(S&P Global Platts) Global oil and gas producers, facing a pummeling from environmental activists and shareholders, can rely at least for a while on persistent oil demand and a need for their expertize and scale, even as pressure increases...
Heavy rainfall continues to affect regions across Guyana with severe flooding in several communities. Relief efforts have been ongoing in the areas affected and this is expected to continue in the coming days.
Mid Atlantic Oil & Gas Inc. donated...
Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered since 2015.
According to Westwood Global...
Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...
The International Energy Agency (IEA) said Tuesday that under an energy scenario needed to put the world on a path to net-zero emissions by 2050, no new oil and gas developments should be sanctioned beyond those already approved for...
Exploration drilling in the Canje Block offshore Guyana will be key to determining if the upper-cretaceous play can be extended in a basin where over 9 billion barrels of oil equivalent have been found in the adjacent Stabroek Block...
(S&P Global Platts) Brazil's National Petroleum Agency expects the number of exploration wells drilled off the country's coast to nearly quadruple in 2021 to 19 wells as oil companies ramp up activity and the coronavirus pandemic wanes, the regulator's...
In addition to Uaru-2, three other discoveries offshore Guyana – Liza Deep, Tripletail and Yellowtail – have had deeper penetrations into the Santonian. That deeper interval is found not only at the prolific Stabroek Block, but also extends east...
Preparations for the 220,000 barrels per day (bpd) Liza Phase 2 and Payara developments offshore Guyana are moving ahead on schedule and will soon add to the 120,000 bpd Liza Phase 1 project, effectively pushing Guyana’s output at peak...
The planned exploration and appraisal drilling campaigns offshore Guyana are now in high gear with forays set to start and others ongoing at multiple wells in the 6.6 million acres Stabroek Block.
OilNOW understands that the Stabroek Block exploration programme...
