News

News

Gas-to-energy project is ‘absolutely a step in the right direction’ – Rystad Energy VP

OilNOW -
Guyana’s development has been curtailed for decades, in part due to the exorbitant cost of electricity which is among the highest in the region. Now, the new oil producing country is looking to utilize associated natural gas being produced...
News

Regulators, oil companies must look at cutting edge technology to lower emissions – Guyana VP

OilNOW -
Maximum fiscal discipline and transparency will be required to ensure Guyana’s vast oil and gas resources are managed judiciously, the country’s Vice President, Dr. Bharrat Jagdeo has said. Authorities in the South American country are firm in their plan...
News

PEMEX production could take a hit following platform fire, says Fitch

OilNOW -
PEMEX's reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company's production growth rates, as this field is the company's largest production complex, according to Fitch Ratings. Fitch's current rating case assumes that the company's production levels will...
Exploration

Brazil planning to expand Open Acreage program – could unlock smaller oil deposits

OilNOW -
(S&P Global Platts) Brazil plans to expand the country's Open Acreage program to include exploration and production blocks inside the subsalt polygon that requires production sharing contracts in a move that could unlock development of smaller oil and natural...
Exploration

Stabroek Block – multiple prospects and play types

OilNOW -
The Stabroek Block, located approximately 120 miles offshore Guyana, covers an area of 6.6 million acres (26,800 square kilometers). The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional...
News

Gas pipeline could be Guyana’s lifeline to rapid industrial development

OilNOW -
New oil producer Guyana is looking to move forward with a US$900 million gas-to-energy project which authorities say will play a major transformational role in the country’s development. The project, to be located at the Wales Development Zone, West Bank...
News

All eyes on “one of the most exciting exploration wells in the world” – it’s been long in coming

OilNOW -
CGX Energy is finally back in the game. The company has faced some challenges with its activities in Guyana where it has been operating since 1998. Its operations were stymied by a maritime border spat between Guyana and Suriname...
News

Petrobras begins production at largest FPSO in Brazil

OilNOW -
Petrobras began producing oil and natural gas on Monday from the FPSO Carioca the first definitive production system installed in the Sepia field, in the pre-salt of the Santos Basin. The Brazilian state oil company said this will be...
News

“It’s incredibly rare for an industry to get a decades-long notice that its business is under threat” – Ellacott

OilNOW -
Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie said in a report released last Thursday. Stakeholders are demanding greater accountability for carbon emissions along the value...
News

From Tina to Liza – the floater that made Guyana an oil producer

OilNOW -
The vessel that produced Guyana’s first barrel of oil on December 20, 2019, marking the start of a journey for the South American country that will see it becoming a major producer this decade, was converted from a ship...
1...545546547...1,032Page 546 of 1,032

Latest News

NewsOilNOW -

French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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.

Quick Access

Company Info

Social Networks