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Drill campaign at Zanderij-1 offshore Suriname planned for third quarter

OilNOW -
Planning is underway for an exploration campaign to be conducted at the Zanderij-1 prospect located at Block 42 offshore Suriname. The well, targeting both Campanian and Santonian aged reservoirs, will be spudded around the third quarter of this year. As...
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New top 10 global oil producer to form in June when BHP, Woodside close merger

OilNOW -
Shareholders of the Australian Woodside Petroleum voted to move forward with a merger with the BHP’s Petroleum business, BHP said in a note. Woodside said 98.66% of the votes submitted favoured the merged. “All conditions precedent necessary to implement the Merger...
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City Chamber welcomes Rowley’s commitment to remove trade barriers

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The Georgetown Chamber of Commerce and Industry (GCCI) has endorsed the Government of Guyana’s signing of a Memorandum of Understanding (MoU) with Trinidad and Tobago, following a public commitment to address the twin-island nation’s trade barriers against Guyana. In...
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No need for Guyana, Trinidad to be at each other’s throats about local content laws – Rowley

Kemol King -
Prime Minister of Trinidad and Tobago, Dr. Keith Rowley said there is no need for his government and Guyana’s to be at each other’s throats about Guyana’s new local content laws. “What the government of Trinidad and Tobago tried to...
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New South American oil star arrived in the year prices collapsed

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The price of oil fell to its lowest level in 11 years in 2015 as commodity markets responded to signs that the global glut of oil would have deepen the following year. While oil ministers from Qatar and Iraq...
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Barreleye unearths new oil column

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The new Barreleye-1 well, drilled in 3,840 feet of water, found roughly 230 feet of hydrocarbon-bearing sandstone reservoirs, 52 feet of which is high quality oil bearing. The well is located about 20 miles southeast of the original Liza...
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US strategic petroleum reserves sink to 35-year-low

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(Reuters) - The amount of crude oil in the U.S. Strategic Petroleum Reserve (SPR) dropped by 5 million barrels in the week to May 13, data from the U.S. Department of Energy showed. Stockpiles in the Strategic Petroleum Reserve (SPR) fell...
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TechnipFMC developing pool of local companies to work by its side in Guyana

OilNOW -
A major ExxonMobil contractor, TechnipFMC, is gradually building a pool of local companies that can support its work in Guyana, said Area Director for Guyana, Suriname and Trinidad, Nicolas Sicard. “Nowadays, we have a pool of nearly 70 Guyanese-owned companies...
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Houston, wider East Bank morphing into major corridor of oil and gas development in Guyana – Bharrat

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A new oil and gas corridor is quickly emerging in Guyana on the East Bank of Demerara where several oil field services companies have been setting up operations in recent years. “It seems as though Houston in Guyana is becoming like Houston in Texas;...
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T&T eyes preferred bidder for Point-a-Pierre refinery

OilNOW -
Trinidad and Tobago has identified another suitable bidder for the sale or lease of the state-owned Point-a-Pierre oil refinery, Prime Minister Dr. Keith Rowley announced on Friday. The refinery was moth-balled back in 2018 following the restricting of Petrotrin, the...
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Eco Atlantic announces passing of Co-Founder and Chief Operating Officer Colin Kinley

Eco (Atlantic) Oil & Gas Ltd. has announced the sudden passing of its co-Founder and Chief Operating Officer, Colin...

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