Showing results for:

News

Liza 2 among global O&G projects pushing big volumes for 2019

OilNOW -
A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide, including the Liza Phase 2 Development Project offshore Guyana, could see sanctioned volumes of oil and gas nearly triple compared to last year’s tally. Rystad...
News

Stabroek discoveries derisking Orinduik block – Eco Atlantic CEO

OilNOW -
Rapid discoveries being made by US oil major ExxonMobil in the prolific Stabroek Block offshore Guyana are playing a key role in derisking the Orinduik Block, according to the CEO of Eco Atlantic Oil & Gas, Gil Holzman. Eco Atlantic...
News

First 100% Guyanese-owned human resource company to service O&G industry launched

OilNOW -
The first human resource company with 100% Guyanese ownership servicing the South American country’s emerging oil and gas industry was officially launched on Friday in Georgetown. Strategic Recruitment Solutions Inc. (SRSGY) is currently providing human resource services to three of...
News

Eco Atlantic contracts Stena Forth for Guyana drill campaign

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. (aim:ECO)(EOG), along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V. (Operator), has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron...
News

Liza Unity will follow Destiny in Guyana oil bonanza

OilNOW -
The Liza Unity Floating Production Storage and Offloading vessel, the first of its kind produced by SBM Offshore using its Fast4WardTM programme, is expected to closely follow the Liza Destiny which will begin producing oil for Guyana by 2020. The Unity...
News

Guyana, Brazil pushing FPSO demand through 2025 – Rystad Energy

OilNOW -
From 2019 to 2021 Rystad Energy expects 33 FPSOs to be sanctioned as oil and gas activity picks up in the offshore sector.  15 of the FPSOs will require a production capacity above 80,000 barrels/day. This high capacity demand comes...
News

Venezuela’s collapse holds lessons for neighboring Guyana

OilNOW -
Venezuela’s slide from top of the heap to a virtual bit player in the oil market is a slow-motion car crash. Production sank progressively from 2.6 million barrels per day (b/d) a decade ago, when it was third in...
Exploration

Major oil find excites southern Caribbean

OilNOW -
(Amsterdam News) U.S. supermajor ExxonMobil announced two major oil finds offshore Guyana in the past week, and the discovery has raised the hopes for similar massive oil discoveries in two of its neighbors that incidentally already produce oil and...
Exploration

Guyana moving towards open bidding for oil blocks, multi-client seismic survey

OilNOW -
Guyana could soon have its first open bid round for oil blocks by Q1 2020 the Director of the Department of Energy (DoE), Dr. Mark Bynoe, told reporters on Monday. An overhaul of the 1986 Petroleum Exploration and Production Act,...
Exploration

2019 high impact exploration starts with a bang: Guyana leads with 2

OilNOW -
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018, says Westwood Global Energy Group. One of...
1...336337338...377Page 337 of 377

Latest News

NewsOilNOW -

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.

Quick Access

Company Info

Social Networks