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Tullow set to spud first well offshore oil-rich Guyana within weeks

OilNOW -
UK-based Tullow Oil and its joint venture partners will spud their first well at the Orinduik Block offshore Guyana just miles away from the multi-billion barrel Stabroek Block where US oil major ExxonMobil has to date made a record...
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Stena Forth en route to Guyana for Orinduik drill campaign

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said on Monday the Stena Forth drillship has been mobilized and is now en route to Guyana from West Africa where it has been operating for Tullow Oil. The drillship is expected to...
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Liza Unity hull launched at China shipyard

OilNOW -
Chinese shipyard Shanghai Waigaoqiao Shipbuilding has launched the world’s first floating production, storage and offloading vessel built under SBM Offshore’s Fast4Ward design for phase 2 of the Liza Development offshore Guyana. On June 8, the Liza Unity, built by Waigaoqiao...
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Former minister says oil blocks awarded legally; calls probe ‘election propaganda issue’

OilNOW -
Former Guyanese Minister of Natural Resources and the Environment, Robert Persaud, said he refuses to be dragged into what he called an election propaganda campaign in the ongoing issue surrounding a probe by the State Asset Recovery Agency (SARA)...
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From brown sugar to black gold; a new beginning

OilNOW -
With the fall of Guyana’s sugar industry and the closure of four sugar estates, over 5000 employees of the Guyana Sugar Corporation (GuySuCo) were laid off, with many of them left in a state of uncertainty as to their...
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Guyanese energy market outlook and the new philosophy

Bobby Gossai, Jr. -
The laissez-faire economic philosophy and the increasing dissatisfaction with the performance of public enterprises can lead to the explicit attempt to opt for a market solution which will abandon the main features of the current “energy policy”. Hence, there...
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Former Guyana President calls oil blocks probe a ‘shakedown’

OilNOW -
Former President and Opposition Leader of Guyana, Bharrat Jagdeo, says he is not opposed to an investigation into the distribution of oil blocks offshore the South American country, however, he is calling for this investigation to be conducted independent...
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US oil output poised to set yet another record in 2019 – Rystad Energy

OilNOW -
US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Rystad Energy is raising its forecast for US crude output to 13.4 million...
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Brazil facing offshore gas constraint issues

OilNOW -
Brazil urgently needs investment in offshore pipelines and onshore processing facilities to develop its offshore gas resources, according to Wood Mackenzie. The consultant expects the country to deliver close to 5 MMb/d of oil in the late 2020s, with more...
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Britain, Guyana reaffirm friendship as South American country preps for oil windfall

OilNOW -
Guyana’s President, David Granger, on Thursday said the United Kingdom remains a strategic partner of Guyana, noting that the relationship between the two countries has provided valuable assistance to Guyana in numerous fields. The President was at the time speaking...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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