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Latin America’s crude oil production to soar in 2024

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Guyana and Brazil continue to drive supply in Latin America higher, with new analysis from S&P Global Commodity Insights projecting that the duo will lead a production boost by 400,000 barrels a day in 2024.  New numbers issued by the...
News

Guyana depends on 90% of trade via ships; port security critical – MARAD head

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In a concerted effort to bolster port security and shoreline protection, a comprehensive port security seminar has opened in Georgetown, Guyana. This five-day training session, conducted in collaboration with the Maritime Administration Department (MARAD) and DIRECTEMAR Chile, will equip...
News

S&P expects first Payara crude cargoes to load in November

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Guyana's emerging Payara Gold crude is on schedule for its first official loading in November. This update is based on a program obtained by S&P Global Commodity Insights. The said program schedules two 1-million-barrel cargoes of Payara to load in...
Opinions

Guyana’s strength in numbers

OilNOW -
By Dr. Lorraine Sobers - OilNOW September, the start of the new academic year, often prompts me to search for linkages between the state of education and the state of the nation. This brought me to consider that much of...
News

SBM Offshore and Mitsubishi Heavy Industries unveil CO2 capture solution

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SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have unveiled a significant stride toward reducing greenhouse gas emissions from floating production, storage and offloading vessels (FPSO). They announced a Partnership Agreement that aims to provide a carbon dioxide (CO2)...
News

Beware of scams: SBM Offshore cautions against misuse of its business identity

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SBM Offshore has issued a cautionary advisory to the public regarding deceptive activities carried out under its name by an unauthorised organisation. SBM Offshore, known for its commitment to safety and consumer protection, uncovered an alarming case in which...
News

Local farm supplying produce for Guyana’s oil production vessels recognized for innovative use of technology

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Plympton Farms’ greenhouse and hydroponic system, which are being supported by SBM Offshore Guyana’s Green Farms Initiative, recently gained the attention of the highest office in the South American country for its use of technology that allows for increased...
News

Advantaged projects in Guyana, Permian delivered record production in Q2 2023 – Exxon’s CFO

OilNOW -
ExxonMobil Corporation’s Senior Vice President, Kathy Mikells revealed on Friday that the company’s advantaged projects in Guyana and the Permian Basin in the U.S., delivered strong volume contributions for the 2023 second quarter.  During her outline of Exxon’s Upstream business,...
News

Guyana’s oil production could close 2023 over 500,000 bpd 

OilNOW -
Guyana’s Liza Phase Two Project is expected to see a 30,000 barrel-per-day increase by the year’s end. This was recently revealed by Hess Corporation’s Chief Operating Officer (COO), Greg Hill. The Hess official noted that the Liza Unity floating production,...
News

Team Infinity Tech emerges winner in SBM Offshore Guyana-sponsored Innovation Challenge 2023

OilNOW -
The Office of the Prime Minister's Industry and Innovation Unit's Innovation Challenge 2023 reached its exciting conclusion on Sunday at the Arthur Chung Conference Centre. The event, sponsored exclusively by SBM Offshore Guyana, showcased the innovative talents of local...
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Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace...

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