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Guyana oil production data available online since last year – Gossai Jr.

OilNOW -
Guyana’s Ministry of Natural Resources pointed out on Monday that oil production data can be easily accessed by the public via the Ministry’s Petroleum Management Programme website: https://petroleum.gov.gy/data-visualization. This follows reports in the media about the data not being...
News

Saipem adds ‘FlatFish’ underwater drone to boost monitoring, automatic inspections

OilNOW -
Saipem and Oil Spill Response Ltd. announced Monday that they have extended an existing partnership to include utilisation of Saipem’s FlatFish underwater drone robotic technology. The drone will be used for environmental monitoring and inspection of asset integrity. The existing contract between Saipem...
News

CGX, Frontera farmout deal gets conditional approval from Toronto stock exchange

OilNOW -
CGX Energy Inc. said Monday that the TSX Venture Exchange (TSXV) gave conditional approval for the agreement it made to farm out a majority stake in the Corentyne Block to Frontera Energy Corp. The agreement remains subject to certain confirmations from the...
News

Time running out for T&T to offer more investor-friendly contract terms – Energy Chamber

OilNOW -
The Trinidadian government had expressed openness to revising Production Sharing Contracts (PSC) to stimulate new investment in the twin-island Republic. The Energy Chamber of Trinidad and Tobago had called for this to be done. Upping its plea to the administration,...
Exploration

Frontera extends repayment deadline for US$19M loan CGX took to cover Guyana projects

OilNOW -
CGX Energy Inc. said the maturation date for a US$19 million convertible loan it took for Guyana projects has been moved. The loan outstanding to Frontera Energy Corp., was previously announced on April 16, 2021 and May 28, 2021. With original...
News

Guyana greenlights CGX’s Wei-1 drill campaign

OilNOW -
CGX Resources Inc. said Monday that its joint venture with Frontera Energy Corp. was granted an environmental permit for drilling of the Wei-1 exploration well by Guyana’s Environmental Protection Agency (EPA). The company also confirmed its definitive agreement with Maersk...
Discoveries

TotalEnergies, Eni announce significant gas discovery off Cyprus

OilNOW -
TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus...
News

Over 900 people on six rigs supporting safe drilling operations offshore Guyana – Routledge

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President of ExxonMobil Guyana, Alistair Routledge, said in a recent interview that there are over 900 highly trained people in total, stationed on the Stena Carron, Stena DrillMax, Noble Bob Douglas, Noble Tom Madden, Noble Don Taylor and Noble...
Exploration

High-impact well activity to bounce back after one-year slump – Rystad Energy

Shikema Dey -
Norway-based Rystad Energy expects a rebound of high-impact drilling after what was described as a “disappointing” 2021 with success rates plunging to record lows. Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect,...
News

Guyana pushing massive road projects; more than 100,000 new vehicles registered in 5 years

OilNOW -
In the past five years, the Inter-American Development Bank (IDB) has found that more than 100,000 new vehicles were registered in Guyana with 1,176 vehicles occurring every month. In one of its recent project documents, the financial institution said...
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Platts to launch tanker assessments for growing Guyana crude flows to Europe 

Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1...

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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