Featured

During the first half of 2021, ExxonMobil Guyana and its contractors spent nearly GY$19 billion with more than 750 Guyanese vendors on goods and services ranging from food stuff to engineering. This has generated, either directly or indirectly, an...

On Friday August 27, production started from the Troll phase 3 project in the North Sea. The project has a break-even price below 10 dollars and CO2 emissions of less than 0.1 kg per barrel oil equivalent. The new wells...

CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct...

A potential new element in the changing face of geopolitics is emerging in the Southern Caribbean and this could present new opportunities for South America’s newest oil producing nation. So says Scott B. MacDonald, Chief Economist for Smith’s Research...

Following the release of a damning report by the United Nations' (UN) Intergovernmental Panel on Climate Change (IPCC) which is essentially another stark reminder for world economies to raise their climate ambition, Wood Mackenzie has stepped into the debate...

Seeking Alpha - Hurricane Ida Update More than 90% of oil production in the Gulf of Mexico has shut down as Hurricane Ida plows toward the Louisiana coast, threatening an area that is home to 17% of U.S. oil production, 5%...

The Stena DrillMAX has begun drilling the Sapote-1 prospect at the Canje Block, JHI Associates Inc. said on Sunday. The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap.  The well is approximately 255 km northeast...

Updated August 29, 2021 CGX Resources Inc. (CRI), operator of the Corentyne block offshore Guyana, believes the chance of finding hydrocarbons at the Kawa-1 prospect has increased since the company last drilled wells in the South American country back in...

Rigs are on the hunt for commercial crude at three blocks offshore Guyana, all at the same time. Drill campaigns are underway at the Stabroek, Canje and Corentyne blocks in what is now the busiest period the offshore basin...

By Scott B. MacDonald – OilNOW India is one of the world’s major oil consumers and Guyana is an up-and-coming petro-power. In March 2021, HPCL-Mittal Energy Ltd., a joint venture between state-run Hindustan Petroleum Corporation and Mittal Energy Investment, bought...