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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...
News

Guyana exploring alternate uses for excess gas when landmark project comes on stream

OilNOW -
Authorities in Guyana have begun looking at alternate uses for the excess gas from the US$900 million gas-to-energy project set to come on stream by 2024. While energy generation from the landmark project is the government’s primary focus, Natural Resources...
News

Tanager-1 estimated to contain over 65 million barrels of oil

OilNOW -
Tanager-1, one of the deepest wells ever to be drilled offshore Guyana, is estimated to contain around 65.3 million barrels (MMBBL) of oil as part of a ‘best estimate’ provided in a report compiled by consultants Netherland, Sewell &...
News

Oil posts biggest weekly gains in over a year

OilNOW -
(Reuters) - Oil prices rose 2% on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead of a major hurricane expected to hit early next...
News

Ancient river systems that formed 1000m deep canyon now delivering oil offshore Guyana

OilNOW -
Updated August 28, 2021 The Berbice River in Guyana, during the early period of the planet’s formation  helped “drain” the northern part of South America to form a 1,000 metre deep canyon believed to be the basis of the stratigraphic traps...
News

Transport of sanctioned oil cargoes weakening tanker market – earnings hit lowest point in years

OilNOW -
(Bloomberg) -- The world’s fleet of giant supertankers is the oldest it has been since 2002, the latest sign of an illicit trade that owners say is damaging business. Publicly traded shipowners have said for months that the transport of...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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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