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Halliburton’s new logging service delivering hi-res images in oil-based mud

OilNOW -
StrataXaminer delivers the sharpest images in oil-based mud to visualize and quantify reservoir characteristics and reduce subsurface uncertainty. Halliburton Company (NYSE: HAL) today announced StrataXaminer™, a new wireline logging service that helps operators acquire more accurate well data to better evaluate...
News

One vast oil field has given Guyana the power to be energy independent – global analytics provider

OilNOW -
With a population of around 800,000 people, Guyana’s modest piece of global oil and gas output already makes a big difference to the South American country with a lead international analytics provider saying just the Liza reservoir alone gives...
News

New 180-ton crawler crane in place at Guyana’s largest shore base, local crew handling all lifting operations

OilNOW -
A new 180-ton crawler crane is now in place at the Guyana Shore Base Inc. (GYSBI) facility for loading and offloading vessels servicing the rapidly expanding operations offshore the new oil producing South American country. GYSBI General Manager Sean Hill,...
News

Suriname’s first 3 offshore discoveries expected to produce around 1.4 billion barrels of oil – Rudolf Elias

OilNOW -
The Outgoing Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname N.V., says the country’s first 3 offshore discoveries at Block 58 are expected to produce around 1.4 billion barrels of oil equivalent resources over time. Rudolf Elias, in...
Exploration

IEA landmark report calls for halt to global oil and gas developments, but cautions that each country would need to design its own strategy

OilNOW -
The International Energy Agency (IEA) said Tuesday that under an energy scenario needed to put the world on a path to net-zero emissions by 2050, no new oil and gas developments should be sanctioned beyond those already approved for...
News

Oil hits two-month high of $70

OilNOW -
(Reuters) Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia. The British economy...
Exploration

Drilling at Canje Block will determine if upper-cretaceous play can be extended

OilNOW -
Exploration drilling in the Canje Block offshore Guyana will be key to determining if the upper-cretaceous play can be extended in a basin where over 9 billion barrels of oil equivalent have been found in the adjacent Stabroek Block...
News

TechnipFMC clinches subsea contract for Ithaca Energy North Sea project

OilNOW -
TechnipFMC announced Monday that it has been awarded a significant Engineering, Procurement, Construction and Installation (EPCI) contract from Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK North Sea. TechnipFMC will design, manufacture, deliver and...
News

Yellowtail will catapult Guyana to world’s largest oil producer per capita – Analyst

OilNOW -
When ExxonMobil’s Yellowtail Development Project at the Stabroek Block comes on stream in 2025, Guyana will be producing over 800,000 barrels of oil per day. One analyst who has been following the Guyana oil story closely says this is...
News

ExxonMobil says it is global leader in carbon capture

OilNOW -
ExxonMobil is unbeaten globally when it comes to its involvement in carbon capture and storage (CCS), a process that mitigates the onset of global warming by reducing the volume of harmful gas emitted into the atmosphere. The company says its...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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