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TMC secures FPSO compressor job for Liza Destiny

OilNOW -
Dutch floater specialist SBM Offshore has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system for the FPSO Liza Destiny that will bring first oil for Guyana. Under the contract, TMC will provide...
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Ten applications for oil blocks pending

OilNOW -
Around ten applications for oil blocks in Guyana are currently sitting with authorities but no firm decision on the issuance of new licenses has been made yet. OilNOW was told by Minister of Natural Resources Raphael Trotman that no decision...
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High-level caucus on petroleum set for today

OilNOW -
Guyana’s Ministry of Natural Resources (MNR) has organised a high-level caucus for Cabinet Ministers to engage global thinkers and experts on natural resource management as part of the Government of Guyana's agenda to prepare for petroleum production in 2020,...
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Iraq weighs building an island to boost oil-exporting capacity

OilNOW -
OPEC’s second-biggest producer is ramping up efforts to expand capacity to pump and export oil, with plans that include the injection of seawater into crude deposits and the construction of export facilities on a man-made island in the Persian...
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US bans transactions with Venezuela’s petro cryptocurrency

OilNOW -
President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in...
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We need oil partners with clout and bravery in face of territorial aggression – Trotman

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Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
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Trump’s offshore oil plan will struggle to lure rigs from Guyana

OilNOW -
The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...
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‘Netflix for Oil’ setting stage for $1 trillion battle over data

OilNOW -
(Bloomberg) A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never...
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Saipem in hunt for manpower agency, medical services provider in Guyana

OilNOW -
SURF contractor for the Liza Phase 1 development offshore Guyana - Saipem - is in search of a manpower agency and medical services provider for its operations in the South American country. Saipem America Guyana Branch posted a notice inviting...
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Presidential oversight of oil in Guyana’s best interest – Trotman

OilNOW -
Guyana’s move towards becoming an oil producer will have a profound socio-economic, cultural and political impact on the country, and as such, having the petroleum portfolio lie directly with the President - as it did in the past -...
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Guyana and Lindsayca/CH4 to arbitrate GtE contract dispute 

The Government of Guyana (GoG) and Lindsayca/CH4 (LNDCH4) in a statement today said it will proceed to arbitration over...

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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