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OilNOW – News and Information from the Oil and Gas sector in Guyana

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Guyana will attract more investment if border controversy is settled

OilNOW -
(South Florida Caribbean News) The Guyana/Venezuela Border controversy needs to be resolved soonest so that Guyana can further exploit the resources of its maritime space and landmass which is being claimed by Venezuela. This was the view shared by three...
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Recount shows Guyana opposition secured majority of votes in elections

OilNOW -
A 33-day long recount of the ballots in Guyana’s March 2 General and Regional Elections shows that the opposition People’s Progressive Party Civic (PPP/C) secured a majority of the votes and pending a declaration by the electoral body, should...
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SBM Offshore in search of technicians, engineer for Guyana operations

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SBM Offshore is looking to fill several more positions for its activities in Guyana where it operates the Liza Destiny Floating Production Storage and Offloading (FPSO) oil production complex at the Stabroek Block. The company said in a new advertisement...
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Early project approvals will shield Guyana from further reductions in oil revenues – AMI experts

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The COVID-19 pandemic and decline in oil prices are causing major economic disruptions to crude producers around the world forcing them to adjust their projected revenue inflows downward as lockdown measures continue to curtail demand. Americas Market Intelligence (AMI) experts...
Exploration

More than half of 2020 licensing rounds set to be wiped out – Rystad Energy

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More than half of the world’s planned licensing rounds are likely to be cancelled this year due to the combined effect of the COVID-19 pandemic and the ongoing oil price war, a Rystad Energy impact analysis forecasts. New licensed...
Exploration

Coronavirus pushes oil towards the abyss

OilNOW -
The crude oil market is staring into an abyss. The challenges are physical – dealing with extreme oversupply – and financial, with market participants from wellhead to forecourt under severe duress. Ann-Louise Hittle and Alan Gelder, who, respectively, lead...
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Guyana’s ‘niche product’ could help counter a bearish oil market – API Chief Economist

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Chief Economist at the American Petroleum Institute (API) Dr. Dean Foreman believes that Guyana’s oil economy is likely to withstand the current low-price environment triggered by the Russia-Saudi Arabia price war and now worsened by the COVID-19 global pandemic. “Guyana’s...
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US, UK warn of ‘serious consequences’ for those looking to ‘benefit from electoral fraud’ in Guyana

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The United States of America and the United Kingdom are stepping up their call for full transparency in Guyana’s March 2 election where to date a winner has not been declared. “The calls for a free, fair, credible election in...
News

Global Witness ‘anti-oil agenda’ could cost Guyana billions in revenue– AMI Political Analyst

OilNOW -
A senior political analyst attached to Americas Market Intelligence (AMI) says the recently released Global Witness report on Guyana is the NGO’s attempt at spreading its anti-oil ideology and urged Guyanese to do their own fact-checking and come to...
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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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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