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Guyanese manpower company gets international certification

OilNOW -
A 100 percent Guyanese-owned manpower services company has acquired Maritime Labor Convention (MLC) 2006 certification even as it moves to provide human resources not only to the offshore oil and gas operations in Guyana, but also to countries in...
News

Guyana production on path to rival OPEC top guns

OilNOW -
It is estimated that by the mid-2020s to 2030, oil production in Guyana could hit 750,000 barrels per day but this figure may ‘underestimate the country’s production’ the American Security Project (ASP) has said. ASP said unlike other recent discoveries...
Exploration

Eco fully funded, drill-ready to pursue light oil prospects at Orinduik

OilNOW -
Eco Atlantic Oil & Gas, junior partner at the Orinduik Block offshore Guyana, says it is drill-ready and fully funded to pursue additional prospects on the block as the search for high quality hydrocarbons continue. In 2019 the company drilled...
Exploration

Most competitive deepwater projects will be those with shortest development cycle times – IHS Markit

OilNOW -
From discovery in 2015 to production in 2019, the Liza Phase 1 development offshore Guyana is considered to be one of the fastest deepwater project ramp-ups in the industry’s history. London–based IHS Markit said in a report this month...
News

Just how good is Guyana’s crude oil?

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Following ExxonMobil’s commercial discovery at the giant Liza field in the Stabroek Block offshore Guyana in 2015, it was confirmed that the oil found is of ‘high quality’. The term “High Quality” is commonly used to refer to crude...

lcp

OilNOW -
Introduction 1.1 A Governance Policy is a system of principles that is implemented as a procedure or protocol that guides the Government’s objectives supported by through the use of regulations, laws, regulations, guidelines and other instruments to deliver better economic...
News

10 billion US dollars a year and growing

OilNOW -
By Steven Jasmin - OilNOW  A few weeks ago, I posted a breakdown of the estimated $500 Billion USD worth of oil that has been discovered and will be extracted. The post was well received and re-shared quite a bit....
Exploration

First suspected coronavirus case on North Sea platform contained

OilNOW -
An offshore worker on a North Sea platform has been quarantined over concerns around the outbreak of the coronavirus Energy Voice said in a report on Friday. The worker, on board Taqa’s Tern Alpha installation 105 miles north-east of Shetland,...
Exploration

Total targeting up to 3 Guyana wells this year despite heavy crude encounters

OilNOW -
French oil company Total expects two to three new offshore wells to be drilled in Guyana this year, Chief Executive Patrick Pouyanne says. This is despite encountering heavy crude at two prospects last year, which brought into question their...
News

UK oilfield services company moves into Guyana market as oil industry takes off

OilNOW -
Swire Oilfield Services, a leading global provider of offshore containers and oilfield services, announced a strategic partnership agreement today with Global Oilfield Services Inc, for the supply of offshore containers and equipment to support the growing energy market in...
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Guyana and Suriname leaders advance talks on trade, energy, and connectivity at high-level meeting

Joint Statement - Meeting Between Jennifer Geerlings- Simons, President of the Republic of Suriname and Dr. Mohamed Irfaan Ali,...

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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