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Exploration

Maersk Drilling upbeat about Guyana campaign, rig now booked for second well

OilNOW -
CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct...
News

New ‘up-and-coming petro-power’ has opportunity to broaden trade, foreign policy partners

OilNOW -
A potential new element in the changing face of geopolitics is emerging in the Southern Caribbean and this could present new opportunities for South America’s newest oil producing nation. So says Scott B. MacDonald, Chief Economist for Smith’s Research...
News

No major economy on track to meet 45% reduction in annual emissions by 2030 – WoodMac Analyst

OilNOW -
Following the release of a damning report by the United Nations' (UN) Intergovernmental Panel on Climate Change (IPCC) which is essentially another stark reminder for world economies to raise their climate ambition, Wood Mackenzie has stepped into the debate...
News

Monster hurricane pushes Gulf of Mexico oil, refining output almost to zero

OilNOW -
Seeking Alpha - Hurricane Ida Update More than 90% of oil production in the Gulf of Mexico has shut down as Hurricane Ida plows toward the Louisiana coast, threatening an area that is home to 17% of U.S. oil production, 5%...
News

Drilling at Sapote-1 has begun, JHI confirms

OilNOW -
The Stena DrillMAX has begun drilling the Sapote-1 prospect at the Canje Block, JHI Associates Inc. said on Sunday. The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap.  The well is approximately 255 km northeast...
Exploration

Explorers betting big on Kawa-1, confident of hitting pay in major comeback

OilNOW -
Updated August 29, 2021 CGX Resources Inc. (CRI), operator of the Corentyne block offshore Guyana, believes the chance of finding hydrocarbons at the Kawa-1 prospect has increased since the company last drilled wells in the South American country back in...
News

Major drill campaigns happening at multiple blocks in busiest period yet for Guyana offshore

OilNOW -
Rigs are on the hunt for commercial crude at three blocks offshore Guyana, all at the same time. Drill campaigns are underway at the Stabroek, Canje and Corentyne blocks in what is now the busiest period the offshore basin...
Opinions

Guyana, India and oil in the Southern Caribbean

OilNOW -
By Scott B. MacDonald – OilNOW India is one of the world’s major oil consumers and Guyana is an up-and-coming petro-power. In March 2021, HPCL-Mittal Energy Ltd., a joint venture between state-run Hindustan Petroleum Corporation and Mittal Energy Investment, bought...
Opinions

Becoming a link in the supply chain – where do we start?

OilNOW -
By A. Bacchus - OilNOW Local content has been the talk of the town since the oil and gas industry started developing in Guyana; everybody wants a piece of the pie. For citizens, it’s been questions on the possibility of...
News

More than 90% of Gulf crude oil offline as Hurricane Ida rips through region

OilNOW -
(S&P Global Platts) Oil and gas producers were racing Aug. 28 to shut in the vast majority of volumes in the US Gulf of Mexico as Hurricane Ida continued to whip through the region a day ahead of its...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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