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PEMEX discovers billion-barrel oil field in Mexico

OilNOW -
(Bloomberg) --Petroleos Mexicanos (PEMEX) discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the Gulf of Mexico,...
News

Oil production will soon exceed 1 barrel per day for every Guyanese in-country

OilNOW -
Guyana’s move towards becoming one of the top oil producers in the western hemisphere is likely to be realized even before the decade comes to an end as plans to develop its multi-billion-barrel oil fields move full steam ahead....
News

Total-Apache FID for Suriname Block 58 expected this year – analyst

OilNOW -
Total and Apache are expected to make their Final Investment Decision (FID) to develop oil fields at Block 58 offshore Suriname later this year in what experts say could be the second fastest ramp up in oil production activities...
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VLCC earnings in negative territory, owners now idling ships

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Weak or negative returns for VLCCs hauling crude from the Persian Gulf to North Asia are prompting shipowners to adopt cost-cutting measures like curtailing sailing speed and idling their ships near Singapore or Sri Lanka's port of Galle, freight...
News

Saipem looking to play major role in Nigeria, Mozambique natural gas expansion projects

OilNOW -
Italian engineering giant Saipem hopes to play a long-term role in the development of sub-Saharan African LNG infrastructure, its Chief Operating Officer for onshore, Maurizio Coratella, said in an interview. According to an S&P Global Platts report, Saipem-led consortiums were...
News

Guyanese logistics company thriving in oil sector, expanding local supply chain

OilNOW -
Guyanese logistics company, Western Logistics has been thriving as a result of the business opportunities being provided by the oil and gas sector. Operations Manager of the company, Pradeep Ramoutar spoke of the role the oil industry played in the...
News

Apache, Total attempting in Suriname what ExxonMobil accomplished in Guyana

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(S&P Global Platts) Total and Apache Corp. will continue their oil exploration program offshore of Suriname after ceasing drilling in one key test well upon facing "substantial pressure increases," but only after they had already struck oil at shallower...
Opinions

An approach to healing Guyana’s socio-political and economic ills [Part 2]

OilNOW -
By Wilberne Persaud – OilNOW Guyana’s 783 thousand population occupies a land mass of 83,000 sq ml, compared to Singapore’s 279.6 sq ml with 5.7 million population and England’s 50,301 sq ml with population 56.3 million. Respectively, 2019 GDP numbers...
News

Flash gas compressor arrives offshore, experts on stand-by for reinstallation

OilNOW -
ExxonMobil Guyana said on Saturday the flash gas compressor has arrived offshore for reinstallation on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel after undergoing repairs and upgrades in Germany. “The repaired and upgraded flash gas compressor and...
News

Average size of each Guyana oil discovery is 300 million barrels

OilNOW -
New oil producer Guyana has been at the top of the global list for discovered resources since U.S oil major ExxonMobil made its first world class discovery in 2015. The company has made a total of 18 discoveries out...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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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