Featured

Featured posts

News

Tullow plans to ‘unlock value’ from Guyana oil block, Suriname well results expected soon

OilNOW -
Tullow Oil said on Wednesday it is working with its partners offshore Guyana to develop plans for unlocking value from the Kanuku licence. The company also announced that drill results from the Goliathberg-Voltzberg North well at Block 47 in...
News

Deeper probe of Keskesi East-1 encounters ‘substantial pressure’, Noble drillship released

OilNOW -
APA Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today updated the operational status of the Keskesi East-1 discovery well offshore Suriname. As announced on Jan. 14, 2021, Keskesi East-1 discovered oil, volatile oil and condensate in the Upper Cretaceous-aged...
News

Brent, WTI forecasts revised 14% higher

OilNOW -
(S&P Global Platts) The US Energy Information Administration revised its crude price forecast higher in its monthly Short-Term Energy Outlook released March 9 amid tightened first quarter supply outlooks. The EIA now expects Brent crude prices to average $60.67/b in...
News

Ramps Logistics launches new cargo service in Guyana

OilNOW -
Ramps Logistics is now offering its new “Less Than a Container Load” (LCL) direct service from Miami to Guyana. “We have realized the increased need for this service since the COVID-19 Pandemic has slowed global business operations,” the company said....
Exploration

2021 could be busiest year ever for exploration at Stabroek block

OilNOW -
2021 is shaping up to be a significant period for exploration and appraisal operations in the Guyana-Suriname basin with targets at the prolific Stabroek block potentially making it the busiest year ever for drilling activities at that ExxonMobil-operated acreage. More...
News

Biggest draw out is in oil and gas, but opportunities abound in other sectors – U.S Ambassador

OilNOW -
With Guyana’s oil industry rapidly expanding and production set to surpass 750,000 barrels per day by 2026, the focus on avoiding the dreaded ‘resource curse’ continues to engage public attention. This has seen diversification of the economy being put...
News

Stena Drilling will get US$411 million payment from Samsung over rig dispute

OilNOW -
A London arbitration tribunal has determined certain issues in dispute between Stena Atlantic Limited and Samsung Heavy Industries Co, Ltd. (SHI) over the construction of a harsh environment semi-submersible drilling unit, formerly known as “Stena MidMAX”. The Contract for the...
News

EPA, GGMC carrying out inspections on Liza Destiny FPSO, preparations underway for return of compressor – ExxonMobil

OilNOW -
Preparations are underway on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel for the return of the flash gas compressor and silencers from MAN Energy solutions in Germany. ExxonMobil Guyana said in an operations update on Monday that...
Exploration

CGX Energy says drilling Guyana wildcats to cost $US90 million

OilNOW -
CGX Energy Inc. said it is moving ahead with plans to spud the Kawa-1 and Makarapan-1 exploration wells on its Corentyne and Demerara blocks offshore Guyana. The Kawa-1 exploration well on the Corentyne block is currently expected to be drilled...
Exploration

Exploration success on decline globally while Guyana continues to add billions of barrels

OilNOW -
The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat wells, a Rystad Energy analysis reveals. In 2020, the success rate of these drilled...
1...592593594...985Page 593 of 985

Latest News

NewsOilNOW -

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.

Quick Access

Company Info

Social Networks