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Public scoping meetings will greatly assist in determining the best way to develop gas-to-power project – EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) on Thursday, July 8, kicked off its first virtual public scoping meeting on the proposed US$900 million gas-to-energy project, emphasising the need for members of the public to share their concerns and recommendations, which...
News

Exxon technology, carbon tax could pave a low-carbon path for Guyana’s oil and gas sector

OilNOW -
Co-Director of Energy Practice at America’s Market Intelligence (AMI), Arthur Deakin believes new oil producer Guyana could pave a low carbon path for its oil and gas sector with the help of ExxonMobil’s carbon-capturing utilizing and storage technology (CCUS),...
News

TechnipFMC, Halliburton providing fiber optic solution for Exxon’s Payara Development

OilNOW -
Oilfield Service Companies TechnipFMC and Halliburton have received an OTC Spotlight on New Technology Award® (SONT) for their Odassea™ Subsea Fiber Optic Solution, an advanced downhole fiber optic sensing system. U.S. oil major ExxonMobil selected the solution for its...
News

Trinidad needs to pour investments into deepwater exploration to reverse decline, says GlobalData

OilNOW -
Production of natural gas, the main commodity in Trinidad and Tobago (T&T), has been declining ever since 2015. Future gas output is projected to stay below 2017 numbers and then decline at a higher rate after 2024. In order...
News

Oil prices fall third day in a row amid OPEC+ uncertainty

OilNOW -
(Reuters) - Oil prices fell for a third day on Thursday amid uncertainty over supply after the collapse this week of talks among major producers which could potentially cause the current output agreement to be abandoned. Brent crude oil futures...
News

South America imported record levels of LNG in June

OilNOW -
(S&P Global Platts) LNG imports into South America reached a record high in June led by strong demand from Argentina and Brazil. Data from S&P Global Platts showed South American imports reaching 84 Bcf in June, slightly higher than the...
News

CGX Energy begins drilling operations at Kawa-1

OilNOW -
CGX Energy Inc. has commenced drilling operations at the Kawa-1 prospect on the Corentyne block located approximately 90 nautical miles (167 kilometers) offshore Guyana. Kawa-1 is expected to be drilled to a depth of around 6,500 metres in water depth of...
News

Failure to work together can see Guyanese businesses being outmatched by foreign investors

OilNOW -
Authorities in Guyana are upping the call for local businesses to work together so that they are better positioned to tap into the growing opportunities being presented as a result of the oil and gas activities in the South...
News

OPEC+ brinkmanship pushing oil prices, reminds markets of inflation pain points

OilNOW -
(Reuters) - OPEC+ brinkmanship has taken oil prices towards $80 a barrel, the highest since 2018, threatening to upend central banks' transitory inflation narrative as well as the post-pandemic economic recovery. Last year's Saudi-Russian oil war showed that disputes between...
Exploration

Eni makes significant oil discovery offshore Ghana

OilNOW -
Italian multinational oil and gas company Eni said it has made a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban - 1X well is the second well drilled in CTP Block...
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Latest News

NewsShikema Dey -

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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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