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Tullow seeking to unlock value offshore Guyana but not any time soon

OilNOW -
Analysts had expected Tullow Oil  to drill the Amatuk prospect at Guyana’s Orinduik Block this year, but it doesn’t seem like that will happen.  The second renewal period of the Orinduik petroleum agreement started in January. It is set to...
News

Environmentalists say Norway’s oil & gas expansion is “a middle finger to the Paris Agreement”

OilNOW -
Environmental activists have voiced strong opposition to Norway's plans for oil and gas expansion, condemning the move as "a middle finger to the Paris Agreement." The Norwegian government has called on energy giants to increase exploration projects in remote...
News

Guyana’s gas strategy will explore opportunity for joint development with Suriname

OilNOW -
Vice President Dr. Bharrat Jagdeo said on May 25 that Guyana’s gas strategy, expected to be drafted at the end of the year, will explore the opportunity for joint development with Suriname.  “In some areas like Pluma, more gas,...
News

Ali to advance talks with Lula on Guyana-Brazil road link

OilNOW -
Discussions on the expansion of the Guyana to Brazil road link will be advanced at an upcoming meeting between Guyana President Dr. Mohamed Irfaan Ali and Brazil’s President, Luiz Inacio Lula da Silva May at the end of May. Guyana’s...
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ExxonMobil’s Liza field surges to 45 million barrels in first four months of 2023

Kemol King -
ExxonMobil’s Liza field offshore Guyana produced more than 45 million barrels of crude in the first four months of 2023. This represents a 163% increase over the 17 million barrels produced in the same period last year.  Data from Guyana’s...
Exploration

From Africa to South America, leaders say environmental lobby hindering development

OilNOW -
In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...
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Global oil demand spurs urgent call for US$12.1 trillion in long-term investments

OilNOW -
US$12.1 trillion in investments is what the world needs to meet the escalating global oil demand in the long term, according to the Organization of the Petroleum Exporting Countries (OPEC).  The demand for oil will not falter, according to OPEC....
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Unlock Your Potential: Blue Water Shipping extends training to Guyanese nationals

OilNOW -
The logistics and supply chain management industry is becoming an increasingly important facet in Guyana’s oil and gas industry. And Blue Water Shipping is ensuring that Guyanese get the best training to provide A-class services locally through its extensive...
News

EITI to launch 2023 Standard in Senegal on June 13 

OilNOW -
The Extractive Industries Transparency Initiative (EITI) has introduced its updated 2023 Standard, which includes significant revisions aimed at addressing corruption risks and facilitating the global energy transition. The EITI Board has agreed on these revisions, which will be officially...
News

Africa Oil, Total drop East Africa project, leaving Tullow to find new partners

OilNOW -
Tullow Oil plc, a global independent oil and gas exploration and production firm, has acquired full control of Project Oil Kenya in Turkana County. This takeover comes after the withdrawal of Tullow's two joint venture partners, Africa Oil Corp...
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Hammerhead gas to flow through pipeline as soon as project starts

Gas from ExxonMobil’s newly sanctioned Hammerhead development will begin flowing immediately through Guyana’s Gas-to-Energy (GtE) pipeline once production starts...

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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