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Hess to plug $150 million more into Guyana operations from sale of Denmark assets

OilNOW -
Hess announced today that it has entered into an agreement to sell its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective...
News

BP facing heavy oil, drilling delays at flagship UK fields

OilNOW -
(S&P Global Platts) BP's flagship Clair and Schiehallion oil fields in the UK West of Shetland area have both been performing below expectations, with remedial measures such as new drilling expected to take time to implement, minority stakeholder Chrysaor...
Exploration

Disappointment for Tullow as Suriname well fails to deliver commercial crude

OilNOW -
Tullow Oil said on Thursday the Goliathberg-Voltzberg North (GVN) exploration well, drilled in Block 47, offshore Suriname, has reached total depth and encountered good quality reservoir but only minor oil shows. The Stena Forth rig drilled the GVN prospect to...
News

Guyana mega discoveries, exploration potential shine at opening of oil summit

OilNOW -
Guyana’s oil basin took center-stage as the virtual ‘Guyana Basins Summit 2021’ opened on March 17 with presenters declaring that the nation’s vast hydrocarbon resources could propel rapid development of the petroleum industry across the Guianas in north-eastern South...
News

President ramps up call for investment in pursuit of Guyana’s prosperity

OilNOW -
Guyana’s President, Dr. Irfaan Ali has reiterated his position that both foreign and domestic investment are pivotal to the country’s development and success and stressed that without this, the country’s resources are useless to its people. During his address at...
News

Guyana to become energy epicentre of Western Hemisphere – President Ali

OilNOW -
Given the resource development model his government intends to roll out, President of Guyana, Dr. Mohamed Irfaan Ali, confidently asserted today that Guyana will no doubt emerge as the economic and energy epicentre of the Western Hemisphere. The Head of...
News

Stena DrillMAX to spud Sapote-1 later this year, drilling at Jabillo to continue in May

OilNOW -
Oil exploration at the Canje Block offshore Guyana is moving into high gear with drilling at one well already completed, another underway and a third to be targeted later this year in what analysts say is a major foray...
News

Guyana preparing to produce billions of barrels of crude as global supply capacity set to erode

OilNOW -
Paris based International Energy Agency (IEA) said in its Oil 2021 report that the industry's spare capacity supply cushion will slowly erode in the absence of fresh upstream investments, shrinking to its lowest since 2016. The growth in supply, IEA...
Exploration

Guyana discoveries redefining Caribbean region’s oil potential – Dr. Anthony Bryan

OilNOW -
With 18 discoveries offshore Guyana equating to nine billion barrels of recoverable oil resources, the record-making results of oil exploration in the South American country has resulted in the re-examination of the Caribbean region as an oil-rich area. This is...
News

Major milestone reached as topsides lifting campaign for Liza Unity FPSO completed

OilNOW -
The topsides lifting campaign for the Liza Unity FPSO was recently completed and a major project milestone was achieved. Dutch floater specialist, SBM Offshore said on Tuesday thanks to the efforts of the integrated team, over 26,000 tons of topsides...
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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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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