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Department of Energy to be ready by August – President Granger

OilNOW -
President of Guyana David Granger has announced that the country’s Department of Energy which will fall under the auspices of the Ministry of the Presidency (MoTP) will be established by August of this year, with oil production scheduled to...
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SBM Offshore says Rio court orders Petrobras to withhold payments

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(Reuters) - Dutch marine engineering group SBM Offshore said on Thursday a Brazilian court had ordered Petrobras to provisionally withhold some payments to SBM to ensure the Dutch company pays whatever penalties it may receive in a corruption case. SBM...
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Potential for more oil discoveries in Guyana at all-time high – Industry Analyst

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Just over three years ago the South American country of Guyana was little known around the world and completely off the radar of petroleum-producing nations. But with the giant oil discovery at the Liza field in 2015 that has...
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Ramnarine urges caution in oil production forecasts

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Former Trinidad and Tobago Minister of Energy and Energy Affairs, Kevin Ramnarine, says predicting how oil reservoirs will behave is often difficult and this along with other factors can impact projected daily output. As such, he believes that it...
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SBM awarded contract for second Liza FPSO in Guyana

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SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
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ExxonMobil in US$10M collaboration with Conservation International, UG

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ExxonMobil Foundation said today that it will contribute US$10 million to a new collaboration with Conservation International and the University of Guyana to train Guyanese for sustainable job opportunities and to expand community-supported conservation. The investment is also intended to...
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Liza sub-sea contractor gets EPC job for Zinia development

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TechnipFMC has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 and 1,000 meters. The contract covers the Engineering, Procurement and Construction of subsea equipment...
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Venezuela & Trinidad fail to come to agreement on gas supply

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Ministers of Venezuela and Trinidad & Tobago met in Caracas this week in an effort to hammer out a contract to send gas from Venezuela's Dragon Field to Trinidad for conversion into LNG so that it can be shipped...
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Guyana legal team preparing for next submission at ICJ as court considers matter of jurisdiction

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The International Court of Justice (ICJ), as part of a formal process in the first stage of proceedings, will study the question of jurisdiction regarding the Guyana-Venezuela border controversy case currently engaging its attention. The oil-producing nation of Venezuela announced...
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Total in exclusive negotiation alongside EDF for sale of stake in Dunkerque LNG terminal

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Total has decided to enter into an agreement to sell its 9.99% stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01%) earlier this year. At the completion of the transactions two...
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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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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