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Guyana is now an oil producing nation

OilNOW -
The South American country of Guyana has joined the league of petroleum producing nations with the official start of oil production at the Liza Phase 1 Development, announced on Friday December 20 by President David Granger, who proclaimed the...
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Capacity constraints casting dark cloud over oilfield service industry – Rystad Energy

OilNOW -
A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. About 250 new...
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Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign

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Canada’s federal government has approved a new offshore exploration drilling project proposed by the China National Offshore Oil Corporation (CNOOC) set to begin in the Flemish Pass Basin — about 400 kilometres east of Newfoundland and Labrador, CBC said...
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American Airlines now flying direct from NY to South America’s newest O&G hotspot

OilNOW -
US-based American Airlines on Wednesday officially began direct flights from New York (NY) to the South American country of Guyana, now on the verge of becoming a major oil producer in the region. The new service will be operated daily...
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Israel’s Ratio sees $250 million revenue from Leviathan in 2020

OilNOW -
Ratio Oil Exploration 1992 LP, one of the companies developing Israel’s largest natural gas field, expects the long-awaited project to give it about $250 million of revenue next year, Bloomberg said in a report on Tuesday. The energy explorer, which...
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Local Content Policy close to completion

OilNOW -
The much-anticipated Local Content Policy (LCP) that would set the framework within which companies in Guyana’s oil and gas sector are expected to operate, is closer to finalization. Director of the country’s Department of Energy (DE) Dr. Mark Bynoe made...
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300 women part of local workforce supporting ExxonMobil operations in Guyana

OilNOW -
At the close of the third quarter of 2019, more than 1,700 of the workers supporting project development activities at the Stabroek Block offshore Guyana are Guyanese, 300 of which are women in both the professional and technical fields. ExxonMobil...
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Mexico’s major oil find could strangle foreign investment for years: analyst

OilNOW -
(S&P Global Platts) Pemex's massive new oil discovery at the Quesqui field might paradoxically prove to be the worst news of 2019 for Mexico's energy sector, as it will be used to justify a shunning of badly needed private investment...
News

USAID $500K project to boost Guyana’s transparency efforts

OilNOW -
The United States Agency for International Development announces a $500,000 USD Extractive Industries Transparency Project to promote transparency and good governance in Guyana’s extractive industries. According to a statement from the US Embassy in Georgetown on Friday, the aim of...
News

Safety first, then first oil – production imminent

OilNOW -
From the first discovery announced in May 2015, to first oil, now potentially just days away; the tremendous work that has gone into bringing the Liza Phase 1 Development project to the point of production will soon pay off. The...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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