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Guyana deepwater drilling pushes Schlumberger fourth quarter 2020 results

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Oilfield Services Company Schlumberger recorded $969 million in revenue for the Latin America region in the fourth quarter (Q4) of 2020. The company said on Friday this represents an increase of 17% sequentially with continued strength in Ecuador, Colombia,...
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Guyana issues statement on detention of fishing vessels by Venezuelan Navy

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Statement by Ministry of Foreign Affairs The Ministry of Foreign Affairs of the Cooperative Republic of Guyana has confirmed reports that two Guyanese registered fishing vessels – the Lady Nayera and the Sea Wolf – operating off the coast of...
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Guyanese aviation firm says training from Exxon opened door to oil and gas opportunities

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Guyanese aviation company, Trans Guyana Airways, has been working with several local firms to provide services and key support to the oil and gas industry. The aviation company said through the support of ExxonMobil Aviation Services, it has been...
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Oil flow halted at Colombia pipeline near Venezuela border following attack

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(Reuters) - Oil flow through Colombia’s Cano Limon-Covenas pipeline was suspended on Friday after an attack with explosives started a fire, Cenit, a subsidiary of the country’s majority state-owned oil company Ecopetrol, said. The attack took place in a rural...
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2025 Emission Reduction plans consistent with Paris Agreement goals – ExxonMobil Director

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Following the announcement by President Joe Biden that the United States of America would rejoin the Paris Agreement, ExxonMobil has disclosed that it not only supports this move but is working to help achieve the goals of the pact...
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ExxonMobil says it can deliver 50 million cubic feet of gas per day to shore

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The use of natural gas to provide energy in Guyana continues to form a major part of the government’s plans to deliver significant benefits to the country of just over 750,000 people. Piping gas to shore will allow for...
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Big Guyana oil finds embolden Suriname explorers – deepwater set to flourish

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The more than 85 percent exploration success rate ExxonMobil has had in Guyana at the prolific Stabroek block has served to open up the Guyana-Suriname basin and analysts believe there are billions of barrels of oil yet to be...
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Biden administration suspends oil and gas permitting on federal lands

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(Reuters) - The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo. The move appears...
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Guyana-Suriname basin at top of watch list, Bulletwood and Bonboni could deliver big pay

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Analysts are looking closely at the exploration campaigns targeting the Bulletwood prospect in Guyana and Bonboni in neighbouring Suriname which are testing the upper cretaceous play in a basin where billions of barrels of oil equivalent have been found...
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Disappointment for Trinidad as BHP confirms dry hole at Broadside-1

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Australian based petroleum company BHP confirmed on Wednesday that it failed to encounter hydrocarbons at the Broadside-1 exploration well in Trinidad and Tobago. “In Trinidad and Tobago, the Broadside-1 exploration well in the Southern Licence reached the main reservoir on October...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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