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Exploration

Maersk Discoverer en route to Guyana for 85-day drill campaign at Corentyne block

OilNOW -
The Maersk Discoverer, a sixth-generation semi-submersible drilling rig, is en route to Guyana from neighbouring Trinidad and Tobago and is expected to arrive at the Kawa-1 well site on the Corentyne block by August 15. CGX Energy Inc., operator of...
News

Massive Prosperity FPSO hull arrives at Singapore yard

OilNOW -
Dutch floater specialist SBM Offshore said on Thursday the hull for the Prosperity Floating Production Storage and Offloading (FPSO) vessel has arrived safely at the Keppel yard in Singapore. The next phase of construction will now commence, with the...
News

Oil prices hold steady as IEA voice concerns about demand recovery

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(Reuters) - Oil prices steadied on Thursday as the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the global oil demand recovery. Brent crude futures rose by 18 cents, or 0.25%, to...
Exploration

Exxon seeking EPA approval for major 12-well drill campaign at Canje block

OilNOW -
Exploration and appraisal drilling offshore Guyana is set to get even busier with more wells now being targeted at the Canje block where two non-commercial prospects have been spudded so far. The Environmental Protection Agency said in a notice...
News

Oil drops on report White House asking OPEC to pump more

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(Reuters) - Oil fell below $70 a barrel on Wednesday, pressured by a CNBC report that the White House will call on OPEC and its allies to boost production in an effort to combat climbing gasoline prices. The price of...
News

UN Report says planet has spent 86% of carbon budget, humanity in ‘code red’ situation

OilNOW -
A major scientific report by the Intergovernmental Panel on Climate Change (IPCC) has concluded that human activity has resulted in an unprecedented expenditure of the planet's "carbon budget," 86 percent of it to be exact, thereby leaving humanity in...
News

Guyana EPA setting up real time monitoring of offshore operations

OilNOW -
Newly appointed Executive Director of the Environmental Protection Agency (EPA), Mr. Kemraj Parsram says the agency is working to improve, enhance and build its capacity and it plans to introduce real time technology, which can assist its monitoring of...
News

Guyanese company offering ‘new age logistics with old world knowledge’

OilNOW -
Symmetry Brokerage and Logistics Service Incorporated (SBLS) is a fully owned and operated Guyanese company. Led by Chief Executive Officer, Lloyd Bart, it is raising the bar and setting the standard for Guyanese brokerage and logistics companies, particularly those...
News

Guyana amends Petroleum Law to protect use of private lands in multimillion dollar projects

OilNOW -
Members of Guyana's National Assembly on Monday debated and passed the Petroleum (Production and Exploration) Amendment Bill-2021 which will now ensure proper oversight by the government during the acquisition of private lands by a licensee for major oil projects....
News

Guyana receives US$79.6M for seventh oil lift

OilNOW -
The Government of Guyana through the Ministry of Natural Resources on Monday announced that the country received close to US$80M for the nation’s seventh oil lift. The proceeds have been deposited in the Natural Resources Fund account. Expounding on this...
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ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its...

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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