Exploration

Exploration

Oil majors incurred record loss in 2020, output fell by almost 1 million bpd

OilNOW -
The downturn brought by the coronavirus pandemic and the accelerating energy transition has created a new reality for the world’s oil and gas industry, whose production will peak lower and earlier than expected before the 2020 market crisis, a...
Exploration

Baker Hughes says U.S. drillers add oil and gas rigs for 12th week in a row

OilNOW -
(Reuters) - U.S. drillers this week added oil and natural gas rigs for a 12th week in a row, the longest streak of additions since June 2017, as crude prices hit their highest in more than a year. The oil...
Exploration

Guyana among top 10 countries where subsea boosting can add millions of barrels of oil to output – Rystad Energy

OilNOW -
Subsea boosting, which is the most mature technology within the subsea processing toolbox, can add millions of barrels to recoverable reserves and Guyana has been identified as one of the top 10 countries where such an intervention can be adopted. Norway-based...
Exploration

World on track to run out of sufficient oil supplies, Rystad Energy analysis shows

OilNOW -
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the coronavirus pandemic and the accelerating energy transition – unless exploration speeds up significantly and...
Exploration

Exxon, Shell and CNOOC could be most active explorers by end of 2021 – Westwood Energy

OilNOW -
ExxonMobil, Shell and CNOOC are expected to be the most active explorers by the end of 2021 with a significant portion of the offshore activity taking place in Guyana where multiple prospects remain on the prolific Stabroek block and...
Exploration

Thirst for exploration to continue in 2021 with 38 High Impact Wells planned – IHS Markit

OilNOW -
The search for oil in key hotspots across the globe is expected to continue in earnest this year and this will see approximately 38 High Impact Wells (HIWs) being drilled, according to American-British information provider, IHS Markit. Jack Rivers, Director...
Exploration

Bulletwood, Bonboni key wells to watch as exploration takes off in the Americas this year – Westwood

OilNOW -
Guyana and Suriname remain two major hotspots for exploration activity in 2021 with a number of key wells to watch as the Americas take the lead in the hunt for hydrocarbon resources this year. Westwood Global Energy Group said in...
Discoveries

Guyana could find more oil, and closer to shoreline

OilNOW -
Experts in the oil and gas industry believe that more oil could be discovered closer to Guyana’s shoreline in the coming years with one official saying that the hydrocarbon resources found at the Stabroek block so far is just...
Exploration

Guyana delivered, global exploration picked up…then the pandemic struck

OilNOW -
A Wood Mackenzie analysis from Andrew Latham, Kristina Beadle, and David Parkinson  The global exploration industry was in a good place at the start of 2020, having recovered from a decade of high costs and poor monetisation. In this article Wood Mackenzie shares...
Exploration

Permit delays in Brazil could see Guyana emerge as deepwater winner for investments

OilNOW -
Oil companies operating in Brazil have long complained about delays getting drilling permits and environmental impact reports approved by the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Just recently, S&P Global Platts reported that Brazil’s National Energy...
1...282930...56Page 29 of 56

Latest News

NewsOilNOW -

Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a...

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.

Quick Access

Company Info

Social Networks