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Companies investing big in South America’s massive offshore oil fields – Canary, LLC CEO

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Large sums of monies are being invested in bringing massive oil fields in Guyana and Brazil to development which will help to add significant volumes to South America’s production output in the new decade. In an op-ed published on Forbes,...
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Guyana is now an oil producing nation

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The South American country of Guyana has joined the league of petroleum producing nations with the official start of oil production at the Liza Phase 1 Development, announced on Friday December 20 by President David Granger, who proclaimed the...
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ExxonMobil in talks with Guyana government to establish financing facility for small business

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ExxonMobil and the Government of Guyana are examining ways in which a financing facility could be established to provide much-needed capital to small and micro enterprise in the South American country. Speaking at a dinner hosted by the Guyana Manufacturing...
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Guyana light sweet crude could fetch higher price as JP Morgan bumps up Brent futures

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JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets, Reuters said in...
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Bidders for lifting Guyana oil cargo include Exxon, Chevron

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Several international oil companies including majors such as ExxonMobil and Chevron are bidding for the opportunity to lift Guyana’s first share of oil cargoes from the Liza field at the Stabroek Block early next year, the country’s Department of...
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Dept. of Energy assures it is pursuing best value for Guyana’s crude

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Guyana’s Department of Energy (DE) on Sunday issued a statement responding to concerns in sections of the media about the approach being taken to sell the country’s first three lifts of crude from the Liza Phase 1 Development set...
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Safety first, then first oil – production imminent

OilNOW -
From the first discovery announced in May 2015, to first oil, now potentially just days away; the tremendous work that has gone into bringing the Liza Phase 1 Development project to the point of production will soon pay off. The...
News

Not enough to expect “rising tide will lift all ships” – Guyanese Economist

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As Guyana is now on the verge of becoming an oil producer resulting in billions of dollars in revenue flowing to the state in coming years, an economist is warning that it is not enough to merely expect that...
News

Noble Don Taylor sails into Stabroek Block

OilNOW -
The drillship Noble Don Taylor has arrived offshore Guyana to begin a one-year contract for drill campaigns at the Stabroek Block, operated by US oil major ExxonMobil, with co-venturers Hess and China’s CNOOC. The Noble Don Taylor brings the total number...
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Guyana, TT O&G JV rapidly expanding to serve offshore industry

OilNOW -
Support from National Hardware Guyana and Concepts & Services Company of Trinidad and Tobago has led to the formation of a new oil services company based in Guyana which is set to become the region’s newest oil producer in...
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...

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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