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Exploration

Exxon making big time push for shale in South America

OilNOW -
ExxonMobil Corporation will spend close to one billion dollars this year to ramp up the production of natural gas at the Vaca Muerta shale play located in Neuquen, Argentina. The governor of Neuquen province, Omar Gutierrez, said in a statement...
News

Petroleum Bill to be taken to Guyana law making body May 8

OilNOW -
The Government of Guyana is preparing to table the Petroleum Commission of Guyana Bill 2017 at the next sitting of the country’s National Assembly, slated for May 8, 2017. The Bill is just one of the measures being put...
Exploration

Apache hits dry well offshore Suriname

OilNOW -
Apache Oil and Gas Corporation has failed to find commercial quantities of oil at its Kolibrie-1 well, offshore Suriname. The closely-watched drilling operations took place 129km off the coast of the South American country, in Block 53. The Noble Douglas drill...
Regional

Oil wealth cannot cure bad governance; Venezuela in free-fall

OilNOW -
With proven oil reserves of almost 300 billion barrels, Venezuela surpasses Saudi Arabia as the country with the largest reserves in the world. But massive oil wealth has not been enough to mask years of poor governance and unsustainable...
Exploration

CGX back in the game; looking to drill 6 wells over next 2yrs offshore Guyana

OilNOW -
Canadian-based oil and gas exploration company CGX Energy Inc. will soon recommence exploration work offshore Guyana and aims to drill as much as 6 wells over the next two years. CGX had come up empty-handed on previous attempts to...
Exploration

SBM proud to be building FPSO for Liza development, production in Guyana

OilNOW -
SBM Offshore, the company awarded contracts for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana, is excited to be undertaking this project that would help catapult the South American country into...
News

Trump blocks Exxon from drilling for oil in Russia

OilNOW -
(CNN) The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia. "The Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," Treasury Secretary Steven...
Featured

Guyanese job expectations high even as employment in oil & gas declines globally

OilNOW -
With oil production set to begin in Guyana by 2020, expectations remain high across the population for more and better paying jobs, even as hundreds of thousands have been laid off globally as a result of declining oil prices...
News

Guyana to establish national oil company by 2018, petroleum institute in 2020

OilNOW -
Major plans are being put in place in preparation for oil production in the South American nation of Guyana where recent large discoveries of high quality crude were made 120 miles offshore. The country’s natural resources minister, Raphael Trotman,...
Featured

Stolen oil & gas revenue benefits elite few – Transparency International

OilNOW -
Money generated from oil and gas production finding its way into the pockets of corrupt officials is a key reason many countries rich in this precious resource, remain poor. According to Transparency International, over the next 20 years, it is expected...
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NewsOilNOW -

An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

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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