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Rapid development of Guyana oil fields will maximise benefits to country – WoodMac

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With volatility in global oil prices and a high degree of uncertainty about the long-term value of these resources, UK-based global consultancy group, Wood Mackenzie says rapid development of Guyana’s oil fields will maximise benefits to the South American...
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Substantial oil resources to be unlocked in Norway through increased recovery projects

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Increased recovery projects in Norway will unlock substantial oil resources, driven predominantly by the majority state-owned Equinor, says GlobalData, a leading data and analytics company. Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, comments: “Field expansion projects in Norway...
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Suriname hoping to replicate Guyana’s ‘one find after the other’ lucky run

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As oil discoveries in Guyana continue to ramp up in what industry analysts have described as a ‘remarkable series of results’ since the world class Liza find in 2015, neighbouring Suriname says it hopes to replicate this soon. The country’s...
News

Halliburton introduces children to oil and gas

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On Wednesday, US-based oil services company Halliburton, in collaboration with the University of Guyana, hosted day two of a three-day introduction to oil and gas for children. The program, entitled, The Science of Energy: A Children’s Workshop, was held...
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Guyana on the radar of every major oil company in the world

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The South American country of Guyana is on the radar of every major oil company in the world now that a total of 14 discoveries have been made offshore in just four years and it has been proven that...
Exploration

IEA sees oil supply glut in 2020

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Efforts to re-balance the oil market could be in vain after the International Energy Agency (IEA) cut its oil demand growth forecasts for both 2019 and 2020 and pointed to strong non-OPEC supply driven by the US, Norway and...
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Guyana oil prospects rapidly expanding with huge potential for national development

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Just over 4 years ago Guyana was virtually unknown in the world of oil and gas with no proven oil reserves and scores of failed attempts to find this precious commodity. Fast-track to 2019 and 15 percent of conventional...
News

Global oil, natural gas exploration forecast to climb 35% from 2018

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The second half of the year should see sustained increases in oil and natural gas exploration activity worldwide, according to analysts, Natural Gas Intelligence (NGI) said in an August 14 report. Another 35-40 high-impact exploration wells should be completed by...
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Over 100 million barrels at Jethro; Tullow looking at standalone development

OilNOW -
(S&P Global Platts) Independent explorer Tullow Oil has made a significant oil discovery in its block in Guyana, which could hold over 100 million recoverable barrels, it said Monday. The company is "confident of the commercial value" of this prospect...
Exploration

Jethro oil deposit is like a 15-story high building stretching 20 km wide – Holzman

OilNOW -
Fifteen stories high and over 20 km wide, full of oil. That is the description given by Gil Holzman, Chief Executive Officer and Co-founder of Eco (Atlantic) Oil and Gas - junior partner in the 1800 km2 Orinduik Block...
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...

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