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Small refinery for Guyana could make a big difference for energy security – VP

OilNOW -
Talk of Guyana having an oil refinery have ramped up in recent months. The governing administration is exploring options, having received proposals from eager investors. Though no final determination has been made, Guyana’s Vice President Dr. Bharrat Jagdeo believes that...
Exploration

TotalEnergies starts production at Ikike field off Nigeria coast

OilNOW -
TotalEnergies said Monday it started production at the Ikike field, 20 kilometers (km) off the coast of Nigeria. The Ikiken platform meets a depth of about 20 meters and is tied back to the existing Amenam offshore facilities through...
News

South Korea keen on Brazil’s Tupi crude – Platts

OilNOW -
(S&P Global Platts) Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades' cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade...
Opinions

Can Guyana partially substitute Russian gas? The numbers appear to say so

OilNOW -
By Arthur Deakin – OilNOW In June of 2022, gas supply from Russia to the European Union fell by nearly two-thirds compared to the previous year. Nord Stream 1, which is responsible for nearly 40% of Russian gas exports to...
News

Guyana aiming for major infrastructure overhaul by 2030, as largest building expo launched

OilNOW -
The Guyana government launched the International Building Expo at the National Stadium Friday night, the largest one to date, heralding a massive infrastructural overhaul for the new oil producing country this decade. Sherwyn Greaves, Chief Executive Officer of the Central Housing...
News

Guyana’s largest shore base secures 11-year contract extension with Exxon

OilNOW -
The Guyana Shore Base Inc. (GYSBI) – the South American nation’s premiere shore base facility secured an 11-year extension contract to see it giving continued service to ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL). GYSBI’s new contract...
News

Eight vessels cleared for landmark Port of Vreed-en-Hoop project

OilNOW -
NRG Holdings Inc. now has a total of eight vessels in operation in the Demerara River to support dredging activities for the massive Port of Vreed-en-Hoop project at the Plantation Best foreshore on the West Bank of Demerara. Port of...
Opinions

Review of the consolidated financials of the Stabroek Block co-venturers

OilNOW -
By Joel Bhagwandin - OilNOW Revenue The consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 revealed total revenue of GY$545b up from GY$176b recorded in the previous year or by GY$369b representing an increase...
Opinions

Fire Juggling in the Energy Sector: Part 1

OilNOW -
Dr. Lorraine Sobers – OilNOW The intensity of the fire juggling act being performed by the oil and gas sector has been increasing in complexity year on year. For the novice, catching a single fire club is daunting. However, professional...
News

Saipem charters Bourbon Mobility vessels to support mega LNG project in Africa

OilNOW -
Bourbon Mobility vessels – the Sirocco FSIV and the Surfer 2609 have been brought on to support Saipem’s liquefied natural gas (LNG) project on the Greater Tortue Ahmeyim field off the coast of Mauritania and Senegal. The Italian multinational is constructing a mega...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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