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Chamber to launch Business Directory on Day 1 of GIPEX

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) will be moving to launch its Business Directory on the evening of the first day of the Guyana International Petroleum Exhibition and Summit (GIPEX) set to take place on November 20...
News

Venezuela is secretly exporting millions of barrels of oil

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(Bloomberg) -- The Dragon, a massive oil tanker flying the Liberian flag, is supposed to be floating somewhere off the coast of France, according to its last GPS signal. Instead, it’s currently thousands of miles away in Venezuela where, under...
News

Saipem clinches subsea contract for Payara project

OilNOW -
ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded a subsea contract to Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana, at a water depth of around 2000 metres. Saipem said on...
News

Orinduik explorers remain confident of Guyana prospects – gunning for ‘lighter oil’

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While analysis of Tullow Oil’s recent discoveries at the Orinduik Block offshore Guyana has proven to be disappointing, the Joint Venture Partners remain confident of prospects offshore the South American country and will be updating their modelling to guide...
News

Maersk enters new contract with Shell for 2-well project offshore Trinidad & Tobago

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Maersk has announced that it has entered into contract with BG International Ltd., a subsidiary of Shell, for work offshore Trinidad and Tobago on a two-well development project for the semi-submersible rig Mærsk Developer. The Energy Chamber of Trinidad and...
News

Tullow stock sinks on quality concern over Guyana crude

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(Bloomberg) - Tullow Oil stock fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in Guyana. The stock sank as much as 23% on the news that crude from two wells...
News

Gas could be piped to shore by 2023 to power Guyana’s domestic needs

OilNOW -
Associated gas deposits which have been found with the significant oil discoveries made offshore Guyana could be piped to shore as early as 2023 to help generate electricity to fulfil the South American country’s domestic needs. While the priority, as...
News

Civil society bodies willing to support interim oversight O&G mechanism

OilNOW -
Policy Forum Guyana is among a group of civil society bodies calling for the establishment of an interim monitoring mechanism for the oil and gas sector in light of the recently announced plans for early production and as a...
Exploration

After peaking in 2020 offshore oil will face slowdown

OilNOW -
(Bloomberg) Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions. A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico...
News

All eyes on multi-billion-barrel Atlantic Margin play

OilNOW -
Geologists and experts in the oil and gas industry have long been intrigued with similarities between the MSGBC Basin - Mauritania, Senegal, The Gambia, Guinea Bissau and Guinea Conakry, off the coast of West Africa and that of the...
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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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