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Exploration

Exxon forges ahead with exploration drilling at Pinktail, Cataback

OilNOW -
ExxonMobil is forging ahead with its aggressive exploration and appraisal drilling programme offshore Guyana with new prospects being targeted at the 6.6 million acres Stabroek Block. The Noble Sam Croft drill ship is probing Pinktail-1, located 104 nautical miles (192.6...
News

High-level Suriname delegation visits UK-based EnerMech at Guyana Shore Base

OilNOW -
Chief Executive Officer of Staatsolie Maatschappij Suriname, Mr. Anand Jaggesar and other senior staff, accompanied by Suriname Minister of Foreign Affairs, International Business and International Cooperation Albert R. Ramdin and Minister of Natural Resources David Abiamofo, recently visited EnerMech Guyana Inc....
News

Exxon planning to cut staff by up to 10% at U.S. offices over next 3 to 5 years

OilNOW -
(Bloomberg) -- Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to...
News

Guyana, Suriname will eat up more deep water investments as majors double down

OilNOW -
Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under...
News

Avoid using oil money as ‘emergency slush fund’, urges financial analyst

OilNOW -
Challenges brought on by unprecedented flooding across Guyana and the impact of the COVID-19 pandemic have seen some sections of the populace calling for government to tap into the Natural Resource Fund (NRF) which currently holds over US$344M in...
News

Aberdeen-Guyana Gateway to explore opportunities in South America’s new oil province

OilNOW -
Guyana’s continuing emergence as an energy hub will be explored during an online event which is due to take place on Tuesday, June 22 and Wednesday, June 23. Hosted by Aberdeen-based Granite PR, the Aberdeen-Guyana Gateway will move online for...
News

Qatar Petroleum upbeat about increasing its presence in new South America hot spot

OilNOW -
Qatar Petroleum is increasing its presence in the Guyana-Suriname Basin where latest estimates put recoverable oil equivalent resources to well over 20 billion barrels, representing double what has been discovered so far across the new South American oil province. Suriname...
Opinions

A two-fold approach to lower emissions in Guyana: Exxon’s carbon capture strategy and a potential government carbon tax

OilNOW -
By Arthur Deakin – OilNOW The International Energy Agency (IEA) recently set out a narrow roadmap for the world to reach net zero carbon emissions by 2050. Annual renewable energy capacity will have to be added at four times the...
News

Sustainable Energy Council announces World Hydrogen Advisory Board of industry leaders

OilNOW -
The London-based sustainable events, business council and training provider has published the initial group of senior decision makers from global companies in the energy and hydrogen industry, who will be a guiding force behind the SEC World Hydrogen Series...
News

One Basin Three Nations launches Regional Energy Training and Technology Center

OilNOW -
One Basin Three Nations (OBTN) has launched a new Regional Energy Training and Technology Center based in Suriname, created by joining forces with strategic internationally established industry partners such as MINTRA Group, Technology Catalogue and IN-VR. OBTN’s said its...
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Tourism minister calls for cultural shift, stronger service standards to power Guyana’s next economic phase

Tourism, Industry, and Commerce Minister Susan Rodrigues has called for a national cultural transformation to align with Guyana’s rapid...

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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