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Positioning Guyanese to benefit from opportunities in oil and gas

OilNOW -
A consulting firm in Guyana is seeking to educate stakeholders on the various employment and business opportunities in the country’s emerging oil and gas sector. Guyana Global Consulting Group (GGCG) will host an information and networking event entitled, “Building...
News

Offshore Europe another great opportunity to showcase Guyana O&G business potential

OilNOW -
British High Commissioner to Guyana, Greg Quinn, said that the upcoming Offshore Europe oil and gas conference and exhibition in Aberdeen Scotland in September is the perfect opportunity for Guyanese companies to forge partnerships with British companies. The High Commissioner...
News

Eco Atlantic Oil & Gas records Q2 loss

OilNOW -
London and Toronto-listed Eco Atlantic Oil & Gas booked a deeper second-quarter loss, as it continued to develop prospects in Guyana and Namibia. Shares, in a report on Friday, said net losses for the three months through June amounted to...
News

Guyanese trained in Dynamic Positioning for offshore placements

OilNOW -
Guyanese human resource provider Strategic Recruitment Solutions has sent 4 of their candidates to Kongsberg Maritime in Houston Texas to attend a 4-day course in Dynamic Positioning (DP) Induction. The DP induction programme is the first step in the...
Opinions

Attractiveness and productivity to serve the Guyana offshore basin

Bobby Gossai, Jr. -
The pressure to source supplies from Guyana can lead to increased exploration, development and operating costs. Guyana’s offshore oil activity levels will be very sensitive to movements in oil prices and costs. At any one time in a province...
News

Global oil, natural gas exploration forecast to climb 35% from 2018

OilNOW -
The second half of the year should see sustained increases in oil and natural gas exploration activity worldwide, according to analysts, Natural Gas Intelligence (NGI) said in an August 14 report. Another 35-40 high-impact exploration wells should be completed by...
Opinions

Policy considerations for the licencing arrangements of Guyana offshore blocks

Bobby Gossai, Jr. -
To maximize the potential national benefits appropriate licensing, taxation, depletion and pricing policies are required. Given the high degree of geological uncertainty in the early years, some use of the discretionary licensing system to award acreage was appropriate, but...
Discoveries

World’s Largest Recent Offshore Oil Discovery Progresses Amid Political Tensions, Disputes

OilNOW -
Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving to be true for the most prolific offshore oil discovery in recent years off the coast of the...
Exploration

First gas expected from BP Trinidad’s Cassia project in 2021

OilNOW -
BP Trinidad and Tobago’s (BPTT) Cassia Compression project is on track with first gas expected in 3Q 2021. The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently producing fields in the...
Exploration

Mid-Atlantic Oil & Gas among those supporting QC Alumni Math Camp

OilNOW -
Junior partner in the Canje block offshore Guyana, Mid-Atlantic Oil & Gas, is one of several companies supporting the Queen’s College of Guyana Alumni Association (NY), Inc. (QCAANY) 2019 Math Institute Summer Camp. For the fourth consecutive year, QCAANY will...
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Latest News

NewsOilNOW -

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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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