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Norway group sees Guyana overtaking U.S. Gulf of Mexico production in ‘unbelievable’ ramp up

OilNOW -
The extent of the development projects offshore Guyana within such a short space of time since the first oil discovery in 2015 is being viewed as ‘unbelievable’ by Norway-based energy research and business intelligence company, Rystad Energy. Now, the...
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Food for over 2,000 persons offshore part of big agri demand Guyana can meet using oil riches

OilNOW -
Hydrocarbon resources diminish over time but the need for food remains central in the human existence. Guyana now has an unprecedented opportunity to modernize and mechanise its agriculture sector so that long after the oil is gone, the South...
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Norway’s Equinor ending investments in Russia

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(S&P Global Platts) Norway's Equinor said Feb. 28 that it has decided to stop new investments in Russia and start exiting from joint ventures because of Russia's invasion of Ukraine, according to a statement issued by the company. Equinor's announcement...
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Oil soars as sanctions pile up on Russia over Ukraine invasion

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(Reuters) - Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.16, or 4.3%,...
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Norway freezes wealth fund assets in Russia ahead of total sell out

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(Reuters) - Norway's $1.3 trillion sovereign wealth fund, the world's largest, will divest its Russian assets following Russia's invasion of Ukraine, the Norwegian prime minister said on Sunday. The fund's Russian assets, consisting of shares in some 47 companies as...
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bp exits Russia, says involvement with Rosneft “simply cannot continue”

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The bp board announced on Sunday that the company will exit its shareholding in Russian state oil company Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the...
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Above ground risks pose biggest threat to success of oil nations, Guyana on right path – Bob Dudley

OilNOW -
Most of the challenges faced by oil and gas producing countries are those that lie above the ground in the form of policy decisions being made by the host nation. One expert says this will be the biggest challenge...
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Missile strike destroys oil terminal in Ukraine, refinery shuts down

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(S&P Global Platts) An oil depot near the Ukrainian capital of Kyiv was set on fire after a missile strike, officials said Feb. 27, a day after one of two Ukrainian refineries was shut down due to military risks. On...
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Guyana, Suriname may be the most exciting exploration hot spot in history – Rystad Energy

OilNOW -
The unprecedented oil and gas discoveries unfolding in the Guyana-Suriname basin are of historic proportions and make the region stand out as one of the most exciting hot spots the industry has seen in decades. “The Liza-1 well will be...
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Oil dips after soaring on Russia’s invasion of Ukraine

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(Reuters) - Oil prices slipped Friday after sharp rises early in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract fell $1.15, or 1.2%, to settle at...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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