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Opinions

For Guyana ‘light is right’ – the crude quality of choice

OilNOW -
The following is an opinion piece by Arthur Deakin, Analyst at Americas Market Intelligence (AMI) where he conducts political, economic, and other risk analysis activities for the mining, energy and infrastructure sectors in both Latin America and Africa. Starting in January...
News

Bulk of oil supply next 20 years will come from ‘advantaged barrels’ – Guyana now has over 9 billion

OilNOW -
Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040. UK-based global energy group Wood Mackenzie says exploration will be critical in meeting this future...
Exploration

Stena Carron exits ‘deepest Guyana well’ for new drill campaign

OilNOW -
The drillship Stena Carron is set to depart the Tanager-1 well site in the Kaieteur block and will take up a new assignment at the Redtail area, back in the adjacent Stabroek block, for an exercise that is set...
News

Fabrication work to begin on giant Prosperity FPSO

OilNOW -
Fabrication work is set to begin on the giant Fast4Ward® MPF hull for ExxonMobil’s Payara Development offshore Guyana that will see the Prosperity FPSO pushing total oil production in the South American country to more than 500,000 bpd by...
News

ExxonMobil looking to establish high-speed fibre-optic service linking offshore, onshore operations

OilNOW -
In an effort to ensure production within the Stabroek Block is efficiently managed at all times, ExxonMobil Guyana plans to implement a secure, high-speed fibre-optic/wireless transport service. The project will ultimately connect the oil major’s onshore and offshore facilities...
News

Dated Brent boosted by vaccine news a month ahead of Guyana’s final oil lift for 2020

OilNOW -
Rare positive news amid the coronavirus pandemic pushed crude oil flat prices, including the flat price Dated Brent benchmark, sharply higher on Monday, although physical differentials remained stuck in negative territory for some BFOET grades, S&P Global said in...
News

Saipem building construction yard with ‘largest heavy lift crane’ in Guyana, local team executing work

OilNOW -
Saipem said on Monday it has received authorization to proceed with the final phase of the Payara development project in Guyana from ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). This authorization allows for the finalization of the...
News

Guyana oil production will grow tenfold, contribute to uptick in S/America’s output – GlobalData

OilNOW -
Rapid development of oil fields offshore Guyana will result in production increasing tenfold in the coming years, and along with Brazil, will see South America’s output surpassing volumes coming from North America by 2024. While several projects in Brazil and...
News

Guyana has the largest new conventional liquids play the world has seen in a decade

OilNOW -
The increase in the estimated gross discovered recoverable resources at the prolific Stabroek Block offshore Guyana places the South American country at the top of the list for the largest new conventional liquids play in the world over the...
News

Stabroek Block resources jump to 9 billion barrels of oil equivalent – Hess

OilNOW -
Hess Corporation, a 30 percent stakeholder at the Stabroek Block offshore Guyana, said on Wednesday that the estimated gross discovered recoverable resources have been updated to approximately 9 billion barrels of oil equivalent (boe) on the block. In releasing its...
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Latest News

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Bulk carrier spills oil at Guyana’s Demerara River, regulator says

A bulk carrier moored at a wharf along Guyana’s Demerara River spilled oil on Thursday, prompting an emergency response...

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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