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Guyana-Suriname basin at top of watch list, Bulletwood and Bonboni could deliver big pay

OilNOW -
Analysts are looking closely at the exploration campaigns targeting the Bulletwood prospect in Guyana and Bonboni in neighbouring Suriname which are testing the upper cretaceous play in a basin where billions of barrels of oil equivalent have been found...
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Guyana bracing for rapid expansion in services, logistics and construction – Dr. Singh

OilNOW -
Senior Minister with responsibility for Finance in the Office of the President in Guyana, Dr. Ashni Singh, said the new oil producing country is taking all the necessary steps to ensure it does not become a victim of the...
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Disappointment for Trinidad as BHP confirms dry hole at Broadside-1

OilNOW -
Australian based petroleum company BHP confirmed on Wednesday that it failed to encounter hydrocarbons at the Broadside-1 exploration well in Trinidad and Tobago. “In Trinidad and Tobago, the Broadside-1 exploration well in the Southern Licence reached the main reservoir on October...
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Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

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The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services, including those outside the oil and gas industry. In fact, since the first discovery in 2015 when it became apparent...
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Governments in developing countries not ready to ‘kill off’ upstream investment – WoodMac

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Governments have a lot to think about in 2021 says UK-based global consultancy group, Wood Mackenzie. Tougher fiscal terms could put countries at the sharp end of the energy transition – but support for upstream sectors could also remain...
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Higher fluids sales in Guyana help bump up Halliburton Latin America revenue

OilNOW -
Halliburton reported quarterly results on Tuesday that exceeded analysts’ expectations posting a profit of 18 cents per share on revenue of $3.24 billion for the fourth quarter (Q4) of 2020. According to Refinitiv, analysts expected earnings per share of 15...
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Norway issues 61 new licences for oil and gas exploration activities

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Thirty companies have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020, the Norwegian Petroleum Directorate said on Tuesday. The authorities assessed applications from a...
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Energy Chamber looking to play major role in Guyana oil & gas development

OilNOW -
The Guyana Oil and Gas Energy Chamber (GOGEC) says it plans to play a major role in the development of the country’s oil and gas sector and will be ramping up activities this year to focus on local content...
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Groups plan to press Biden to reverse ban on Venezuela fuel swaps

OilNOW -
(Reuters) - Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps. The Trump administration...
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Exxon targeting over a dozen wells, ramping up drill capacity offshore Guyana this year – Routledge

OilNOW -
A flurry of activity is expected offshore Guyana this year as U.S. oil major ExxonMobil ramps up its search for even more hydrocarbons, targeting deeper and risker prospects. The company has also confirmed that it will be boosting its drill...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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