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Exploration

Guyana, Suriname leading Caribbean drilling – what about T&T?

OilNOW -
Originally published in the Geological Society of Trinidad and Tobago (GSTT) HAMMER Magazine – February 2021 The CARICOM region is now one of the hot spots globally for oil and gas activity, with most of the drilling taking place in Guyana...
News

Guyana seeking internationally recognized law firm in push to boost legal, regulatory framework for oil & gas

OilNOW -
The Government of Guyana has applied for financing in the amount of US$20 million from the World Bank toward the cost of the Guyana Petroleum Resources Governance and Management Project (GPRGMP) and it intends to apply part of the...
News

Explosions rock oil refineries in northern Syria

OilNOW -
(Reuters) - Missile strikes in northern Syria near the Turkish border killed one person and injured at least eleven others on Friday, Turkish state media and a source from the Turkish-backed faction that controls the region said. Explosions rocked local...
Exploration

ExxonMobil to drill Koebi-1 in 30 days, Whiptail in May – Hess COO

OilNOW -
Even though the Canje block’s wildcat - Bulletwood-1 - did not result in a commercial discovery, ExxonMobil and its partners, Hess Corporation and CNOOC are still laser-focused on their exploration and appraisal work which will continue on the prolific...
News

Reduction in flaring expected soon as gas compressor set to return

OilNOW -
All repairs to the Liza Destiny FPSO flash gas compressor have been completed at the MAN Energy Solutions workshop in Germany and the equipment is expected to be returned to Guyana by the end of the month. “The compressor has...
News

Caribbean Energy Technology Platform to be launched in Q2 2021

OilNOW -
TechnologyCatalogue.com, fastest-growing global platform for technology solutions in the energy sector, has joined forces with One Basin Three Nations (OBTN) to help in the faster uptake of technology in the Caribbean energy sector. The partnership will bring Caribbean Energy Technology...
News

Oil soars to highest levels in almost 14 months

OilNOW -
(Reuters) - Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery...
News

ExxonMobil Singapore workforce to see 7% reduction by year-end

OilNOW -
As a result of the unprecedented effects of the novel coronavirus on the industry, ExxonMobil has announced that its Singapore office is anticipated to see a 7 percent cut in its workforce of more than 4000 employees by year-end....
News

Bulletwood delivers ‘non-commercial’ find but in quality reservoirs

OilNOW -
The drill campaign at the Bulletwood-1 prospect on the ExxonMobil-operated Canje Block has concluded and according to preliminary results, the well encountered quality reservoirs but non-commercial hydrocarbons. “Bulletwood-1, the first well in the Canje block has confirmed our seismic interpretation...
News

Exxon planning to submit plan for 4th major development at Stabroek Block by year-end

OilNOW -
U.S Oil major ExxonMobil, operator at the 6.6 million acres Stabroek Block in Guyana, is planning to submit a development plan to authorities in the South American country for its fourth project offshore, by the end of the year. The...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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