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Oil Plus looking to bring North Sea experience to South America’s newest crude producer

OilNOW -
Rockway Oilfields Services (ROS) has entered a strategic alliance with global oil and gas support company, Oil Plus Ltd, to provide oilfield solutions in the areas of Production Chemistry and Microbiology, Maintenance and Asset integrity and Process Engineering solutions. Founded...
News

High costs of transitioning to renewables give Guyana more time to monetize oil – AMI Analyst

OilNOW -
Despite the economic attractiveness of Guyana’s oil sector, the Inter-American Development Bank (IDB) recently issued a warning that the nation’s window of opportunity to properly govern the industry as well as monetize its resources in an efficient manner is...
News

Brazil’s Petrobras targets oil output of 2.7 million b/d by 2025

OilNOW -
(S&P Global) Brazilian state-led oil company Petrobras plans to spend $55 billion over the next five years to develop subsalt fields that will boost the company's crude oil output nearly 20% to 2.7 million b/d by 2025, the company...
News

Energy, infrastructure take centre stage in high-level Guyana, Brazil meeting

OilNOW -
Guyana’s President, Dr Irfaan Ali on Thursday announced an amplification in bilateral relations between Guyana and Brazil after a meeting among high level government officials from both countries, the Office of the President said in a press statement. The Guyanese...
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BP plans to invest more in Middle East’s ‘world-leading’ oil fields

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(Bloomberg) BP Plc said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions. The company is a major producer in countries such as Iraq, where...
Exploration

Tullow says Suriname well campaign on schedule for Q1 2021

OilNOW -
Preparations are on schedule for the first well targeted for 2021 by Tullow Oil in the highly prospective Suriname basin where US multinational Apache has already made three discoveries. “In Suriname, the prospective Goliathberg-Voltzberg North-1 well is on schedule to...
News

Maduro seeking meeting with T&T gov’t officials, report says

OilNOW -
The Government of Venezuela has invited Trinidad and Tobago (T&T) Government officials to a meeting to discuss matters between the two countries, the Trinidad and Tobago Guardian reported on Wednesday. According to the Guardian, the request was made by President...
News

Bulk of oil supply next 20 years will come from ‘advantaged barrels’ – Guyana now has over 9 billion

OilNOW -
Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040. UK-based global energy group Wood Mackenzie says exploration will be critical in meeting this future...
News

Guyana is now the destination of choice for oil and gas companies, investment chief says

OilNOW -
Investors and governments from around the world have been discussing various opportunities with Guyanese authorities in recent months that could potentially see hundreds of billions of dollars being plugged into South America’s newest oil and gas hotspot. Chief Executive Officer...
News

Guyana’s President addresses Suriname’s National Assembly

OilNOW -
Guyana’s President, Dr. Irfaan Ali delivered an address this week at the Extraordinary Session of the National Assembly of the Republic of Suriname on the occasion of the country’s 45th Independence Anniversary. See Mr. Ali’s address below: Honourable Chairman of...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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