News

News

15% of global oil discoveries since 2015 made in Guyana

OilNOW -
Guyana accounts for 15 percent of conventional oil discoveries made globally since 2015 and from all indications, potential for more crude strikes offshore the South American country remains high. Since the first giant Liza discovery announced back in May 2015,...
News

US cements position as world leader in oil reserves; Guyana pushing offshore replacement ratio

OilNOW -
In its latest annual report of world recoverable oil resources, Rystad Energy, the independent energy research firm, finds that the United States currently holds 293 billion barrels of recoverable oil resources. This is 20 billion barrels more than Saudi...
News

Guyana strengthening relations with Russia; investment and education on radar

OilNOW -
Guyana’s President David Granger on Wednesday said the South American country looks forward to strengthening its relations with Russia and will pursue the successful conclusion of agreements relating to investments and the mutual recognition of educational qualifications. “Guyana will continue...
News

Natural gas prices enter extreme negative territory in the Permian – WoodMac

OilNOW -
Global energy research and consultancy group, Wood Mackenzie, says the Permian natural gas spot price continues to enter new frontiers in 2019. The pipeline constraints that  sparked extreme negative Permian daily prices first appeared in late March and early April. As new...
News

Ghana to help Guyana build its O&G capacity

OilNOW -
The Republic of Ghana has expressed an interest in helping Guyana build its oil and gas capacity. This was among highlights of a bilateral agreement, which was signed between Guyana's President David Granger and Ghanaian's President Nana Akufo Addo. President...
News

Petrobras, SBM sign LOI for Mero 2 FPSO

OilNOW -
(Oil & Gas Journal) Petroleo Brasileiro SA (Petrobras) signed a letter of intent with SBM Offshore for a 22.5-year lease and operation of the Mero 2 floating production, storage, and offloading vessel to be installed on giant Mero oil field in the...
News

Trinidad moves past Venezuela to tap border gas

OilNOW -
(Argus) Trinidad and Tobago has cleared Shell to develop the country's side of a shallow-water natural gas field that straddles the maritime border with Venezuela, Prime Minister Keith Rowley said. The move indicates Trinidad's "impatience" with Venezuela's delay in agreeing...
News

Guyana just months away from adding to South America’s O&G supply

OilNOW -
Guyana will begin producing oil within months at a modest peak rate of 120,000 barrels per day but with a rapid acceleration that will see production ballooning to almost 1 million bpd by the mid-2020s, adding to the South...
News

Ghana president touches down in South America’s newest O&G hotspot

OilNOW -
President of Ghana Nana Akufo-Addo arrived in the South American country of Guyana in the early hours of Tuesday morning for what is the first State Visit by the African leader to the soon-to-be newest oil producer on the continent. Guyana’s President David Granger...
News

Tullow set to spud first well offshore oil-rich Guyana within weeks

OilNOW -
UK-based Tullow Oil and its joint venture partners will spud their first well at the Orinduik Block offshore Guyana just miles away from the multi-billion barrel Stabroek Block where US oil major ExxonMobil has to date made a record...
1...823824825...1,026Page 824 of 1,026

Latest News

NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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