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Caribbean oil terminals make preparations ahead of Hurricane Maria

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(Reuters) - Several Caribbean oil storage terminals that temporarily closed ahead of Hurricane Irma earlier this month have started making preparations in case they have to shut again due to Hurricane Maria, which was a rare Category 5 storm...
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Guyana’s push to ease power generation deficiency with natural gas production gains momentum

OilNOW -
Guyana’s push for the production of Liquefied Natural Gas and its use to alleviate a decades-old power generation deficiency in the South American country is gaining momentum. The first in a series of continued discussions on commercial and power generation...
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Business summit slated or September 25-26 to focus on transformation of economy

OilNOW -
The Caribbean-Central American Action (CCAA) and the Inter-American Development Bank (IDB) will be hosting a business summit in Guyana in collaboration with a number of stakeholders, slated for September 25 and 26. The event; The Transformational Economy: Perspectives and Opportunities...
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China says foreign oil & gas investors welcomed

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(China Daily) China welcomes foreign oil and gas companies to continue investing in the country as the undergoing oil and gas industry reform is believed to bring more opportunities for cooperation. Foreign companies are welcomed to invest in China in...
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Global energy consumption to increase by 28% – EIA

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World energy consumption is projected to increase by 28% between 2015 and 2040 according to the US Energy Information Administration. In figures published last week, EIA said coal demand will remain flat, and renewable energy will be the world’s...
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16 more Guyanese undergo training for offshore jobs

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Sixteen more Guyanese are undergoing training for job opportunities offshore, this time as part of the Edison Chouest supply vessel fleet. Manpower provider, El Dorado Offshore in collaboration with Ramps Logistics of Trinidad & Tobago, has been playing an integral...
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Tullow says not much opportunity for local content in exploration phase

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Country Representative of Tullow Oil in Guyana, Joachim Vogt, says not much opportunity exist for local content in the exploration phase of offshore operations. Vogt was at the time responding to a question from OilNOW about the likelihood of Guyanese...
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Crude trades near $50/bbl after decline in U.S. drilling

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(Bloomberg) -- Oil traded near $50/bbl in New York, close to a three-month high, as a further reduction in U.S. drilling added to signs the global crude surplus is abating. WTI futures slipped 0.5% after advancing 5.1% last week. Rigs...
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Suggesting all blocks for petroleum exploration were issued is ‘dangerously wrong’ – Ram

OilNOW -
Guyanese Attorney-at-Law and Chartered Accountant, Christopher Ram, says the suggestion that all of the blocks for petroleum exploration and production were given out prior to 2015 is dangerously wrong, since the available information contradicts this. Speaking at a public forum on Friday...
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TechnipFMC awarded integrated EPCI contract for Hurricane Lancaster project

OilNOW -
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract from Hurricane Energy PLC. The contract covers the provision of subsea equipment including umbilicals, risers, flowlines and the subsea production system for the Lancaster Early Production System (EPS) Project....
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Ministry of Labour conducts OSH inspection on Liza Unity FPSO

Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating,...

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