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‘Big uncertainty’ over US oil output in 2020 will be critically important to oil prices – analysts

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The question of how much crude U.S. producers may be able to add in 2020 could be pivotal for oil prices this year, analysts told CNBC, while warning of the potential for “vicious corrections” in the coming months. Speaking to...
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Former Schlumberger CEO elected to Oxy Board

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Occidental Petroleum Corporation (NYSE: OXY) said Thursday Andrew Gould, former Chairman and Chief Executive Officer of Schlumberger Limited, has been elected to its Board of Directors effective March 1, 2020. Mr. Gould has more than 40 years of experience in...
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Tullow’s shares tumble on news of ‘below expectations’ Guyana oil find

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The release of drilling results by Tullow Oil on Thursday from its Carapa-1 well offshore Guyana saw the company’s shares tumbling on what analysts are saying is unlikely to be a commercial discovery. The oil and gas group’s share price...
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Tullow Oil makes discovery at Carapa-1 well offshore Guyana

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Tullow Oil plc (Tullow) said on Thursday that the Carapa-1 exploration well, drilled on the Kanuku licence offshore Guyana, has encountered approximately four metres of net oil pay based on preliminary interpretation, and has extended the prolific Cretaceous oil...
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Shorter-cycle investments, shift to natural gas and adoption of new technologies to characterize oil and gas industry in 2020 – GlobalData

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Anna Belova, Senior Oil and Gas Analyst at leading data and analytics company GlobalData, looks at the key trends that will shape the industry in 2020, ranging from stronger focus on gas developments to a push for shorter-cycle investments. A...
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‘Cautious optimism’ as Guyana enters new year as oil producing nation – PPP

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Guyana’s main opposition People’s Progressive Party (PPP) says the start of oil production at the dawn of the new year is an occasion for cautious optimism but stressed that in order for the South American nation to truly benefit...
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Oil to fuel mega projects, development programmes in coming decade – Granger

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The dawn of the new year has coincided with the start of oil production in Guyana and the country’s President, David Granger, says this will help to intensify plans to transform the South American nation of just over 750,000...
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Noble hits first gas at largest field in Eastern Mediterranean

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Noble Energy Inc.  on Tuesday announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “This is a historic...
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Bayphase Ltd. awarded contract to review plans for ExxonMobil’s 3rd development offshore Guyana

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Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support services in review and evaluation of ExxonMobil’s Payara Field Development Plans. The Expressions of Interest received...
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Petronas wraps up acquisition of two deepwater fields in Brazil

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Malaysian oil and gas company Petronas announced on Saturday the completion of the transaction for the acquisition of 50 per cent equity in the Tartaruga Verde producing field (BM-C-36 Concession) and Module III of the Espadarte field (Espadarte Concession),...
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ExxonMobil invests 1.5 million training hours to build Guyana’s oil and gas workforce – Routledge 

Since 2022, ExxonMobil has invested 1.5 million hours of training to build the skills of Guyanese men and women...

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.

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