News

Capital expenditure by project offshore Guyana sees the Liza field at the 6.6 million acres Stabroek Block leading the pack through 2030 having already surpassed US$3 billion in investments for 2019. “The 2015 Liza find has completely rewritten the script...

A senior political analyst attached to Americas Market Intelligence (AMI) says the recently released Global Witness report on Guyana is the NGO’s attempt at spreading its anti-oil ideology and urged Guyanese to do their own fact-checking and come to...

Tullow Oil plc (Tullow) announced on Monday that the Marina-1 exploration well drilled on the Z-38 licence offshore Peru reached Total Depth and has not encountered significant hydrocarbons. The well tested the La Cruz and Mal Pelo formations where minor...

The Florida headquartered Guyanese American Chamber of Commerce (GACC) has initiated efforts to set up a World Trade Center in Guyana by the end of 2020, as it is of the view that the South American oil producing country...

By Steven Jasmin - OilNOW  A few weeks ago, I posted a breakdown of the estimated $500 Billion USD worth of oil that has been discovered and will be extracted. The post was well received and re-shared quite a bit....

In providing asset highlights during an investor presentation on February 11, Hess Corporation said the 16 discoveries made so far at the Stabroek Block offshore Guyana are characterized by exceptional reservoir quality and low development costs. The company holds...

(Bloomberg) -- Tullow Oil Plc said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields. The permission will assist heavily indebted Tullow to support production at operations that failed to meet their initial...

(Forbes) As 2019 came to a close, oil prices were under pressure from the continued surge of U.S. shale oil. Although OPEC and its partners had already cut production by more than 1 million barrels per day (BPD), U.S....

An offshore worker on a North Sea platform has been quarantined over concerns around the outbreak of the coronavirus Energy Voice said in a report on Friday. The worker, on board Taqa’s Tern Alpha installation 105 miles north-east of Shetland,...

Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Meanwhile global oil firms are preparing to spend more than $53 billion in...