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Argentina’s oil output to surpass 600,000 bpd on Vaca Muerta rally

OilNOW -
Argentina’s massive Vaca Muerta shale play reported yet another month of outstanding oil production growth, with October volumes surpassing 190,000 barrels per day (bpd) for the first time in history on the back of a record-high number of wells...
News

Oil stable on signs Omicron might be fairly containable

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(Reuters) - Oil prices were broadly stable on Thursday as signs the worst effects of the Omicron coronavirus variant might be fairly containable were countered by new curbs amid surging case numbers. Brent crude futures was up 19 cents, or...
News

Qatar Petroleum signed biggest long-term LNG contract with CNOOC

OilNOW -
The number of long-term contracts for liquefied natural gas (LNG) has increased in 2021, following a drop in 2020 when short-term spot contracts were favoured, according to GlobalData. The data and analytics company said 23 long-term contracts were signed...
News

Guyana inviting proposals for combined construction of gas-to-energy facilities

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Even though it has already received Expressions of Interest (EOIs) for the construction of the natural gas fired power plant for the imminent landmark gas-to-energy project, the Guyana government is now inviting proposals from firms that are capable of...
News

New Exxon Guyana head office will supply power to Georgetown grid – Routledge

OilNOW -
ExxonMobil’s new solar-powered local head office which is to be built at Ogle will provide electricity to the Georgetown power grid. So says President of ExxonMobil Guyana, Alistair Routledge, speaking at the recent 132nd annual awards ceremony of the Georgetown Chamber...
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Exxon partnering with Rotary, BrainStreet for delivery of online education

OilNOW -
The Rotary Club of Stabroek has partnered with oil giant ExxonMobil Guyana and the BrainStreet Group to deliver interactive online education particularly in the Hinterland communities. This project follows a successful first phase implemented in 2020 which saw online courses...
Exploration

Fangtooth drilling results expected early next year, says Stabroek Block co-venturer

OilNOW -
Results from drilling operations at the Fangtooth-1 prospect located at the 6.6 million acres Stabroek Block offshore Guyana is expected in early 2022, a co-venturer on the license has confirmed. “Fangtooth’s results are expected sometime in the second quarter. We’re...
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EPA secures over GY$900 million in payments for flaring – Parsram

OilNOW -
Head of the Environmental Protection Agency (EPA) in Guyana, Kemraj Parsram says to date the Agency has received GY$930 million (US$4,500,000) in payments for flaring related to oil production activities ongoing at the ExxonMobil-operated Stabroek Block. The EPA head...
Discoveries

Global oil and gas discoveries on track to hit lowest in 75 years, says Rystad Energy

OilNOW -
Norway based energy research and business intelligence company Rystad Energy says global oil and gas discoveries are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds. As...
Exploration

Analysis show US$525 billion in upstream investments will be needed annually this decade

OilNOW -
Even as the momentum surrounding de-carbonization continues to increase, a recent industry analysis by IHS Markit and the International Energy Forum (IEF) has concluded that demand for fossil fuels is nearing pre-pandemic levels, as such, US$525 billion would be...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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