Exploration

Exploration

Iran says oil field found with more than 50 billion barrels

OilNOW -
(Associated Press) Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude oil, its president said Sunday, a find that could boost the country's proven reserves by a third as it...
Exploration

Energy Department sees potential for 5th drillship operating at Stabroek block

OilNOW -
Director of Guyana’s Department of Energy, Dr. Mark Bynoe, says potential exist for a 5th drillship to be operating at the 6.6 million acres Stabroek Block where US oil major ExxonMobil has made a record 14 oil discoveries since...
Exploration

Guyana to place 3rd party verifier on FPSO for crude lifts

OilNOW -
Guyana's Crude Lifting Agreement is expected to be completed over the coming week. The agreement, which came out of a model designed by the Association of International Petroleum Negotiators (AIPN) in 2001, speaks to the specific lifts that the four...
Exploration

AAPG geosciences workshop in Suriname to focus on offshore oil potential

OilNOW -
The American Association of Petroleum Geologists (AAPG) is set to stage a Geosciences Technology Workshop (GTW) in Suriname to be held at the Torarica Hotel in Paramaribo on November 6-7, 2019. The workshop will focus on recent discoveries and exploration...
Exploration

Extensive logging exercise ongoing at Ranger 2 well

OilNOW -
Appraisal drilling and related activities are ongoing at the Stabroek Block offshore Guyana as US oil major ExxonMobil moves to assess several discoveries and map out future targets. Hess corporation, a 30% co-venturer on the block, provided an update on...
Exploration

World ‘awash’ in oil says US Energy Secretary

OilNOW -
(Bloomberg) Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview. U.S. shale production has turned the world...
Exploration

Halliburton, Repsol sign cloud data management deal for exploration and production

OilNOW -
Halliburton Company (NYSE: HAL) announced on Monday a multi-year agreement with Repsol to provide a cloud-based master data management solution for exploration and production (E&P) activities. The software as a service enables users to load, ingest, manage and access...
Exploration

Rowan Jack up rig arrives for Repsol drill campaign at Kanuku Block

OilNOW -
The Rowan/Valaris EXL II jack up rig has arrived in Guyana’s waters in preparation for drilling in the offshore Kanuku Block for Repsol, following its drilling campaigns in Trinidad over the past few years for petroleum giant BP. Services company...
Exploration

SBM close to deal with Chinese yard for FPSO hull

OilNOW -
Dutch floater specialist SBM Offshore could be close to an agreement with Chinese yard China Merchant Heavy Industry (CMHI) for construction of another new hull for a floating production, storage and offloading vessel (FPSO) under its Fast4Ward® design, according...
Exploration

Guyana among countries set to transform Latin America into oil production powerhouse

OilNOW -
Mexico and Venezuela have long been key oil producers of Latin America but with political uncertainty and market volatility mounting, a new generation of oil producing countries are set to transform the region. This includes the tiny country of...
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Guyana inks deal for second powership as holiday season approaches

The Guyana government has inked a contract for a second powership to be deployed in Guyana by UCC Holdings,...

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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