News

News

Venezuela’s collapse holds lessons for neighboring Guyana

OilNOW -
Venezuela’s slide from top of the heap to a virtual bit player in the oil market is a slow-motion car crash. Production sank progressively from 2.6 million barrels per day (b/d) a decade ago, when it was third in...
News

President signs Guyana’s wealth fund into law

OilNOW -
On January 23 this year, Guyana’s President, David Granger, signed the Natural Resources Fund (renamed from Sovereign Wealth Fund) into law. This was announced by Minister of State, Joseph Harmon, on Friday at a news conference at the Ministry...
Exploration

Major oil find excites southern Caribbean

OilNOW -
(Amsterdam News) U.S. supermajor ExxonMobil announced two major oil finds offshore Guyana in the past week, and the discovery has raised the hopes for similar massive oil discoveries in two of its neighbors that incidentally already produce oil and...
Exploration

Tilapia encountered “highest net pay count” to date on Stabroek Block

OilNOW -
The two most recent discoveries on Guyana’s prolific Stabroek Block is particularly significant since one represents the highest net pay count found to date and the other the first gas discovery announced by the ExxonMobil-led consortium of Hess and...
News

Tullow confirms Guyana 2019 campaign with three-well programme set to begin in Q2

OilNOW -
Guyana will be the focus for UK-based Tullow Oil’s exploration drilling programme in 2019 as the company gears up to drill the Jethro prospect in the second quarter of the year, as the first of two planned wells on...
News

Contract for ExxonMobil Guyana cost-recovery audit could be awarded by March

OilNOW -
Thirteen companies have submitted Expressions of Interest (EOI) and five have been shortlisted with evaluations set to commence soon, for the award of a contract for the execution of ExxonMobil Guyana’s cost-recovery audit. Director of the Department of Energy in...
News

GYEITI Coordinator calls on gov’t agencies in Guyana to submit information for transparency report

OilNOW -
Ahead of its April 25, 2019 reporting deadline, the Guyana Extractive Industries Transparency Initiative (GYEITI) on Tuesday met with stakeholders at Cara Lodge, Quamina Street, Georgetown. After becoming a candidate of the Extractive Industries Transparency Initiative (EITI) in October 2017,...
Exploration

Guyana moving towards open bidding for oil blocks, multi-client seismic survey

OilNOW -
Guyana could soon have its first open bid round for oil blocks by Q1 2020 the Director of the Department of Energy (DoE), Dr. Mark Bynoe, told reporters on Monday. An overhaul of the 1986 Petroleum Exploration and Production Act,...
Exploration

2019 high impact exploration starts with a bang: Guyana leads with 2

OilNOW -
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018, says Westwood Global Energy Group. One of...
Exploration

Venezuela oil production could fall below 700,000 bpd by 2020

OilNOW -
As Guyana prepares for first oil in 2020 from the Liza Phase 1 Development, and multiple additional projects on the horizon, with an estimated ramp up to 750,000 bpd by 2025, its western neighbor Venezuela, could see production drop...
1...823824825...998Page 824 of 998

Latest News

NewsOilNOW -

Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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