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GIPEX 2019

OilNOW -
THE GATEWAY TO A GOLDEN FUTURE GIPEX 2019 will provide immense opportunities for companies across North and South America, Europe, Africa and Asia. Many well-established companies from the oil & gas sector have already shown their interest and made their...
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SBM secures US$1.14B financing for Liza Unity FPSO from consortium of 9 international banks

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SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...
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BHP hits pay in Trinidad while encountering dry hole at other prospect

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Australian based petroleum company BHP said on Thursday it has made one discovery while encountering a dry hole in exploration activities offshore the Caribbean twin island nation of Trinidad and Tobago. The company drilled two additional exploration wells at its...
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Guyana, Qatar to boost partnership in O&G, trade and education

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President of Guyana David Granger on Wednesday said that the South American country is keen on cooperating with Qatar not only on building oil and gas capacity but also on realising trade and education opportunities. The president was at the...
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Guyana is number 2 in the world for discovered resources to date in 2019 – Rystad Energy

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Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made globally, with Russia topping the charts at number 1. Oil and gas companies have discovered 7.7...
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Flaring stays near record-high in the Permian

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Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according to Rystad Energy’s preliminary data for the third quarter of 2019. Venting is gas release without...
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Bristow gets greenlight from Bankruptcy Court for reorganization

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Bristow Group Inc. said on Monday the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company's Amended Plan of Reorganization and indicated that it will enter a written order to this effect. The Company expects to consummate...
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Suriname’s state oil firm signs production-sharing deal with Columbus

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(Reuters) - Suriname’s state-owned oil firm said on Friday it had signed a production-sharing agreement for the onshore Weg Naar Zee (WNZ) block with Britain-based oil and gas exploration company Columbus Energy Resources. In a statement, the company, Staatsolie Maatschappij...
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Equinor awards world’s first O&G contract for advanced wireless drone services

OilNOW -
Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed in 2020. “This is...
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University students, members of the public visit Exxon’s ‘open house’ for Payara project

OilNOW -
Adopting a different format geared towards maximising interaction with the public, ExxonMobil Guyana staged an ‘open house’ on its proposed 220,000 barrels per day Payara project on Monday, September 30 at the Pegasus Hotel in the country’s capital, Georgetown. The...
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Stories Beyond the BarrelShikema Dey -

Meet Elroy Vankennie: GYSBI’s first Guyanese QHSSE Manager 

Elroy Vankennie is the first Guyanese to hold the role of Quality Health Safety Security and Environment (QHSSE) Manager...

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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