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Haliburton unveils new precision drilling technology

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Halliburton has introduced StrataStar™, a deep azimuthal resistivity service that provides multilayer visualisation to maximize well contact with the reservoir and improve real-time reserves evaluation. Unveiled on Tuesday, Haliburton explained that regardless of the complexity of a reservoir, wells accurately...
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Shell, TotalEnergies win big in Brazil’s offshore block auction

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Royal Dutch Shell and TotalEnergies scored big at a fresh Brazil bid round on Wednesday, securing six and two offshore exploration blocks respectively, in the country’s Santos basin. The public bidding session of the 3rd Cycle of the Open Acreage...
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Three of world’s biggest emitters don’t plan on being net-zero by 2050

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Last year, the International Energy Agency (IEA) produced a Net Zero by 2050 Roadmap discussing its comprehensive study of how to transition to a global net zero energy system by 2050, while providing universal energy access and robust economic...
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Saipem heavy lift crane ship damaged after tilting in Norway

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The giant Saipem 7000 heavy lift crane vessel partially capsized on Thursday during a lifting incident in a fjord in Norway. Reports from the Norwegian Maritime Directorate suggest that all 275 crew members were rescued; no injuries were sustained. Norwegian Media...
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Guyana’s oil earnings per capita by 2025 could exceed Qatar, Kuwait and Norway – Expert

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A United States Geological Survey estimated in the year 2000 that the Guyana-Suriname basin's reserves stand at 13.6 billion barrels of oil and 32 trillion cubic feet of gas, but subsequent discoveries and surveys have taken updated estimates way beyond...
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Fitch ups Guyana’s growth forecast as oil prices remain high

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Fitch Solutions, regarded as one of the top three credit rating agencies in the world, has upped its growth forecast for Guyana this year on account of high oil prices. The report from Fitch Solutions Country Risk & Industry...
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Guyana not the only region with aggressive oil agenda

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While some environmental and other interest groups have criticized Guyana over the rapid pace at which the South American nation is developing its oil and gas resources, with some even calling for it to be left in the ground,...
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Guyana, Canada agree to expand trade relations, commercial opportunities

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A Memorandum of Understanding (MoU) signed between Guyana and Canada will see the two nations building firmer ties to see expanded trade relations and greater cooperation. The agreement was signed on Tuesday by Guyana’s Minister of Finance, Dr. Ashni Singh...
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Solar farms advancing at two of Guyana’s towns

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Lethem and Bartica, two of Guyana’s towns, will see significant savings in fuel costs and emissions, with the addition of solar farms there. Prime Minister, retired Brigadier Mark Phillips visited the more recent construction at Bartica on Tuesday, which is...
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Exploration’s star is rising; Guyana-Suriname basin shining brightest

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High-impact exploration in deepwater plays is reserved to major oil players – like ExxonMobil, TotalEnergies, BP, Royal Dutch Shell – and a few leading National Oil Companies (NOCs). The reason, according to UK-based consultancy group Wood Mackenzie, is because only...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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