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Rapid development of Guyana oil fields will maximise benefits to country – WoodMac

OilNOW -
With volatility in global oil prices and a high degree of uncertainty about the long-term value of these resources, UK-based global consultancy group, Wood Mackenzie says rapid development of Guyana’s oil fields will maximise benefits to the South American...
News

Substantial oil resources to be unlocked in Norway through increased recovery projects

OilNOW -
Increased recovery projects in Norway will unlock substantial oil resources, driven predominantly by the majority state-owned Equinor, says GlobalData, a leading data and analytics company. Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, comments: “Field expansion projects in Norway...
Opinions

Attractiveness and productivity to serve the Guyana offshore basin

Bobby Gossai, Jr. -
The pressure to source supplies from Guyana can lead to increased exploration, development and operating costs. Guyana’s offshore oil activity levels will be very sensitive to movements in oil prices and costs. At any one time in a province...
News

Suriname hoping to replicate Guyana’s ‘one find after the other’ lucky run

OilNOW -
As oil discoveries in Guyana continue to ramp up in what industry analysts have described as a ‘remarkable series of results’ since the world class Liza find in 2015, neighbouring Suriname says it hopes to replicate this soon. The country’s...
News

Halliburton introduces children to oil and gas

OilNOW -
On Wednesday, US-based oil services company Halliburton, in collaboration with the University of Guyana, hosted day two of a three-day introduction to oil and gas for children. The program, entitled, The Science of Energy: A Children’s Workshop, was held...
News

Guyana on the radar of every major oil company in the world

OilNOW -
The South American country of Guyana is on the radar of every major oil company in the world now that a total of 14 discoveries have been made offshore in just four years and it has been proven that...
Exploration

IEA sees oil supply glut in 2020

OilNOW -
Efforts to re-balance the oil market could be in vain after the International Energy Agency (IEA) cut its oil demand growth forecasts for both 2019 and 2020 and pointed to strong non-OPEC supply driven by the US, Norway and...
News

Guyana oil prospects rapidly expanding with huge potential for national development

OilNOW -
Just over 4 years ago Guyana was virtually unknown in the world of oil and gas with no proven oil reserves and scores of failed attempts to find this precious commodity. Fast-track to 2019 and 15 percent of conventional...
News

Global oil, natural gas exploration forecast to climb 35% from 2018

OilNOW -
The second half of the year should see sustained increases in oil and natural gas exploration activity worldwide, according to analysts, Natural Gas Intelligence (NGI) said in an August 14 report. Another 35-40 high-impact exploration wells should be completed by...
News

Over 100 million barrels at Jethro; Tullow looking at standalone development

OilNOW -
(S&P Global Platts) Independent explorer Tullow Oil has made a significant oil discovery in its block in Guyana, which could hold over 100 million recoverable barrels, it said Monday. The company is "confident of the commercial value" of this prospect...
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Latest News

NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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