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News

Stakeholders to review final draft of local content policy

OilNOW -
Private sector groups and other stakeholders in Guyana will soon receive the final draft of the local content policy framework for review. Speaking at a press conference on Monday in Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark...
News

Tender to be put out soon for marketing Guyana’s share of oil

OilNOW -
The Guyana government will be selling its own share of crude when production starts at the Liza Phase 1 Development project, just months away, and a tender for this will be put out before the end of the year....
Discoveries

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

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
(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

OilNOW -
(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

OilNOW -
(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...
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Latest News

ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the...

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