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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,...
News

Credit Suisse sees 9 development phases at Stabroek Block with production ballooning to more than 1 million bpd

OilNOW -
Zürich-based investment bank Credit Suisse sees potential at Guyana’s Stabroek Block for 9 development phases that would push production well above 1 million barrels of oil per day and expects the resource estimate on the block to further increase...
News

Guyana should collaborate with industry stakeholders to consider oil storage alternatives – API’s Chief Economist

OilNOW -
As the COVID-19 pandemic continues to batter oil prices along with global demand, major exploration and production companies are growing concerned about storage space for all the oil that is not being consumed. It therefore means that along with making...
Exploration

Final modules for Johan Castberg Turret Mooring System set sail for Singapore

OilNOW -
Dutch floater specialist SBM Offshore on Monday announced the sailaway of the last two modules for the Turret Mooring System, destined for Singapore for integration into the hull of Equinor’s Johan Castberg FPSO. This milestone represents the successful completion...
News

Exxon’s giant Hammerhead project will push Guyana production to three-quarter million bpd milestone

OilNOW -
ExxonMobil’s 4th proposed development project offshore the South American country of Guyana will produce approximately 150,000 - 190,000 barrels of oil per day (bpd), pushing total production at the Stabroek block to 750,000 bpd. This latest development, once approved,...
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Latest News

NewsOilNOW -

GGI to launch new call this July for proposals to drive capacity building in Guyana

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing...

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