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Discovering Oil: It’s not like the movies. But it’s still pretty exciting – Energy Factor

OilNOW -
One year before the giant Liza discovery… The data from the well logs looked promising, and a restrained optimism began to build among small groups of specialists at ExxonMobil’s north Houston campus, at its Georgetown venture office and aboard the...
News

Liza Destiny ready to set sail for Guyana oil bonanza

OilNOW -
The Liza Destiny, the first oil production vessel to be placed in Guyana has been officially dedicated by the South American country’s First Lady, Madam Sandra Granger. In keeping with tradition and naming protocols, the dedication is performed by a...
News

Our partnership is with Guyana; not an individual or political party – Exxon Upstream President

OilNOW -
US oil major ExxonMobil, operator in the Stabroek Block offshore Guyana, says it remains committed to forging a strong partnership with the Guyanese people and not with any one individual or political party. Liam Mallon, the company’s President for Upstream...
News

Chevron has been in Venezuela for nearly 100 years; it could finally be forced to leave

OilNOW -
(CNN Business) Chevron's nearly century-long relationship with Venezuela might not survive the Maduro regime's fight with the United States. Not only is Venezuela's infrastructure crumbling, but the OPEC member's national oil company has been sanctioned by the Trump administration. Chevron...
News

Task force launched ahead of first oil to push urban development master plan

OilNOW -
An inter-agency task force for crafting an urban development master plan intended to redefine the developmental agenda of the Guyana government, in keeping with the country’s oil and gas sector, was launched on Monday at the Regency Hotel, Hadfield...
News

‘Invite World Petroleum Council to assess Guyana’s O&G readiness’ – former minister

OilNOW -
Former Guyanese Minister of Natural Resources Robert Persaud is calling on the Government of Guyana to invite a world recognised body to review the South American country’s activities in the oil and gas sector. But he added the caveat that...
News

Guyanese company looking to boost aviation manpower capacity as country preps for first oil

OilNOW -
Guyanese firm, Orinduik Development Inc., is seeking to strengthen the country’s aviation sector through the establishment of an institute - Guyana Aviation Polytechnic - that will offer a range of programmes in aviation technology, as the South American country...
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Guyana strengthening relations with Russia; investment and education on radar

OilNOW -
Guyana’s President David Granger on Wednesday said the South American country looks forward to strengthening its relations with Russia and will pursue the successful conclusion of agreements relating to investments and the mutual recognition of educational qualifications. “Guyana will continue...
News

Petrobras, SBM sign LOI for Mero 2 FPSO

OilNOW -
(Oil & Gas Journal) Petroleo Brasileiro SA (Petrobras) signed a letter of intent with SBM Offshore for a 22.5-year lease and operation of the Mero 2 floating production, storage, and offloading vessel to be installed on giant Mero oil field in the...
News

Guyana just months away from adding to South America’s O&G supply

OilNOW -
Guyana will begin producing oil within months at a modest peak rate of 120,000 barrels per day but with a rapid acceleration that will see production ballooning to almost 1 million bpd by the mid-2020s, adding to the South...
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Kuwait, Qatar, other long-established producers now trail Guyana in per capita oil output

Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil production,...

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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