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US sanctions on Venezuela could open door wide for Russia, China

OilNOW -
The recent round of sanctions from the Trump administration has pushed the Venezuelan government to publish its oil prices in Chinese Yuan which has been seen as a fulfilled promise from President Nicolás Maduro to layoff the U.S dollar,...
News

No decision yet on who will market Guyana’s oil – Trotman

OilNOW -
Minister of Natural Resources, Raphael Trotman, says the Government of Guyana is still examining options available for marketing its share of oil and this is being studied by a high-level team put together by President David Granger. The South American...
News

Ground Structures building state-of-the-art facility with lab for offshore investigations

OilNOW -
Ground Structures Engineering Consultants (GSEC), a Guyanese firm specializing in geotechnical engineering and environmental services, will soon open the doors to its new state-of-the-art 10,000 sq. building housing offices and a soils and material laboratory. GSEC is in a partnership...
News

Private sector staging landmark business summit with multi-stakeholder focus

OilNOW -
As Guyana’s oil and gas industry promises to emerge as a dominant force in the country’s economy, the business community will next week be looking to highlight opportunities and challenges in several other key sectors in its push to...
News

Guyana “light crude” will fetch higher price, cost less to refine

OilNOW -
When compared to heavy oil, the light crude found in Guyana will fetch a higher price on the world market and cost less to refine. Light crude oil has low density and flows freely at room temperature. It has low...
News

Guard against economic, governance risks; warns manufacturing body

OilNOW -
President of the Guyana Manufacturing and Services Association (GMSA), Shyam Nokta, says every effort must be made to ensure the economic and governance risks associated with oil and gas is mitigated, as the South American country moves closer to...
News

World needs new offshore oil investments to avoid shortages: Hess

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(Reuters) - Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said on...
News

Tullow gunning for oil this month at Suriname’s Araku prospect

OilNOW -
Tullow oil is hoping to strike it big offshore Suriname at the Araku oil prospect on Block 54, set to begin early this month. The UK-based oil and gas exploration company is targeting a Jubilee look-alike play in the continental...
Exploration

Exxon continues drilling foray offshore Guyana with new campaign at Ranger-1

OilNOW -
Following oil discoveries at the Liza, Payara and Snoek reservoirs from 2015 to present, ExxonMobil and its Joint Venture partners Hess and CNOOC Nexen will be looking to repeat these successes with exploratory drilling at the new Ranger-1 well site...
News

Gulf Publishing Company launches LNG intelligence service

OilNOW -
Gulf Publishing Company, a leading media company and provider of market data for the international energy industry, on Sunday the Energy Web Atlas to provide the downstream energy sector with easy access to information about the Liquefied Natural Gas (LNG) industry. A...
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OPITO takes lifting frameworks to new heights in the Caribbean

OPITO sets a new benchmark for lifting standards in the region, with dedicated training centers in Guyana, Suriname, and...

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