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Total, CNOOC enter agreements with Uganda and Tanzania for $3.5 billion pipeline

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(Reuters) -Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. France’s Total and China’s...
Exploration

Touchstone confirms ‘liquids rich’ natural gas discovery in Trinidad and Tobago

OilNOW -
Canada-based oil and gas company Touchstone Exploration Inc. said on Monday the completion of flowback testing of the Cascadura Deep-1 well in Trinidad and Tobago confirms a liquids rich natural gas discovery. Touchstone has an 80 percent operating working...
News

Exxon’s Greater Guyana Initiative brings Zoom Rooms project to University of Guyana

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The University of Guyana (UG) on Saturday launched its Zoom Rooms project which it says lays down the first building blocks for its blended-learning architecture. The project is part of a gift under the ExxonMobil and Stabroek Block co-venturers...
News

Expert urges development of gas master plan, expects resources to continue growing

OilNOW -
The Liza-1 well offshore Guyana could supply the country with approximately 50 million standard cubic feet of natural gas per day and one expert says future exploration campaigns by ExxonMobil at the prolific Stabroek Block could see much more...
News

Supermajor Shell and others drilled multiple wells offshore Guyana and came up dry, then Exxon hit the jackpot

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Bordered by oil producing giants such as Venezuela and Brazil, the evidence of possible hydrocarbon accumulations in Guyana dates back to the 1700s, when oil traces were reported. However, the quest for unlocking the subsurface riches began in earnest...
News

India’s thirst for more crude grows, focus deepens on Guyana, Venezuela and Iran

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India Petroleum Minister Dharmendra Pradhan says New Delhi has an aggressive diversification strategy in place that provides flexibility in sourcing cargoes from a world awash with oil. The country has been buying new grades from areas outside of the Middle...
News

Brazil’s Bolsonaro wants to change Petrobras’ fuel-price policy

OilNOW -
(S&P Global Platts) Rio de Janeiro — Brazilian President Jair Bolsonaro once again warned of changes at state-led Petrobras in a move that raised the specter of renewed government interference at the company that could lead to changes in...
News

Partnership is fastest way to help Guyanese build capacity for oil sector – GCCI President

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While it is well known that most partnerships are not always successful, it is still a crucial mechanism to help Guyanese build capacity in a very short time so that they can participate in the oil sector. This is...
News

Maersk Drilling and Tullow Oil enter long-term agreement for Ghana exploration campaign

OilNOW -
Based on the previously announced Conditional Letter of Award, Maersk Drilling has been awarded a contract from Tullow Ghana Ltd. for the provision of the ultra-deepwater drillship Maersk Venturer and additional services for a development drilling campaign at the...
News

Venezuela completes offloading of crude from vessel that was tilting near T&T

OilNOW -
Venezuela has completed offloading more than 1 million barrels of crude from the floating storage and offloading facility (FSO) Nabarima which has been immobilized and anchored in the Gulf of Paria in the northeastern part of the country’s waters...
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Guyana raises 2025 growth forecast to 15.2% on stronger oil output

Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset...

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