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Orinduik explorers remain confident of Guyana prospects – gunning for ‘lighter oil’

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While analysis of Tullow Oil’s recent discoveries at the Orinduik Block offshore Guyana has proven to be disappointing, the Joint Venture Partners remain confident of prospects offshore the South American country and will be updating their modelling to guide...
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Maersk enters new contract with Shell for 2-well project offshore Trinidad & Tobago

OilNOW -
Maersk has announced that it has entered into contract with BG International Ltd., a subsidiary of Shell, for work offshore Trinidad and Tobago on a two-well development project for the semi-submersible rig Mærsk Developer. The Energy Chamber of Trinidad and...
News

Tullow stock sinks on quality concern over Guyana crude

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(Bloomberg) - Tullow Oil stock fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in Guyana. The stock sank as much as 23% on the news that crude from two wells...
News

Gas could be piped to shore by 2023 to power Guyana’s domestic needs

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Associated gas deposits which have been found with the significant oil discoveries made offshore Guyana could be piped to shore as early as 2023 to help generate electricity to fulfil the South American country’s domestic needs. While the priority, as...
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Civil society bodies willing to support interim oversight O&G mechanism

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Policy Forum Guyana is among a group of civil society bodies calling for the establishment of an interim monitoring mechanism for the oil and gas sector in light of the recently announced plans for early production and as a...
Exploration

After peaking in 2020 offshore oil will face slowdown

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(Bloomberg) Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions. A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico...
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All eyes on multi-billion-barrel Atlantic Margin play

OilNOW -
Geologists and experts in the oil and gas industry have long been intrigued with similarities between the MSGBC Basin - Mauritania, Senegal, The Gambia, Guinea Bissau and Guinea Conakry, off the coast of West Africa and that of the...
Exploration

Bolivia crisis hits Shell, Total and Repsol

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(Bloomberg) -- Natural gas exploration by global oil companies in Bolivia, key to growing the country’s sagging economy, has stopped amid an escalating political crisis that has left the Andean nation rudderless. Royal Dutch Shell Plc, Total SA and Repsol...
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Aker BP plans early startup at Norway’s Aerfugl gas field

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(Reuters) - Oil and gas firm Aker BP will accelerate the startup of production from Norway’s Aerfugl natural gas field, the company said on Monday. In a surprise move, the company now plans to start Aerfugl production in the first...
Exploration

Iran says oil field found with more than 50 billion barrels

OilNOW -
(Associated Press) Iran has discovered a new oil field in the country's south with over 50 billion barrels of crude oil, its president said Sunday, a find that could boost the country's proven reserves by a third as it...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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