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Oil drops as Delta variant spreads

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(Reuters) - Oil prices were down for a seventh straight session on Friday near three-month lows and heading for a weekly loss of over 7% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened...
News

Guyana, Suriname discoveries span around 100 million years of deposition – Exxon Senior VP

OilNOW -
The unprecedented discoveries in the Guyana-Suriname Basin formed the basis of discussions on day 3 of the Offshore Technology Conference at a session where key stakeholders shared their views and talked about upcoming exploration and production campaigns. Chief among...
Exploration

Repsol planning to drill another well offshore Guyana in 2022 – head of exploration

OilNOW -
Spanish oil company Repsol plans to drill another well offshore Guyana in 2022. Speaking at the Offshore Technology Conference this week, Tomas Zapata, Head of Exploration for the Americas, said the company is optimistic about hitting pay after the first...
News

Guyana-Suriname Joint Communique

OilNOW -
JOINT COMMUNIQUE ISSUED ON THE CONCLUSION OF THE OFFICIAL VISIT TO GUYANA BY HIS EXCELLENCY CHANDRIKAPERSAD SANTOKHI, PRESIDENT OF THE REPUBLIC OF SURINAME  AUGUST 17-20, 2021 At the invitation of His Excellency Dr Mohamed Irfaan Ali, President of the Cooperative...
News

TotalEnergies says decision on 1st Suriname offshore development by year end

OilNOW -
TotalEnergies, operator of Suriname’s Block 58, says by the end of the year it will be able to determine if an announcement of the first commercial development offshore the South American country will be made. The French oil major along...
News

Guyana basin discoveries approaching 13 billion barrels with much more to come, minister tells OTC conference

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, told attendees at the Offshore Technology Conference on Wednesday discoveries in the Guyana Basin are now likely approaching 13 billion barrels of oil equivalent resources and that he expects there will be...
News

“Overwhelming interest’ shown in South America’s new oil producing nation at OTC

OilNOW -
The Guyana Shore Base Incorporated (GYSBI) is elated over the “overwhelming interest” its operations, and the country by extension, has received at the Offshore Technology Conference (OTC) in Houston, Texas which concludes today. “So far, it’s been three days of non-stop...
News

Guyana and Suriname discuss establishment of common oil & gas strategy

OilNOW -
Guyana and its sister Caribbean Community (CARICOM) nation, Suriname, have initiated discussions on the likelihood of establishing a common strategy for the development of their oil and gas sectors. “As you are aware, both parties here have similarities and have...
News

Guyana and U.S. firms enter strategic partnership at OTC

OilNOW -
Guyanese firm GAICO Construction Services signed a Memorandum of Understanding with Myer Marine Services and Hargrove EPC on Wednesday at the Offshore Technology Conference in Houston, Texas. The signing occurred with David Myer, President of Myer Marine Services, Ralph Hargrove,...
News

Guyana, Houston business groups hold talks, looking at upcoming trade missions

OilNOW -
Officials from the Georgetown Chamber of Commerce and Industry (GCCI) and the Greater Houston Partnership held discussions this week on the sidelines of the Offshore Technology Conference. GCCI President, Timothy Tucker, told OilNOW on Tuesday the discussions focused on strengthening...
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Latest News

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Stabroek Block reaches 51 discoveries as Liza’s breakthrough continues to shape Guyana’s oil future

Guyana’s Stabroek Block now has 51 discoveries filed with the Ministry of Natural Resources. ExxonMobil confirmed the figure in...

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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