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World-class Liza field accounts for 15% of all crude found globally since 2015

OilNOW -
UK-based industry analyst Wood Mackenzie says Guyana has been one of the most dominant players in the oil and gas industry since 2015 with a record number of discoveries being made, most notable of which are those in the...
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Pioneering Spirit vessel in ‘record-breaking’ mission for TurkStream project

OilNOW -
(Offshore Energy) Offshore services provider Allseas said via social media on Thursday that the massive Pioneering Spirit vessel broke a pipe-laying record on Sunday, August 26. Namely, the massive Pioneering Spirit installed a record-breaking 6.3 kilometers of pipe in one...
News

Guyana must walk tightrope to develop oil resources, demand more from future contracts – Brookings Institution

OilNOW -
Guyana will face significant challenges in using the oil and gas industry to bring about development without the “resource curse,” where petroleum revenues generate concentrated wealth and harm the competitiveness of other industries within the country. A July 2018 report...
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Guyana Government appoints Matthew Wilks as O&G Advisor

OilNOW -
The Government of Guyana has confirmed the appointment of Matthew Wilks to the post of Oil and Gas Advisor in the newly created Department of Energy which operates under the aegis of the Ministry of the Presidency. A press release...
News

Major partnership to see Guyanese receive hands-on FPSO training in Nigeria, Singapore

OilNOW -
Guyanese will soon begin to receive specialized training to work on Floating Production Storage and Offloading (FPSO) vessels through a Strategic Partnership Venture (SPV) between Strategic Recruitment Solutions (SRS) and Century Tamara Energy Services Inc. (CTES). SRS is 100 percent...
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Sinopec reports best quarter in years after oil prices rebound

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(Reuters) - China Petroleum & Chemical Corp, the country’s largest refiner, reported its best quarterly profit in years on strong upstream and refining business and said it expects higher fuel sales in the second half. Known as Sinopec, the company...
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Talks between Total, North Sea oil workers collapse

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Talks between French oil refiner Total and workers on three of its North Sea oil and gas platforms broke down on Thursday, meaning that a series of planned strikes over working rotas will go ahead, UK union Unite said...
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US demand for oil expected to decline through 2022

OilNOW -
US demand for crude petroleum is forecast to see marginal annual declines through 2022, according to Crude Petroleum: United States, a report recently released by Freedonia Focus Reports. This drop will result from lower expected levels of gasoline demand, which...
News

Saipem secures US$700M in contracts for Liza Phase 2 development in Guyana

OilNOW -
Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana to the tune of 700 million USD. These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil,...
News

North Sea union holds fifth day of strikes at Total O&G platforms

OilNOW -
Total confirmed Monday its North Sea production, which feeds the Forties crude stream, had been shut down due to a fifth day of strike action by the Unite trade union, S&P Global Platts said in a report. The fields together...
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Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund...

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