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Exxon is back in Brazil – and betting big on deepwater oil

OilNOW -
(Bloomberg) In November 2010, Exxon Mobil Corp. dispatched workers to a platform off the coast of Brazil, hoping to strike oil in one of the energy industry’s most anticipated drilling programs. About 2,300 meters (1.4 miles) below the surface,...
Exploration

Guyana among countries set to transform Latin America into oil production powerhouse

OilNOW -
Mexico and Venezuela have long been key oil producers of Latin America but with political uncertainty and market volatility mounting, a new generation of oil producing countries are set to transform the region. This includes the tiny country of...
Exploration

CGX hires PGS for Corentyne survey, defers rig contract

OilNOW -
Canadian oil and gas company CGX Energy has hired PGS to conduct a 3D seismic survey over its Corentyne Block offshore Guyana. CGX has also deferred all operational obligations under its drilling rig contract for the Ralph Coffman jack-up...
News

Thousands of expatriates in Guyana with high demand for numerous services

OilNOW -
The emerging oil and gas sector in Guyana is giving rise to numerous opportunities for business ventures ranging from small to large-scale enterprises. Many of the growing opportunities are also outside of mainstream oil and gas activities and this...
Exploration

Costa Rica could take 2nd referendum in country’s history to pursue oil production

OilNOW -
Costa Ricans could get the chance to vote on the future of their country’s oil and gas exploration policy after a court on September 20 authorized pro-exploration activists to gather signatures for what would be only the second referendum...
News

Eco Atlantic boss not sure market fully understands significance of Joe discovery

OilNOW -
Chief Executive Officer of Eco Atlantic Oil & Gas, Gil Holzman says he is not sure the market fully understands the significance of the company’s second oil discovery at the Joe-1 well offshore Guyana. Speaking on a recent podcast, Proactive...
News

Exxon submits Field Development Plan, EIA for Payara

OilNOW -
ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential development project offshore the South American country. The 220,000 barrels per day Payara Development Project is...
Exploration

Guyana offshore gets busy with new discoveries and more wells planned

OilNOW -
US oil major ExxonMobil is targeting two new wells on its Stabroek Block following the company’s 14th discovery announced last week at Tripletail. Tullow Oil, which announced the Jethro-Lobe discovery on the Orinduik block in August quickly followed it...
News

T&T government facing questions over refinery deal

OilNOW -
Former Minister of Energy in Trinidad and Tobago Kevin Ramnarine has said that the “country is truly in a state of shock” following the announcement on Friday of the government’s decision to accept the offer of the (Oil Workers...
News

Risk of further Saudi attacks high

OilNOW -
(Rigzone) The risk of further high-impact attacks against Saudi energy infrastructure is high. That’s according to Torbjorn Soltvedt, principal MENA analyst at Verisk Maplecroft, who made the statement in an analysis piece sent to Rigzone on Thursday. “For Saudi Arabia,...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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