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Local content must be clearly defined, should take effect from exploration stage – GCCI

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) is calling for a clear definition of “local content” and believes this should take effect as early as the exploration stage, in Guyana's oil and gas sector. GCCI, which represents 180 private sector...
Uncategorized

The life of a well: Part 3 – Types of wells

OilNOW -
Types of wells: A well drilled to discover a new oil or gas reservoir is called a wildcat or exploratory well. The well that discovers a new field is called the discovery well for that field and subsequent wells...
News

25 Canadian organisations for Guyana O&G trade mission

OilNOW -
The High Commission of Canada is collaborating with the Newfoundland and Labrador Oil and Gas Industry Association (NOIA) and GOINVEST to bring a Canadian oil and gas trade mission of approximately 25 entities from Canada's offshore oil and gas...
News

Exxon on target: Liza Destiny arrives 2019

OilNOW -
ExxonMobil says preparation for first oil in Guyana is on schedule and preliminary work being undertaken by key contractors is progressing well. Liza Destiny - the Floating Production Storage and Offloading (FPSO) vessel being designed by SBM Offshore to produce...
News

ExxonMobil says “significant progress” made in restarting Texas operations

OilNOW -
ExxonMobil said Tuesday that facility assessments and restart activities continue at its Baytown refinery, and that it has made significant progress in restarting chemical production, pipelines and other logistical infrastructure in the Houston area. The company’s fuel terminals in Houston...
News

Oil will be produced from 8 wells in Liza Phase 1 development

OilNOW -
The Liza Phase 1 development project will see a total of 17 wells being drilled, eight of which will produce oil, while six will be used for water injection and three for gas injection. Gas and water are reinjected to...
News

Texas refineries begin restart after hit from storm Harvey

OilNOW -
(Reuters) - U.S. Gulf Coast refineries and fuel distribution terminals started to reopen on Saturday, a week after Tropical Storm Harvey knocked out nearly 25 percent of the nation’s refining capacity and sent gasoline prices spiking. While much of the...
Exploration

“We’re gonna keep looking for more oil” – Exxon Operations Manager

OilNOW -
Encouraged by positive results from several drill campaigns offshore Guyana which saw the largest discovery being made for 2015, ExxonMobil has vowed to continue its search for more oil in the South American country. The Liza 1 discovery, estimated to...
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How did oil come to run our world?

OilNOW -
The first recorded uses of oil: 3,000 BC We are not the first people in history to exploit oil as a resource. Some of the earliest civilisations relied heavily on oil. Crude oil that had bubbled to the surface was used...
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Canadian consultant applauds Gossai for work at GOGA

OilNOW -
Canadian consultant Rob Strong of Newfoundland Canada has expressed his appreciation for the work that Bobby Gossai Jr. has done for the Guyana Oil and Gas Association (GOGA). Gossai, GOGA’s former Chief Executive Officer, recently announced his decision to...
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Latest News

NewsShikema Dey -

Chevron’s entry strengthens Guyana oil sector despite Venezuela ties – Rystad Energy  

Chevron’s entry into Guyana’s Stabroek Block will not disrupt ongoing operations, according to Schreiner Parker, Partner and Head of...

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