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News

Multi-billion-dollar deepwater investments only moving forward under favourable conditions

OilNOW -
Of the 200 offshore oil and gas projects that are currently in the planning stage, around 120 of these are based on floating production storage and offloading (FPSO) systems and one expert believes that none of them will move...
News

Guyanese business operators taking risks, building capacity for emerging oil and gas industry

OilNOW -
Guyana is on a rapid journey to becoming one of the top oil producers in the Latin America and Caribbean region, going from no known resources just five years ago, to having more than 8 billion barrels of oil...
News

IDB paper urges caution as Guyana’s growth set to skyrocket

OilNOW -
The start of oil production in Guyana last year has increased the urgency with which the South American country’s institutional capacity and regulations had to be addressed, not only in oil and gas, but other sectors as well. This is...
News

Young Guyanese looking forward with anticipation to working on country’s first oil production vessel

OilNOW -
Spread moored around 120 miles offshore Guyana, the Liza Destiny FPSO will soon receive another batch of Guyanese who will be embarking on their first stint offshore to undergo on-the-job training as operations and maintenance (O&M) technicians, having recently...
News

Drilling rigs count collapsing globally but Guyana offshore remains resilient

OilNOW -
Even as the number of rigs drilling for oil and gas continues to collapse globally, activities offshore Guyana not only continues, but is being ramped up, particularly in the ExxonMobil-operated acreages, including Stabroek Block where the company has so...
News

Crane Worldwide Logistics collaborates with SBM Offshore to ship PPE supplies to Guyana

OilNOW -
Crane Worldwide Logistics (CWW) has collaborated with SBM Offshore to ship several thousand gloves and masks to the South American country of Guyana to aid in the national COVID-19 response measures. The Personal Protective Equipment (PPE) was shipped via the...
News

More Guyanese women entering oil and gas – almost 400 supporting Exxon’s operations

OilNOW -
A growing number of Guyanese women are entering the Oil and Gas sector as offshore operations in the South American country continue to expand in wake of multiple discoveries at the prolific Stabroek Block and beyond. Since 2015, ExxonMobil has...
Opinions

Provision for marine loading of Guyana’s hydrocarbons

Bobby Gossai, Jr. -
Guyana must address the need for the investing parties to agree on the allocation of risk in relation to tanker loading, whether at an offshore platform, Floating Production Storage and Offloading (FPSO) facility or any future onshore jetty. In...
Exploration

Explorers forging ahead in one corner of South America deepwater

OilNOW -
Oil majors and National Oil Companies have been left with no choice but to re-assess exploration spend in 2020 as the price of oil plummeted forcing shut-ins and lay-offs across the industry where conventional exploration spend had been set...
News

EITI wants Guyana to disclose crude sales agreements

OilNOW -
The Extractive Industries Transparency Initiative (EITI) is encouraging Guyana to disclose sales agreements related to the country’s share of oil production. In an article published on May 21 focusing on the next steps for Guyana as it relates to contract transparency,...
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Latest News

NewsOilNOW -

PPP/C outlines Energy Priorities: Gas-to-Energy, Local Content, post-oil planning

Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among the...

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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