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Chevron, Exxon focusing on offshore Americas, from US Gulf to Guyana

OilNOW -
(S&P Global Platts) The largest integrated US producers remain focused on deepwater production in the Americas, from the tried-and-true US Gulf of Mexico to the expanding pioneer fields offshore of Guyana, Suriname, and potentially other South American nations. Chevron and...
News

U.S. to sell 18 million barrels of oil from strategic reserve

OilNOW -
(Reuters) - The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from its strategic petroleum reserve (SPR) on Dec. 17, as part of a previous plan to try to reduce gasoline...
News

Major Guyana projects pushing oilfield service growth – Rystad Energy

OilNOW -
Norway-based Rystad Energy recently examined how an accelerated transition to cleaner fuel sources could impact oil and gas suppliers. Using its own data-driven forecasts for energy supply, the energy research and business intelligence company concluded that a rise of 1.6°C...
Exploration

“The numbers are incredible” – Exxon says of Guyana mega discoveries

OilNOW -
With an average volume of 300 million barrels of oil equivalent per discovery and a record 80 percent success rate, the pioneering oil fields offshore Guyana, particularly at the prolific Stabroek Block, continue to deliver big pay with low...
News

Argentina’s biggest oil and gas producer looking to boost LNG export capacity

OilNOW -
(S&P Global Platts) YPF, the biggest oil and natural gas producer in Argentina, is doing preliminary studies to prepare for building LNG export capacity as gas production grows in the giant Vaca Muerta shale play and projects get underway...
Opinions

A bird in the hand and a block offshore…

OilNOW -
By A. Bacchus Lately, I’ve found myself continuously involved in conversations centered on the oil and gas industry, and what it really means for the people of Guyana. The topic has dominated my academic life, and at least twice weekly,...
Exploration

Experts say more drilling needed as Guyana now on course to help fill major supply gap

OilNOW -
Organizations such as the Paris-based International Energy Agency (IEA) have recommended that there be no new petroleum exploration projects if the world is to avoid more catastrophic effects of climate change. But another report by two recognized organizations is...
News

EPA partners with fisherfolk for marine surveillance offshore Guyana

OilNOW -
Head of the Environmental Protection Agency (EPA), Kemraj Parsram has taken a proactive approach for the future monitoring of discharges from oil operations offshore. On Thursday, the Chief Environmental Regulator and members of his Petroleum and IT Departments met...
News

Local content legislation, NRF amendments to be laid in parliament on Dec. 16 – VP confirms

OilNOW -
Guyana's Vice President Dr. Bharrat Jagdeo has given confirmation that the amendments to the Natural Resources Fund (NRF) and the local content Bill will be tabled in the National Assembly next week Thursday, December 16. The Vice President confirmed...
News

Republic Bank to arrange US$200M in loans for emissions reduction projects

OilNOW -
Managing Director of Republic Bank Limited, Mr. Nigel Baptiste recently disclosed that the financial institution intends to arrange US$200 million to go towards activities that reduce the impacts of climate change and create environmental solutions by 2025. The President and...
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Latest News

NewsKemol King -

Chevron CEO hails Hess deal as 2025’s biggest U.S. merger, bets on lasting oil demand

Mike Wirth, Chief Executive Officer of Chevron, defended the company’s oil-first strategy in a recent interview with the New...

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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