Featured

Featured posts

News

Tanager-1 is non-commercial, well to be plugged and abandoned

OilNOW -
The Tanager-1 exploration prospect - the deepest well ever drilled in the Guyana-Suriname Basin to date – is being considered as non-commercial as a stand-alone development. According to a press update from Ratio Guyana Limited, which has a 25% interest...
News

Suriname is 2nd in the world for volume of oil discovered this year, Guyana remains big prize in basin

OilNOW -
Of the 73 new discoveries announced this year (through October), Suriname has emerged as the number two location for the volume of oil found, second only to Russia. According to a new report from Rystad Energy, exploration activity has...
News

Guyana offshore remains highly competitive – a major plus in current market conditions

OilNOW -
The oil being produced offshore Guyana is a low sulphur high-quality blend which together with lower breakeven costs, will continue to benefit from investor interest and high demand, given the shift from heavier fuels due to environmental regulations and...
News

Staatsolie opens new bid round for 8 blocks offshore Suriname

OilNOW -
Eight blocks covering an area of over 13,524 km2 of underexplored but highly prospective acreage in the western part of the Suriname offshore basin went on offer on Monday by Staatsolie Maatschappij Suriname N.V. According to bid documents seen by...
Featured

Brent oil futures jump above $44 on vaccine news

OilNOW -
(Reuters) - Oil prices jumped more than 4% on Monday, recouping the previous session's losses after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brent crude futures for January were up $1.79, or 4.2%, to $44.57...
News

World’s largest O&G conference pushed back to H2 2021

OilNOW -
The organisers of the Offshore Technology Conference (OTC), the world’s largest oil and gas conference and exhibition, has chosen to postpone the 2021 event to August 16–19. OTC said Monday this is due to the ongoing challenges presented by...
News

Mega 220,000 bpd Liza Unity FPSO begins integration phase in Singapore

OilNOW -
Dutch floater specialist SBM Offshore said Monday the Fast4Ward® Multi-Purpose Floater (MPF) hull for the Liza Unity FPSO has moved to the integration quayside in Keppel TUAS, where the topsides integration phase started with the progressive lifting of the...
News

Halliburton builds one of the largest mud plants in the hemisphere, expands local workforce in Guyana

OilNOW -
US oil field service company Halliburton has been steadily expanding its activities in Guyana since setting up operations in 2015 which has seen the establishment of state-of-the-art facilities, including one of the largest mud plants in the hemisphere, and...
News

U.S wants to remain Guyana’s trading partner of choice

OilNOW -
The United States is looking to remain the top trading partner of new oil producer Guyana where investment opportunities have been steadily increasing since 2015 when US oil major ExxonMobil made its first world class oil discovery off the...
News

Guyana to re-engage Norway on another programme for climate change funding – Jagdeo

OilNOW -
In 2009, Guyana and Norway signed a ground-breaking agreement which led to the creation of the world’s second largest national-level Reducing Emissions from Deforestation and Forest Degradation (REDD+) scheme. The partnership is one that led to Guyana collecting over...
1...637638639...985Page 638 of 985

Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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