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Smart start needed for oil production; not perfection – Regulatory Consultant

OilNOW -
Guyana must think smart and utilize the little time it has available to create a robust regulatory framework, before commercial oil production begins in 2020, advises regulatory professional and risk consultant, Peter Wilkinson. He said based on the time remaining...
News

14 Guyanese to receive oil & gas training for jobs on multiple offshore projects

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Fourteen Guyanese will soon be undergoing rigorous training in Trinidad and Tobago to acquire skills for the oil and gas industry, after which they will be deployed on a number of offshore projects. This initiative is the start of what...
News

SBM says work on development of FPSO for Liza project “progressing well”

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SBM offshore, the company contracted by ExxonMobil to install, lease and operate a Floating Production, Storage and Offloading Vessel (FPSO) for the Liza project in Guyana, says work is progressing well on schedule. At the end of 2016, SBM Offshore...
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OPEC forecast higher demand for its crude in 2018 due to rising global consumption.

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(Reuters) - OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market that suggest an OPEC-led production cut is getting rid of price-sapping excess...
Exploration

ExxonMobil looking forward to results from new drilling campaign at Turbot field

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The ExxonMobil team in Guyana is said to be in high spirits as a new oil exploration campaign is set to begin at the Turbot-1 well located 107 nautical miles offshore the South American country. The US super-major has...
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Transocean shares outlook for offshore drilling

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(Market Realist) In its 2Q17 conference call, Transocean (RIG) shared its outlook for the offshore drilling market. The company’s view of the industry could also shed some light on the outlook for offshore peers (IYE) Seadrill (SDRL), Diamond Offshore (DO),...
News

Regulations on paper mean nothing if there is no leadership, will to enforce – Energy Specialist

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A Guyanese Engineer with years of experience working in the United States Department of Energy says the leadership and will to enforce regulations will determine if Guyana is to avoid the misfortunes that have befallen many oil producing countries...
News

SBM adopts new approach to lower deepwater FPSO project costs

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(Offshore) MONACO – SBM Offshore is progressing its Fast4Ward program for FPSOs, designed to make deepwater project returns more attractive at current oil prices. Oilfield developments in deeper water, with harsher conditions, require heavier installations on deck, despite space and...
News

“Very stiff penalties” for US oil companies involved in corruption – Ambassador

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US oil companies operating around the world face stiff penalties if they are found to be involved in bribery and other corrupt practices, and according to US Ambassador to Guyana, Perry Holloway, this serves as a disincentive for them...
News

Major oil companies begin pulling workers out of Venezuela

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(Bloomberg) Repsol SA pulled all foreign workers from its oil fields in Venezuela amid a deepening political crisis, while Chevron Corp. and Total SA have removed a small number of employees, said people with knowledge of the companies. Norway’s...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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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