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2025 Emission Reduction plans consistent with Paris Agreement goals – ExxonMobil Director

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
(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

OilNOW -
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

OilNOW -
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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Big opportunities for farmers in Guyana’s oil and gas sector, supplies already going offshore

OilNOW -
The offshore exploration and production operations in Guyana have been creating growing opportunities for suppliers of goods and services, including those outside the oil and gas industry. In fact, since the first discovery in 2015 when it became apparent...
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Governments in developing countries not ready to ‘kill off’ upstream investment – WoodMac

OilNOW -
Governments have a lot to think about in 2021 says UK-based global consultancy group, Wood Mackenzie. Tougher fiscal terms could put countries at the sharp end of the energy transition – but support for upstream sectors could also remain...
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Higher fluids sales in Guyana help bump up Halliburton Latin America revenue

OilNOW -
Halliburton reported quarterly results on Tuesday that exceeded analysts’ expectations posting a profit of 18 cents per share on revenue of $3.24 billion for the fourth quarter (Q4) of 2020. According to Refinitiv, analysts expected earnings per share of 15...
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Norway issues 61 new licences for oil and gas exploration activities

OilNOW -
Thirty companies have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020, the Norwegian Petroleum Directorate said on Tuesday. The authorities assessed applications from a...
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GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13...

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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