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Exploration

Oceaneering awarded contract by ExxonMobil for Guyana surveys

OilNOW -
Oceaneering International has been awarded a contract from ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) to provide two surveys offshore the South American country. The contract award covers a towed and autonomous underwater vehicle (AUV) geophysical survey and...
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UN Report says planet has spent 86% of carbon budget, humanity in ‘code red’ situation

OilNOW -
A major scientific report by the Intergovernmental Panel on Climate Change (IPCC) has concluded that human activity has resulted in an unprecedented expenditure of the planet's "carbon budget," 86 percent of it to be exact, thereby leaving humanity in...
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Guyana EPA setting up real time monitoring of offshore operations

OilNOW -
Newly appointed Executive Director of the Environmental Protection Agency (EPA), Mr. Kemraj Parsram says the agency is working to improve, enhance and build its capacity and it plans to introduce real time technology, which can assist its monitoring of...
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Guyanese company offering ‘new age logistics with old world knowledge’

OilNOW -
Symmetry Brokerage and Logistics Service Incorporated (SBLS) is a fully owned and operated Guyanese company. Led by Chief Executive Officer, Lloyd Bart, it is raising the bar and setting the standard for Guyanese brokerage and logistics companies, particularly those...
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Guyana amends Petroleum Law to protect use of private lands in multimillion dollar projects

OilNOW -
Members of Guyana's National Assembly on Monday debated and passed the Petroleum (Production and Exploration) Amendment Bill-2021 which will now ensure proper oversight by the government during the acquisition of private lands by a licensee for major oil projects....
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Guyana receives US$79.6M for seventh oil lift

OilNOW -
The Government of Guyana through the Ministry of Natural Resources on Monday announced that the country received close to US$80M for the nation’s seventh oil lift. The proceeds have been deposited in the Natural Resources Fund account. Expounding on this...
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Guyana oil exploration takes place at depths of over 30 Kaieteur Falls

OilNOW -
Oil and gas exploration activities offshore Guyana take place at significant depths with the Tanager-1 well spudded on the Kaieteur block being the deepest well ever to be drilled so far by ExxonMobil off the South American country’s coast. Tanager...
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Talos looking for M&A opportunities outside GOM, highlights good results from Guyana

OilNOW -
Houston-based Talos Energy Inc. is looking for other growth opportunities which include places outside the Gulf of Mexico. The company is still doing everything to maximize value in its Zama discovery in Mexico after the authorities granted operatorship to state...
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Stabroek turning out to be one of the most prolific exploration success stories of all time

OilNOW -
It remains the block that keeps giving. Covering an area of 6.6 million acres, equivalent in size to 1,150 Gulf of Mexico blocks, the Stabroek block has so far delivered over 20 commercial discoveries pegged at more than 9...
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Oil drops 4% as virus concerns persist

OilNOW -
(Reuters) - Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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