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BP delivers first gas for T&T’s Matapal project

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BP Trinidad and Tobago LLC (bpTT) on Monday confirmed its Matapal project has safely achieved first gas. The major milestone was achieved ahead of schedule and under budget despite the constraints brought about by the COVID-19 pandemic. Matapal is bpTT’s...
Exploration

Tullow looking to bring in partners, reduce capital exposure in Guyana

OilNOW -
UK-based Tullow Oil said last week that strong operational performance in the first half of the year and transformational debt refinancing have put the company on a firm footing to deliver its business plan, even as it looks to...
Exploration

More than 600,000 wells to be drilled globally between 2021 and 2030 – Rystad Energy

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Global drilling activity is poised to bounce back from a tough 2020 with close to 58,000 wells lined up for this year and over 600,000 expected to be drilled by 2030, according to Norway-based energy research and business intelligence...
News

Iraq, Baker Hughes developing 200 MMcf/d gas project amid plans to end flaring

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(S&P Global Platts) Iraq's state-owned South Gas Co. and Baker Hughes plan to develop a 200 MMcf/d gas recovery project in the south following a three-year delay, the oil minister said Sept. 19, as part of plans to end...
News

SABIC, ExxonMobil JV in U.S. preparing for initial startup

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(Reuters) - Saudi Basic Industries, the world's fourth-biggest petrochemicals firm, said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup. The project includes the establishment of...
Exploration

Accelerate-Her weekend bootcamp building capacity of Guyanese women entrepreneurs

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The first batch of Guyanese women entrepreneurs participated over the weekend in a bootcamp organised by the Centre for Local Business Development under its Accelerate-Her programme. This programme is funded by ExxonMobil Guyana and Stabroek Block co-venturers Hess and...
News

Local Content—the GCCI has the right idea

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By A. Bacchus – OilNOW There’s a national song that I recited weekly in school, with a chorus that has over the years been used as a motto for quite a few movements— “Can we do it? Yes, we can.” ...
News

Price signals are screaming market needs more gas

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By Ed Crooks - Vice-Chair, Americas - Wood Mackenzie The price system, in the famous words of the economist and philosopher Friedrich Hayek, is “a mechanism for communicating information… which enables individual producers to watch merely the movement of a...
Opinions

Guyana’s oil and gas development will offer another strong rebuke against Venezuelan aggression

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By Wazim Mowla – OilNOW The development of Guyana’s oil and gas sector is its best chance to maintain its territorial integrity and sovereignty against unsubstantiated claims and aggression by Venezuela. The border controversy has plagued Guyana’s relations with Venezuela...
News

GEC-X attracting major support among Guyanese business groups, other partners

OilNOW -
In a show of overwhelming support, the Georgetown Chamber of Commerce and Industry (GCCI), on Thursday signed several Memoranda of Understanding (MoU) with the Guyana Oil and Gas Energy Chamber (GOGEC); Women’s Chamber of Commerce and Industry Guyana (WCCIG);...
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ExxonMobil’s Longtail project to operate for 30 years, producing premium condensate and gas

ExxonMobil’s next development offshore Guyana, the Longtail project, is being designed to operate for three decades, making it the...

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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