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Exploration

Brazil offshore wells could quadruple to 19 this year

OilNOW -
(S&P Global Platts) Brazil's National Petroleum Agency expects the number of exploration wells drilled off the country's coast to nearly quadruple in 2021 to 19 wells as oil companies ramp up activity and the coronavirus pandemic wanes, the regulator's...
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Dubai non-oil private sector records biggest expansion in one and a half years

OilNOW -
(Reuters) Dubai's non-oil private sector recorded its biggest expansion in one and a half years in April, a survey showed on Monday, a sign that the emirate's economy is closing in on its pre-COVID-19 growth trajectory. The seasonally adjusted IHS...
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Development of non-oil resources could build Guyana’s stock of transferrable skills – World Bank

OilNOW -
Guyana is endowed with considerable untapped natural resources, including minerals, agricultural lands, forests and water, which oil revenues could help develop. Enabling the growth of high value-added sectors in which Guyana has a comparative advantage based on its natural...
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Suriname bid round closes with interest shown in less than 50% of blocks offered

OilNOW -
Suriname’s Shallow Offshore Bid Round closed on April 30 with international oil companies showing interest in just 3 of the 8 oil blocks that were on offer. According to state oil company Staatsolie Maatschappij Suriname N.V., a total of 10...
News

Over 600 UG students already benefiting from ExxonMobil-funded Zoom Rooms

OilNOW -
The ‘Zoom Rooms’ project recently launched by the University of Guyana (UG) and funded by ExxonMobil’s Greater Guyana Initiative is benefitting hundreds of UG students who now have easier access to virtual classes necessitated by the COVID-19 pandemic. Zoom Rooms...
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Stena Drilling seeking contractors for food, cleaning supplies in Guyana

OilNOW -
Stena Drilling, operator of the Stena Carron and Stena DrillMAX rigs on contract with ExxonMobil for operations offshore Guyana, is seeking contractors to supply a range of services from the second quarter of this year. “Food Services may be required...
Exploration

More penetrations in Santonian could push Guyana oil resources even higher

OilNOW -
In addition to Uaru-2, three other discoveries offshore Guyana – Liza Deep, Tripletail and Yellowtail – have had deeper penetrations into the Santonian. That deeper interval is found not only at the prolific Stabroek Block, but also extends east...
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Oil for oxygen, India welcomes Saudi aid

OilNOW -
(Reuters) Indian oil minister Dharmendra Pradhan on Friday thanked Saudi Arabia and other Middle Eastern oil producers for supplying liquid medical oxygen (LMO) to help the country in its battle withthe COVID-19 crisis. In a series of tweets, Pradhan also...
News

Exxon submits application for giant Yellowtail development in Guyana deepwater province

OilNOW -
U.S. oil major ExxonMobil, operator at the prolific Stabroek Block offshore Guyana, has submitted an application to the Environmental Protection Agency (EPA) to undertake the Yellowtail Development. According to the EPA, the proposed project will be implemented in multiple stages...
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Gas pipeline will accelerate Guyana’s clean energy transition, build massive industrial base – TT energy advisor

OilNOW -
While the Guyana government forges ahead with plans to bring the US$900M gas-to-shore project on stream by 2024, there have been some expressed concerns about the implications such initiatives may have in delaying the country's full transition to renewables....
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ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the...

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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