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Aker BP enhances resource base in Yggdrasil area with substantial oil find

OilNOW -
Aker BP said it is nearing completion of drilling the Øst Frigg Beta/Epsilon exploration well, situated in the Yggdrasil area of the Norwegian North Sea, and has made a significant oil discovery. Preliminary estimates indicate a gross recoverable volume of...
News

Tullow seeking to unlock value offshore Guyana but not any time soon

OilNOW -
Analysts had expected Tullow Oil  to drill the Amatuk prospect at Guyana’s Orinduik Block this year, but it doesn’t seem like that will happen.  The second renewal period of the Orinduik petroleum agreement started in January. It is set to...
News

Environmentalists say Norway’s oil & gas expansion is “a middle finger to the Paris Agreement”

OilNOW -
Environmental activists have voiced strong opposition to Norway's plans for oil and gas expansion, condemning the move as "a middle finger to the Paris Agreement." The Norwegian government has called on energy giants to increase exploration projects in remote...
News

Guyana’s gas strategy will explore opportunity for joint development with Suriname

OilNOW -
Vice President Dr. Bharrat Jagdeo said on May 25 that Guyana’s gas strategy, expected to be drafted at the end of the year, will explore the opportunity for joint development with Suriname.  “In some areas like Pluma, more gas,...
News

Ali to advance talks with Lula on Guyana-Brazil road link

OilNOW -
Discussions on the expansion of the Guyana to Brazil road link will be advanced at an upcoming meeting between Guyana President Dr. Mohamed Irfaan Ali and Brazil’s President, Luiz Inacio Lula da Silva May at the end of May. Guyana’s...
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ExxonMobil’s Liza field surges to 45 million barrels in first four months of 2023

Kemol King -
ExxonMobil’s Liza field offshore Guyana produced more than 45 million barrels of crude in the first four months of 2023. This represents a 163% increase over the 17 million barrels produced in the same period last year.  Data from Guyana’s...
Exploration

From Africa to South America, leaders say environmental lobby hindering development

OilNOW -
In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...
News

Global oil demand spurs urgent call for US$12.1 trillion in long-term investments

OilNOW -
US$12.1 trillion in investments is what the world needs to meet the escalating global oil demand in the long term, according to the Organization of the Petroleum Exporting Countries (OPEC).  The demand for oil will not falter, according to OPEC....
News

Unlock Your Potential: Blue Water Shipping extends training to Guyanese nationals

OilNOW -
The logistics and supply chain management industry is becoming an increasingly important facet in Guyana’s oil and gas industry. And Blue Water Shipping is ensuring that Guyanese get the best training to provide A-class services locally through its extensive...
News

EITI to launch 2023 Standard in Senegal on June 13 

OilNOW -
The Extractive Industries Transparency Initiative (EITI) has introduced its updated 2023 Standard, which includes significant revisions aimed at addressing corruption risks and facilitating the global energy transition. The EITI Board has agreed on these revisions, which will be officially...
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Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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