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Exploration

Bulk of current drillship demand in ‘golden triangle’ where Guyana offshore remains busy

OilNOW -
The bulk of current drillship demand is in the so-called golden triangle area which comprises the Gulf of Mexico (US and Mexico), South America (Brazil, Guyana & Suriname), and Africa (west, south, and east coasts). These regions account for...
News

WoodMac sees US$10 Brent oil coming, majors facing decline on scale never before seen

OilNOW -
The action to achieve Paris climate goals will upend oil and gas prices. Under consultancy group Wood Mackenzie’s Accelerated Energy Transition Scenario (AET-2), all National and International Oil Companies face decline, and the sector will see asset impairments and...
News

Opposition Leader seeking meeting with ExxonMobil over gas compressor issue

OilNOW -
Leader of the Opposition in Guyana, Joseph Harmon, has written to President of Esso Exploration and Production Guyana Ltd. (EEPGL), Alistair Routledge, seeking a meeting to address matters related to the challenges the company has been facing with the...
Exploration

ExxonMobil drilling operations continue at Turbot-2, Bulletwood-1

OilNOW -
ExxonMobil is continuing its drilling operations offshore Guyana at the Turbot-2 prospect in the Stabroek Block and at Bulletwood-1 in the adjacent Canje acreage. The recently arrived Noble Sam Croft is undertaking exploration drilling activities at Turbot-2 located approximately 103...
News

Guyana, Suriname and Brazil delivered over 3 billion barrels of oil equivalent in 2020

OilNOW -
Between continued exploration success within the Guyana-Suriname basin, increasing M&A activity in the Brazilian offshore space and record production out of the Vaca Muerta in Argentina, consultancy group Rystad Energy said the Latin America region continues to display its...
News

Shell to kick off Brazil drilling campaign in second half of 2021

OilNOW -
(S&P Global Platts) Shell plans to carry out a drilling campaign offshore Brazil in the second half of 2021, Shell Brasil President Andre Araujo said April 16. "Yes, we're going to have a drilling campaign in 2021, with the timing...
News

T&T Energy Minister Franklin Khan passes away

OilNOW -
Trinidad and Tobago’s Energy Minister Franklin Khan has died. Loop News said in an article on Saturday morning that a government official confirmed his death. A former energy ministry official also confirmed Khan’s passing to OilNOW on Saturday. According to...
News

Guyana must accept it has crucial skills shortage for oil sector; temper local content expectations – Greenidge

OilNOW -
The reality facing Guyana, the world’s most envied deepwater exploration hotspot, is that it suffers from a crucial shortage of skills required for the oil sector. It must therefore temper its expectations as it seeks to lay down the...
News

Schlumberger one step closer to setting up US$750,000 storage, calibration facility in Guyana

OilNOW -
Oilfield Services Company Schlumberger is one step closer to setting up a source storage and calibration facility in Guyana to support the offshore exploration and production activities in the South American country. The company had submitted an application to the...
News

Frontera loans CGX US$19M to cover costs for Guyana projects

OilNOW -
Frontera Energy Corporation has disclosed that it loaned its joint venture partner, CGX Energy Inc., US$19 million so that it would be able to cover its share of the costs related to the Corentyne, Demerara, and Berbice blocks; the...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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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