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Texas oil explorers say predictions of growth contradict dire reality

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(Bloomberg) Texas wildcatters, after years eye-rolling at shale skeptics, are now saying global analysts are underestimating just how severe the industry’s slowdown is. What’s ticking folks off these days is how the International Energy Agency in Paris and the Energy...
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TT gas shortage chipping away at country’s industrial base

OilNOW -
Trinidad and Tobago's industries regulator is warning that a natural gas shortage is slowly chipping away at the country's industrial base. James Lee, executive director of the regulated industries commission, told Argus on the sidelines of a gas conference that the planned...
News

Former Jamaica PM set to speak at dinner hosted by business chamber in Guyana

OilNOW -
  Former Prime Minister of Jamaica, Portia Simpson-Miller, will deliver the keynote address at the Georgetown Chamber of Commerce and Industry’s (GCCI) Annual Awards Presentation and Dinner on Thursday, November 28. The event, set to take place at the Guyana Marriott...
News

Wealth, education and infrastructure funds key to Guyana’s success as an oil producer – Rystad Energy

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Norway’s success as an oil producer has been based largely on the country’s push to diversify the economy and not use oil revenues to underpin all other industries in the country. This approach, if taken by Guyana, will see...
News

Brazil subsalt production-sharing fields to pump 3.9 million b/d by 2031: management company

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Output from oil fields in Brazil’s subsalt frontier covered by production-sharing agreements will surge over the next decade to 3.9 million b/d by 2031, surpassing the country’s current total output of about 2.9 million b/d, the head of government...
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Guyana prospects take centre stage at London Oil Talk

OilNOW -
The CASS Business School of the City of London in collaboration with the High Commission of Guyana and the London Business School's Energy Club held a well-attended discussion on Guyana’s oil discovery and its green future on Monday November...
Exploration

Tullow’s final drill target at Orinduik crucial to campaign

OilNOW -
(Petroleum Economist) The final drilling target of the year for Anglo-Irish independent Tullow has become more pivotal following the company’s revelation that crude from its offshore Guyana discoveries is heavier and more sulphurous than expected. Tullow’s share price had been...
News

Guyana, TT O&G JV rapidly expanding to serve offshore industry

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Support from National Hardware Guyana and Concepts & Services Company of Trinidad and Tobago has led to the formation of a new oil services company based in Guyana which is set to become the region’s newest oil producer in...
News

Signing contracts ahead of development approvals minimise cost overruns and lengthy delays

OilNOW -
The signing of contracts with ExxonMobil contractors including Saipem and SBM Offshore for works related to the Payara development prior to final government approval is not unusual since such works require lengthy lead times for planning, design and construction. So...
News

‘It’s not just about monies earned but knowledge transferred, technology shared’ – Dr. Bynoe

OilNOW -
While the South American country of Guyana is set to earn billions of US dollars from development of its oil resources in the coming years, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe says the full...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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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