Featured

Featured posts

News

Big ramp up in Guyana offshore activities see Exxon looking to expand shore base services

OilNOW -
ExxonMobil Guyana is planning to put in place an enabling agreement for project shore base facilities, equipment, and services to support future projects in the new South American oil producing country. The energy company is looking to identify Contractors who...
News

OPEC sees positive oil market outlook

OilNOW -
(Reuters) - OPEC sees a generally positive oil market outlook with last year's uncertainty easing, but downside risks caused by the pandemic persist, the group's secretary general and its experts said on Tuesday. "We have come a long way from...
News

Suriname looking to follow Guyana in major oil production ramp up, no plans to delay

OilNOW -
Suriname is forging ahead with its offshore oil and gas exploration activities and is targeting 2025 for first oil in a rapid production ramp up similar to its western neighbour Guyana where oil production began just under 5 years...
News

Guyana, Permian capital-intensive projects put Exxon at higher revenue risk than peers – Rystad Energy

OilNOW -
Norway-based Rystad Energy has quantified the long-term risk of the change to oil prices and to the net present value (NPV) of portfolios for some of the global oil and gas companies whose resilience have come under pressure in...
News

Concerned about ‘oil leaving underground’ Colombia looking to boost pace of investments

OilNOW -
Colombia, which holds regular licensing rounds to invite investment in its upstream sector, has recently undertaken what National Hydrocarbons Agency President Jose Armando Zamora called a "full review of our contract offering for bidding rounds," building on its attractiveness...
News

South American basin with abundant oil resources giving rise to fierce competition

OilNOW -
Some are calling it the last major hydrocarbon frontier while others see it as the Holy Grail of oil and gas. The Guyana Suriname Basin (GSB) has now become a major hotspot for petroleum exploration and production and is...
News

Crude oil futures surge, ICE Brent May contract up almost 2%

OilNOW -
(S&P Global Platts) Crude oil futures surged during the mid-morning trade in Asia March 1, with the oil market reversing the previous session's losses as risk-on sentiment gripped the markets following the US House of Representatives' approval of further...
Opinions

Rivalry in the Guyana Suriname Basin, the Holy Grail of oil & gas

OilNOW -
By Anthony T. Bryan – OilNOW From Trinidad and Tobago (T&T) it is about one hour flying time south to Georgetown the capital of the Republic of Guyana and another hour flying south to Paramaribo the capital of Suriname. These two...
Opinions

Is the world heading for a shortfall in global oil supply?

OilNOW -
By Dean Foreman, Chief Economist at American Petroleum Institute It’s possible we could be headed for a shortfall in global oil supply as soon as next year – pretty remarkable considering where oil demand was last spring, with economies slowing under...
News

Suriname lines up new shore base port

OilNOW -
(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms of discovered oil and gas reserves. And all this from just one offshore find in Block 58, and without counting...
1...595596597...985Page 596 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