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Apache announces major oil discovery at Block 58 Offshore Suriname

OilNOW -
Third consecutive discovery offshore Suriname confirms a world-class hydrocarbon resource Kwaskwasi-1 well encountered 278 meters (912 feet) of net oil and volatile oil / gas condensate pay. Fourth exploration prospect in Block 58, Keskesi East-1, will be drilled...
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Wood Mackenzie: What would a Joe Biden win mean for oil and gas?

OilNOW -
With analysis from Julie Wilson, Research Director Global Exploration, Ed Crooks, Vice-chair, Americas and Rowena Gunn, Research Analyst Joe Biden is edging ahead in the race for the White House. The latest average of polls, as of 24 July, suggests that 50% of Americans...
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Liza production to hit peak in August as water and gas injection come online – Hess

OilNOW -
Two additional high-quality reservoirs identified at Yellowtail-2 ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online at its Liza Phase 1 Development located 120 miles offshore Guyana at the Stabroek Block. This will see production...
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As Guyana prepares to lift its 3rd oil cargo – new four-month supply glut looms

OilNOW -
Guyana will lift its third million-barrel oil cargo next week just as the upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels. Rystad Energy said...
News

Despite ‘COVID-19 shock’ Canadian oil sands production positive over long-term – IHS Markit

OilNOW -
Canadian oil sands production is expected to decline by nearly 175,000 barrels per day (b/d) in 2020 as a result of COVID-19—the largest annual decline on record. However, the longer-term trajectory of oil sands production is expected to change...
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Guyana’s oil resources well-positioned to survive stranded assets phenomenon – CGX Head

OilNOW -
Executive Director of CGX (Guyana) Energy, Professor Suresh Narine, says despite the gradual global transition to renewable energy, the demand for oil will remain high in coming years and as such, Guyana’s multi-billion barrel resources are well-positioned to survive...
Exploration

Tullow pushes back Suriname well campaign to 2021

OilNOW -
UK-based Tullow Oil said Wednesday it will be drilling the Goliathberg-Voltzberg North prospect at Suriname’s Block 47 early next year instead of Q4 2020, as was previously announced. The prospect lies approximately 260 kilometres off the coast of the country...
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Halliburton to provide Petronas with landmark software for E&P activities

OilNOW -
Halliburton said on Tuesday it has received a scope expansion from Petroliam Nasional Berhad (PETRONAS) to support their upstream digitalization initiatives and reduce exploration time by increasing collaboration and efficiency. PETRONAS is the custodian of Malaysia’s oil and gas...
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Liza Crude fixed for China delivery in July – S&P Global Platts

OilNOW -
The medium sweet Liza Crude being produced offshore Guyana was fixed for China delivery this month during which more rare grades were expected to arrive, with Chinese independent refiners now open to buying anything economically competitive, S&P Global Platts...
News

End game for oil? OPEC prepares for an age of dwindling demand

OilNOW -
(Reuters) - The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand, and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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