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Exploration

More than 600,000 wells to be drilled globally between 2021 and 2030 – Rystad Energy

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Global drilling activity is poised to bounce back from a tough 2020 with close to 58,000 wells lined up for this year and over 600,000 expected to be drilled by 2030, according to Norway-based energy research and business intelligence...
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Iraq, Baker Hughes developing 200 MMcf/d gas project amid plans to end flaring

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(S&P Global Platts) Iraq's state-owned South Gas Co. and Baker Hughes plan to develop a 200 MMcf/d gas recovery project in the south following a three-year delay, the oil minister said Sept. 19, as part of plans to end...
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SABIC, ExxonMobil JV in U.S. preparing for initial startup

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(Reuters) - Saudi Basic Industries, the world's fourth-biggest petrochemicals firm, said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup. The project includes the establishment of...
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Local Content—the GCCI has the right idea

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By A. Bacchus – OilNOW There’s a national song that I recited weekly in school, with a chorus that has over the years been used as a motto for quite a few movements— “Can we do it? Yes, we can.” ...
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Price signals are screaming market needs more gas

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By Ed Crooks - Vice-Chair, Americas - Wood Mackenzie The price system, in the famous words of the economist and philosopher Friedrich Hayek, is “a mechanism for communicating information… which enables individual producers to watch merely the movement of a...
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GEC-X attracting major support among Guyanese business groups, other partners

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In a show of overwhelming support, the Georgetown Chamber of Commerce and Industry (GCCI), on Thursday signed several Memoranda of Understanding (MoU) with the Guyana Oil and Gas Energy Chamber (GOGEC); Women’s Chamber of Commerce and Industry Guyana (WCCIG);...
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Exxon looking to deliver more oil at Cataback-1, Longtail-2

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ExxonMobil is forging ahead with its multi-well campaign at the prolific Stabroek Block with drilling operations at the Longtail-2 and Cataback-1 prospects. The Stena Carron will be engaged in exploration drilling activities at Longtail-2 located approximately 106.9 nautical miles (198...
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Exxon moving almost all supply work from T&T to Guyana by 2022 – Routledge

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As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks. In a recent interview...
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63 women entrepreneurs to benefit from training through ExxonMobil Foundation, Centre for Local Business Development

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Sixty-three Guyanese women entrepreneurs will soon commence training through the ‘Accelerate-Her’ and the ‘Cherie Blair Foundation for Women – Road to Growth’ programmes, which are geared towards building the capacity and marketability of women-led businesses in Guyana. The Cherie Blair...
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Oil holds above $75, remains on track for weekly gains

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(Reuters) - Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after two hurricanes in the U.S. Gulf of...
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ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge,...

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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