Thursday, October 28, 2021

News

Norway group sees more upside to Guyana’s mega 10 billion barrel oil resources

Guyana is one of the most promising plays to have been opened in the last decade following the discovery of the giant pre-salt reservoir in Brazil, says independent energy research and business intelligence company Rystad Energy. The new oil producing...

Guyana on its way to racking up around US$600 million in oil sales by year end – Bharrat

If Brent crude price continues to hover around US$85 a barrel, Guyana could comfortably get US$150M for its last two oil lifts this year says Natural Resources Minister, Vickram Bharrat. During an exclusive interview with OilNOW, the official recalled that...

India says its open to oil supply term deal with OPEC+

(S&P Global Platts) India is open to the idea of a term deal with OPEC + to ensure price stability in crude supplies, Oil Secretary Tarun Kapoor said Oct 20 at the India Energy Forum by CERAWeek, erasing volatile...

Brent hits $86 before dipping by 79 cents as rally continues

(Reuters) - Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched. Helping to drive...

Close to 70% of drilling at Kawa-1 completed, deepwater port activity progressing – CGX

CGX and its Joint Venture partner Frontera said in an update on Wednesday that drilling operations at the Kawa-1 prospect on the Corentyne Block offshore Guyana are proceeding on schedule and the well is progressing without a major individual...

Exxon provides US$45,000 weighbridge scale to landfill facility in Guyana

ExxonMobil Guyana said on Wednesday it has provided a truck weighbridge scale to the Ministry of Local Government and Regional Development for use at the Haags Bosch Landfill site aback Eccles on the East Bank Demerara. The scale is...

BHP encounters hydrocarbons at Calypso appraisal well in Trinidad

BHP Group Ltd. said on Tuesday that it encountered hydrocarbons at the Calypso appraisal well Bongos-3 in Trinidad and Tobago and that it plans to perform other well operations as part of the drilling programme. “In Petroleum, the Calypso appraisal...

Lowest energy rate in the region will see multiple sectors flourishing in Guyana – President Ali

Guyana’s President, Dr. Irfaan Ali, told reporters at a press conference in Dubai this week that the new oil producing country is on the verge of realizing its full ‘second to none’ investment potential with the arrival of low-cost...

Dubai-based manufacturing company using Guyana as regional springboard

Some companies serving the Guyanese oil industry are moving their regional offices to Guyana, as the country is gearing up to be one of the oil provinces which will hold out the longest throughout the global energy transition. According...

Guyana-UAE joint venture to erect US$5M manufacturing facility to support oil sector

Guyana's oil sector is set to benefit from the construction of a 20,000 square foot manufacturing facility, resulting from a joint venture between Guyanese owned Global Infrastructure Solutions Guyana Inc. and Emirati owned Unidome Global DWC LLC. The US$5 million...

Latest News

Hess says Yellowtail is one of the world’s best projects

When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as...