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Oil near one-week high

OilNOW -
(Reuters) Oil prices slipped on Tuesday but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. Brent crude futures were down...
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Hess bumps up stake in Kaieteur Block as basin prospects remain prolific

OilNOW -
Westmount Energy Ltd., a company that holds shares in two of the firms with stakes in the Kaieteur Block offshore Guyana, announced on Monday that Hess Corporation has increased its stake in the block from 15% to 20%. "We believe...
Exploration

Basins with high-quality, low-cost discoveries will reign supreme

OilNOW -
Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...
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University of Guyana set to roll out new courses for oil industry from June

OilNOW -
In an effort to help fill national performance gaps, the University of Guyana’s Institute for Energy Diplomacy (IED) recently announced that it will be offering a suite of Executive Level Professional Courses on Energy Markets, Oil and Gas Value...
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Drilling deeper Guyana wells at Stabroek Block a key objective for Hess this year

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A key drilling objective for Hess corporation in 2021 in Guyana's offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company's top executives said on April 28. Uaru-2, the most recent...
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Officials in South America’s newest multi-billion-barrel oil & gas basin advancing discussions

OilNOW -
A delegation from Guyana is currently in neighbouring Suriname to further discuss advancing areas of cooperation through the Strategic Dialogue and Cooperation Platform (SCDP). Guyana’s Ministry of Foreign Affairs said on Sunday the working visit serves to further streamline...
News

Halliburton collaborates with University of Guyana to launch Drilling Fluids Lab

OilNOW -
Several hundred students in the University of Guyana’s (UG) Petroleum Chemical, Mechanical and Mining Engineering programmes will benefit from an enhanced practical experience with the commissioning of a MUD lab. The University of Guyana, in collaboration with Halliburton -...
News

Opening ceremony for Saipem construction facility in Guyana now set for June

OilNOW -
Italian oilfield services company Saipem has confirmed that it will be moving forward with the opening ceremony of its Offshore Construction Facility in the new oil producing country of Guyana next month. The opening, originally scheduled for May, was...
News

Guyana government taps diaspora to boost new oil-driven economy

OilNOW -
Guyana President, Dr. Irfaan Ali led his government in hosting the inaugural virtual diaspora conference on Saturday, during which he called on diaspora communities to assist the government in the crafting of its multi-sectoral development plan. Engagement with Guyanese communities...
News

For 36 days of flaring, Exxon will pay Guyana around US$1.3M – VP Jagdeo

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo says ExxonMobil will pay the Government around US$1.3M for 36 days of flaring at the Liza Phase 1 Development operations, in keeping with new measures implemented by the Environmental Protection Agency (EPA). During a...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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