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Message from Guyana’s President on the occasion of the country’s 55th Independence Anniversary

OilNOW -
Address by His Excellency Dr Mohamed Irfaan Ali President of the Co-operative Republic of Guyana on the occasion of Guyana’s 55th Independence Anniversary Honourable Prime Minister, Madam Chancellor of the Judiciary, Former Presidents, Ministers of Government, Heads of Service, Members...
News

AAPG, SPE exploring merger to create ‘energy professionals’ organization for the future’

OilNOW -
The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announced Tuesday that they are exploring the benefits and opportunities of a merger that would create the ‘energy professionals' organization for the future’. With unanimous consent...
News

Asset sales, maintenance in T&T and elsewhere will see BP output dropping this quarter

OilNOW -
In a group results statement for Q1 2021, BP said second quarter production will be even lower than the first quarter in both its conventional operations and newly created 'gas and low carbon' unit. This is due to a...
News

Guyana ranks first for total resources discovered since 2015, Suriname takes giant leap

OilNOW -
Guyana has emerged as the world’s most exciting new oil province since a major offshore discovery in 2015 placed the country in the spotlight. The more than 18 discoveries made since that time at the prolific Stabroek Block have...
News

Halliburton confirms it’s on track for close to 100% local services in Guyana by year-end

OilNOW -
Halliburton has confirmed that by the end of this year close to 100% of its services will come from Guyana where it has been operating since 2015. The Oil field service company has been steadily expanding its activities in...
News

Oil near one-week high

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(Reuters) Oil prices slipped on Tuesday but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. Brent crude futures were down...
News

Hess bumps up stake in Kaieteur Block as basin prospects remain prolific

OilNOW -
Westmount Energy Ltd., a company that holds shares in two of the firms with stakes in the Kaieteur Block offshore Guyana, announced on Monday that Hess Corporation has increased its stake in the block from 15% to 20%. "We believe...
Exploration

Basins with high-quality, low-cost discoveries will reign supreme

OilNOW -
Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...
News

University of Guyana set to roll out new courses for oil industry from June

OilNOW -
In an effort to help fill national performance gaps, the University of Guyana’s Institute for Energy Diplomacy (IED) recently announced that it will be offering a suite of Executive Level Professional Courses on Energy Markets, Oil and Gas Value...
News

Drilling deeper Guyana wells at Stabroek Block a key objective for Hess this year

OilNOW -
A key drilling objective for Hess corporation in 2021 in Guyana's offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company's top executives said on April 28. Uaru-2, the most recent...
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‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President...

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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