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Oil galore in Guyana but not a drop found yet offshore Suriname

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The Guyana-Suriname Basin is said to contain 13 to 15 billion barrels of oil but so far the basin seems to be tilted in the direction of the lone English speaking country on the continent. ExxonMobil has made a...
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50-member strong Canadian mission due in Guyana, MoU on O&G to be signed

OilNOW -
The High Commission of Canada and the Province of Newfoundland and Labrador are collaborating with the Government of Guyana through GO-Invest to bring a Canadian oil and gas trade mission of approximately 50 persons from the province’s offshore oil...
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100 million barrels: the world hit a daily oil and liquids record

OilNOW -
The world is pumping out more oil and other petroleum liquids than ever before. Bloomberg said in a report on Thursday Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday...
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ExxonMobil expects FID on Liza Phase 2 within months

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Pending the granting of approval from the Environmental Protection Agency (EPA) in Guyana, US oil major ExxonMobil could make its Final Investment Decision on the giant Liza Phase 2 Development project within months. The company is awaiting Environmental Authorization from...
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Noble Tom Madden will deploy to south portion of Stabroek Block for Pluma drill campaign

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ExxonMobil Guyana is eagerly awaiting the arrival of its third drillship; the Noble Tom Madden, which will begin searching for oil at the Pluma prospect in the south portion of the Stabroek Block by the end of October. The company’s...
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‘Adams and Bynoe are key pieces of the puzzle’ – ASEA Director

OilNOW -
As an emerging oil and gas producing nation, Guyana must look to employ the ‘best’ at the top level of institutions that would be tasked with regulating the sector. So says Carlos de Regules, the founding Director of Mexico’s...
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$20 oil? Welcome to Canada, where crude prices haven’t recovered

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Western Canada Select slumped below $20 a barrel on Thursday, the lowest in more than two years, continuing a brutal streak of declines for the country’s main grade of crude, Bloomberg said in a report on Thursday. The drop has...
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“We do not want to send mix signals to contractors, operators” – EPA boss

OilNOW -
Guyana’s Environmental Protection Agency (EPA) and the Department of Energy must work closely to support the Government’s policy for the oil and gas sector. This is the view of the newly appointed Director of the EPA, Dr. Vincent Adams,...
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Kosmos comes up dry again offshore Suriname

OilNOW -
Kosmos Energy said on Wednesday it was abandoning the Pontoenoe-1 well offshore Suriname after failing to find oil. This is the second dry well in a row drilled by the company in the Dutch-speaking South American country. The company came...
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Guyana poised to be world’s largest oil producing country per person in 2020s

OilNOW -
Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among just 770,000 people, is set to be the world’s largest oil producing country per person...
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PPP/C outlines Energy Priorities: Gas-to-Energy, Local Content, post-oil planning

Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among the...

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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