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World’s Largest Recent Offshore Oil Discovery Progresses Amid Political Tensions, Disputes

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Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving to be true for the most prolific offshore oil discovery in recent years off the coast of the...
Exploration

Qatar Petroleum farms into Guyana oil blocks

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Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore the South American country of Guyana. Under the agreement, which is subject to customary regulatory approvals by the government...
Exploration

First gas expected from BP Trinidad’s Cassia project in 2021

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BP Trinidad and Tobago’s (BPTT) Cassia Compression project is on track with first gas expected in 3Q 2021. The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently producing fields in the...
Exploration

Mid-Atlantic Oil & Gas among those supporting QC Alumni Math Camp

OilNOW -
Junior partner in the Canje block offshore Guyana, Mid-Atlantic Oil & Gas, is one of several companies supporting the Queen’s College of Guyana Alumni Association (NY), Inc. (QCAANY) 2019 Math Institute Summer Camp. For the fourth consecutive year, QCAANY will...
News

Guyana oil boom will drive construction activity, reduce unemployment – Fitch Solutions

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Fitch Solutions - an industry-leading provider of credit, debt market, and macro intelligence services – says as the South American country of Guyana upgrades its infrastructure and prepares for an economic windfall from oil production, the construction sector will...
News

OPEC’s mission to bolster oil market enters make-or-break phase

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(Bloomberg) The latest mission by OPEC and its partners to contain an oil glut is entering its most critical phase. Saudi Arabia, Russia and other major crude exporters struggled to keep a surplus in check over the past six months...
News

US allows Chevron to remain in Venezuela

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(Argus) The US will extend by three months Chevron's exemption from sanctions targeting Venezuela's oil sector. Chevron and oil field service providers Halliburton, Schlumberger, Baker Hughes and Weatherford will have until 27 October to wind down business in Venezuela, the...
News

Inpex enters Anadarko’s Gulf of Mexico blocks

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(Offshore Energy) Japan’s Inpex has reached an agreement with Anadarko Petroleum to acquire a 40 percent participating interest in Keathley Canyon blocks 921 and 965 as well as Walker Ridge blocks 881 and 925 in the U.S. Gulf of...
News

Saipem secures over US$160M in new contracts

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Saipem has been awarded new contracts in offshore drilling in Romania and Abu Dhabi worth over 160 million USD. According to one contract, the company will drill a well in Romania’s Black Sea waters, expectedly in the fourth quarter of...
News

Opposition Leader wants more oil benefits for Guyana; says this must be balanced against investor returns

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Guyana's Opposition Leader Bharrat Jagdeo believes the South American country needs to alter the terms of future Production Sharing Agreements (PSAs) to maximize benefits for all Guyanese, but says this must be balanced against investor returns. “They will be...
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MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

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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