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Apache makes significant oil discovery offshore Suriname

OilNOW -
Apache Corporation (NYSE, Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50%...
News

O&G pushing transportation demand: Cyril Taxi moves from 1 to 133 drivers

OilNOW -
The spin-off benefits from oil and gas are growing in the South American country of Guyana where a taxi service which has been in operation for over a decade started providing transportation services to the oil and gas industry...
News

CGX Energy expected to drill well by November

OilNOW -
Canadian-based oil and gas company CGX Energy is expected to drill an exploration well offshore Guyana by November of this year after deferring its 2019 target for spudding a well at the Corentyne Block. CGX is operator at the...
News

Chevron pulls oil workers from Iraq

OilNOW -
(CNN) Chevron has evacuated all of its American oil workers from Iraq following last week's US airstrike in Baghdad. The company said in a statement Monday that as a "precautionary measure" its expatriate employees and contractors have left the...
News

Guyana enters 2020 as new oil producer with a total of 18 discoveries

OilNOW -
The South American country of Guyana has entered the new decade as an oil producer with a total of 18 discoveries made since 2015. There also remains massive potential for more discoveries from ongoing and planned exploration campaigns by...
News

Finding oil near prolific Stabroek block is positive sign – analysts

OilNOW -
Three discoveries have been made outside the Stabroek Block offshore Guyana, the most recent being Carapa-1 where Repsol and its partners encountered just around 4 metres of net oil pay. While this, together with the heavy oil results from...
News

Oil hits $70 as Mideast crisis deepens fear of supply disruption

OilNOW -
(Bloomberg) Oil extended its dramatic surge above $70 a barrel as the fallout between the U.S. and Iran escalated after the assassination of one of the Islamic Republic’s most powerful generals. Futures jumped by another 3% on Monday as the...
News

Motley Fool asks: where will ExxonMobil be in 5 Years?

OilNOW -
ExxonMobil (NYSE:XOM) is the second-largest publicly traded oil and gas company behind the recent IPO of the Saudi Arabian Oil Company. After a rough last five years of revamping its portfolio in an effort to adjust to the new...
Opinions

Guyana’s political economy incentives against wealth accumulation

OilNOW -
It is imperative to highlight the political economy incentives that may face politicians in countries, such as Guyana, with accumulated revenues – whether or not these revenues are formally a "fund." To set up institutional solutions to make it...
News

Western oil majors face potential attacks in Iraq following US airstrike

OilNOW -
Despite reports of oil field staff withdrawals in Iraq over concern of retaliation from Iranian backed militants, all upstream operations and exports in Iraq are continuing normally, according to local sources, but western oil majors still remain a potential...
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Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace...

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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