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Sinochem submits lowest bid as 15 companies compete to market Liza Crude

OilNOW -
(S&P Global Platts) Guyana is expected to pick its new crude oil marketer from a list of 15 companies that submitted bids to the procurement authority of the South American nation, an official said on August 20. The Permanent Secretary...
Exploration

Platts panel talk up Guyana deepwater oil prospects

OilNOW -
Updated August 21, 2021 “So, it's like the western hemisphere's Abu Dhabi in a sense” Guyana – the biggest oil story in the last decade – remains the centre of attention in any discussion on deepwater prospects in the western hemisphere....
News

Guyana, Suriname discoveries span around 100 million years of deposition – Exxon Senior VP

OilNOW -
The unprecedented discoveries in the Guyana-Suriname Basin formed the basis of discussions on day 3 of the Offshore Technology Conference at a session where key stakeholders shared their views and talked about upcoming exploration and production campaigns. Chief among...
News

Guyana basin discoveries approaching 13 billion barrels with much more to come, minister tells OTC conference

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, told attendees at the Offshore Technology Conference on Wednesday discoveries in the Guyana Basin are now likely approaching 13 billion barrels of oil equivalent resources and that he expects there will be...
Opinions

Guyana: Beating the Resource Curse

OilNOW -
By Terrence R. Blackman, Ph.D. – OilNOW ExxonMobil initiated oil and gas exploration activities in Guyana in 2008. The company drilled, safely, its first exploration well, Liza-1, in 2015. The Payara, Snoek, Liza Deep, and Turbot discoveries followed in 2017,...
News

Guyana Liza Project takes centre stage on day 1 of OTC

OilNOW -
A technical session on Guyana’s Liza project drew a capacity audience on Monday at the Offshore Technology Conference (OTC) being held in Houston, Texas. Presentations were made by several ExxonMobil representatives covering the company’s exploration history in the Guyana basin,...
News

Oil on agenda as high-level Suriname delegation set to begin 4-day visit to Guyana

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali has indicated that oil and gas collaboration is one of the many topics up for discussion with the Surinamese President Chandrikapersad Santokhi, who will be leading a high-level delegation to Guyana...
News

Guyana looking to use deepwater resources for above ground prosperity

OilNOW -
Just a little over six years ago, Guyana’s economic prospects were based entirely on its traditional sectors such as gold, diamond, other mineral production, forestry and agriculture. Oil and gas production played no role in the country’s development. Then...
News

Guyana delegation in Houston for flagship oil and gas conference

OilNOW -
A delegation from Guyana is in Houston, Texas, for the flagship Offshore Technology Conference (OTC) scheduled to be held from August 16 – 19 this year. OTC focuses on exchanging technical knowledge relevant to the development of offshore energy...
Exploration

Guyana oil wells among deepest, most complex in region

OilNOW -
Updated August 15, 2021 Over 100 exploration wells are expected to be drilled in South America outside Brazil over the next 5 years and Norway-based Rystad Energy has said most of the action could be found off the northern shelf...
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Technip Energies highlights collaborative role in GranMorgu FPSO project

PARAMARIBO, SURINAME  - In an exclusive interview with OilNOW during the Suriname Energy, Oil & Gas Summit (SEOGS) 2025,...

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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