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T&T oil decline driving investors to nearby Guyana – Ramnarine

OilNOW -
Trinidad and Tobago (T&T) has seen a stagnation in its oil-based economy in recent years and with little to no new investment opportunities, its businessmen are now flocking the hemisphere’s newest Oil and Gas (O&G) hot-spot—neighbouring Guyana. So says former...
News

Eco Atlantic shares appreciate after Orinduik discovery

OilNOW -
Share prices for Eco Atlantic Oil and Gas (O&G) have appreciated significantly on the stock market, following the discovery of more than 100 million barrels of recoverable hydrocarbons in the Orinduik Block offshore Guyana. According to market reports, the company—co-venture...
News

2% royalty is not Guyana’s entire ‘slice of the pie’

OilNOW -
The 2% royalty to be paid by ExxonMobil to the Guyana Government when oil production begins does not represent the country's entire take from its offshore oil revenues; a critical component of the discussion that is missing from public...
News

CDC looking to test oil spill response plan at upcoming Exercise Tradewinds

OilNOW -
Guyana is preparing to host Exercise Tradewinds in June 2020 and Director General of the Civil Defence Commission (CDC) Lieutenant Colonel Kester Craig wants the operation to feature an oil spill response component. Currently, the CDC is finalizing Guyana's first...
News

PCJ confirms discovery of oldest live oil seep in Jamaica

OilNOW -
(Jamaica Observer) Tests carried out by two separate independent laboratories have confirmed that an oil seep identified in 2018 by the Petroleum Corporation of Jamaica (PCJ) is the island's third onshore live oil seep. PCJ said in a release yesterday...
News

Liza Destiny helideck gets certification

OilNOW -
On Tuesday, the Floating, Production, Storage and Offloading (FPSO) vessel, Liza Destiny, received its first helideck inspection certificate from the Guyana Civil Aviation Authority (GCAA). A helideck is a platform on a vessel or offshore structure, which allows helicopters to...
News

Energy Department wants oil money to be used for ‘no-regrets investments’

OilNOW -
Guyana’s Department of Energy wants oil revenue to be used to pursue investment initiatives that are feasible and intends to advise government against plugging cash into ventures that could result in future regrets. So says Energy Department Director Dr....
News

Stabroek co-venturer CNOOC’s net profit surge at H1 2019

OilNOW -
In announcing its interim results for the six months ended June 30, 2019, CNOOC Limited said on Thursday in the first half of the year the company made 16 new discoveries – of which 3 were made in Guyana...
Exploration

S-Cube algorithm helped Tullow strike oil at Guyana well

OilNOW -
(Offshore Energy) Tullow Oil has discovered oil at its Jethro-1 well in Guyana using the XWI algorithm developed by technology company S-Cube. The XWI algorithm allows entirely data-driven earth model building with more automation and accuracy. The cloud solution helps...
News

Total, Qatar Petroleum ink asset transfer deals

OilNOW -
French oil major Total said Tuesday Qatar Petroleum is farming into its offshore acreage in Namibia, Kenya and Guyana, further strengthening their international partnership, Kallanish Energy reports. Following approval of the deals, Qatar Petroleum will gain a 30% stake in Namibia’s Block...
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‘Lil Red Community Centre’ commissioned through partnership with Food for the Poor Inc. and SBM Offshore Guyana

Residents of Little Red Village on Guyana’s Essequibo Coast now have access to a new community hub following the...

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