News

News

The Economist: Ahead of oil riches, Guyana holds a decisive election

OilNOW -
At election time, it is easy to tell which ethnic group dominates each of the villages strung out along Guyana’s Atlantic coast even without looking at the people. Where Afro-Guyanese are the main group, the green-and-yellow banners of the...
News

Oil prices on track for biggest weekly fall in four years

OilNOW -
(Reuters) - Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global...
News

Guyana oil production will help counter structural declines from mature countries – WoodMac

OilNOW -
Mature oil and gas provinces such as the North Sea will be able to maintain output levels into the mid-2020s but new producers such as Guyana will play a key role in helping to counter declines in a number...
News

“We need more Guyanas, a lot more, and we need them soon” – Wood Mackenzie

OilNOW -
UK-based energy consultancy group Wood Mackenzie says the warning signs are everywhere – “the industry isn’t finding enough oil.” The analyst, in a new report, said Guyana is one of the very few locations in the world where giant...
News

Explorers identify 22 prospects on Orinduik Block with some having over 30% chance of success

OilNOW -
Explorers at the 1,800 km2 Orinduik Block offshore Guyana have identified 22 prospects including 11 leads in the Upper Cretaceous horizon, the majority of which have over a 30 percent or better chance of success. This is enhanced by the...
News

Oil falls for fifth day on demand concerns as coronavirus spreads

OilNOW -
(Reuters) - Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy...
News

Global oil & gas prices set to fall short of earlier forecasts as coronavirus spreads – Rystad Energy

OilNOW -
As China’s coronavirus epidemic continues to expand and more countries are affected, the slowdown in global oil and gas consumption this year will hit suppliers who will see average prices fall below previous expectations, according to Rystad Energy’s revised...
News

Guyana seeking firm to market Liza Crude

OilNOW -
Guyana’s Department of Energy (DE) has put out a request for Expressions of Interest (EOI) from companies looking to provide marketing services to the country for its share of crude from the Liza Phase 1 Development. The duration of services...
Exploration

Not all discoveries are developed, success not guaranteed – Bernstein analyst

OilNOW -
An analyst at private wealth management company, Bernstein, says offshore exploration and production activities, including campaigns in the Guyana-Suriname basin where US oil major ExxonMobil has made 16 discoveries since 2015, remain risky since many projects do not make...
Exploration

One vital corner of oil market is surging despite coronavirus

OilNOW -
(Bloomberg) A closely watched North Sea oil-price indicator is reflecting little of the demand destruction that the coronavirus has wrought on global markets. Brent crude futures for April, the most immediate contract, are trading 61 cents a barrel higher than...
1...755756757...1,030Page 756 of 1,030

Latest News

NewsOilNOW -

Here’s everything you need to know about ExxonMobil’s proposed Longtail development 

ExxonMobil’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated...

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.

Quick Access

Company Info

Social Networks