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Exploration

Glengorm ‘largest UK gas find since 2008’ – WoodMac

OilNOW -
Oil and gas industry analyst Wood Mackenzie is calling CNOOC’s latest gas discovery at Glengorm the largest UK gas find since 2008 and one that will sustain the industry’s profitability. "At 250 million barrels of oil equivalent (boe), CNOOC Ltd’s...
Exploration

CNOOC Limited makes discovery in UK North Sea

OilNOW -
CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. “The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was...
News

3rd batch of subsea pipes for Liza Phase 1 expected within weeks – Saipem

OilNOW -
The third batch of sub-sea pipes for the Liza Phase 1 Development Project is expected to arrive in Guyana within weeks as work intensifies ahead of first oil in the South American country. Speaking to OilNOW on Thursday at the...
Exploration

Tullow upbeat about Jethro, Carapa prospects offshore Guyana

OilNOW -
UK-based Tullow oil will be focusing heavily on its exploration programme offshore the South American country of Guyana in 2019 with multiple prospects on its radar for drill campaigns in the second and third quarters of the year. In its...
News

Venezuela crisis: Will the US target oil exports?

OilNOW -
(BBC) In its battle against the rule of Venezuelan President Nicolás Maduro, the United States has been trying to cripple the government's ability to secure funds and run the country - with sanctions that target officials, some sectors of...
Industry Insight

Policy issues to consider for a Guyanese oil fund

OilNOW -
Economic theory suggests that there are a number of advantages arising from the establishment of an oil fund. These include the opportunity to create sustainable wealth, facilitate economic development over the long-term, enhance economic stability and ensure that the...
News

US Ambassador frowns on TT’s support for Maduro: Rowley lashes back

OilNOW -
Prime Minister of Trinidad and Tobago Dr Keith Rowley has responded to the United States Ambassador to Trinidad and Tobago Joseph Mondello’s statement against Trinidad and Tobago’s position on Venezuela, according to a news report on CNC3’s website. In a...
News

T&T recognizes Maduro as President of Venezuela – Stuart Young

OilNOW -
Trinidad and Tobago’s Minister in the Office of the Prime Minister, Stuart Young has confirmed that the government of Trinidad and Tobago currently recognises Nicolas Maduro as the president of Venezuela. This is according to a report from CNC3 in...
Regional

Break in US-Venezuela relations raises fresh concerns for oil market, OPEC

OilNOW -
A sudden escalation in long-burning tensions between the United States and Venezuela could have far-reaching ramifications in the oil market, where the Bolivarian Republic remains a significant player despite its plunging output, CNBC said in a report Thursday. On Wednesday,...
News

Maduro will face ‘swift and severe’ consequences if US diplomats are harmed – US Senator

OilNOW -
As tensions continue to rise in Venezuela, US Senator Marco Rubio on Wednesday said that embattled leader Nicolas Maduro will face severe consequences if any harm befalls American diplomats in the South American country. Rubio’s comments came hours after Maduro...
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Latest News

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T&T Energy Ministry to investigate rig collapse that left worker missing

Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the...

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