -
Speaking after Brazil's Licensing Round 16 on Thursday, Juliana Miguez, from Wood Mackenzie’s Latin America upstream, said the round has set a record – the BRL 8.9 billion (US$2.2 billion) - in signature bonuses, the highest yet for a...
Exploration

SBM close to deal with Chinese yard for FPSO hull

OilNOW -
Dutch floater specialist SBM Offshore could be close to an agreement with Chinese yard China Merchant Heavy Industry (CMHI) for construction of another new hull for a floating production, storage and offloading vessel (FPSO) under its Fast4Ward® design, according...
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Guyana President cautious on cash payouts, finance minister says proposal ‘doesn’t add up’

OilNOW -
Discussion in the South American country of Guyana on whether or not a portion of coming oil revenue should be transferred directly to households continues to take centre stage with the country’s president and finance minister, while not ruling...
News

Guyana, Qatar to boost partnership in O&G, trade and education

OilNOW -
President of Guyana David Granger on Wednesday said that the South American country is keen on cooperating with Qatar not only on building oil and gas capacity but also on realising trade and education opportunities. The president was at the...
News

Guyana is number 2 in the world for discovered resources to date in 2019 – Rystad Energy

OilNOW -
Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made globally, with Russia topping the charts at number 1. Oil and gas companies have discovered 7.7...
News

Avoid white elephants, bad spending and address the people’s needs – IMF urges Guyana

OilNOW -
Guyana, as a newcomer to the league of oil producing nations, is in a unique position to learn from and avoid the many mistakes which have been made by other resource-rich countries and to emulate best practices for effectively...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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