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Setting up oil refinery in Guyana not feasible – Haas

OilNOW -
Setting up an oil refinery in Guyana will not be economically viable based on a detailed study carried out to look into the matter. Pedro Haas, Director of Advisory Services at Hartree Partners, made the disclosure today at a public...
News

Advisor on oil refinery arrives in Guyana to present findings

OilNOW -
Pedro Haas, Director of Advisory Services at Hartree Partners, arrived in Guyana early this morning on Caribbean Airlines Flight 527. Mr. Hass touched down at the Cheddie Jagan International Airport (CJIA) at 6:40hrs, ahead of a scheduled 7:05hrs landing. All...
News

Shell reports more than 300% increase in earnings for 1st quarter

OilNOW -
Shell has posted a more than 300 per cent rise in profits for the first quarter of the year, beating analysts' forecasts, helped by a sharp recovery in oil prices. Europe’s largest oil company said that based on a current...
News

TechnipFMC opens new facility in Texas

OilNOW -
TechnipFMC has opened a new facility in Odessa, Texas which will bring together its surface product and service lines in one consolidated complex so that the company can better support the Surface Americas’ integrated pad offering to clients. The facility...
News

Surge in oil-related investments expected in Guyana this year

OilNOW -
Investment in oil-related activities and business ventures in Guyana is expected to surge in 2017 as offshore operators and other players in the industry ramp up preparations for first oil production in the South American country. Already, a number of...
News

Tullow Oil director appointed to Providence board

OilNOW -
Irish oil and gas exploration company Providence Resources has appointed a new non-executive director to its board of directors with effect from June 1, 2017. Providence said on Monday that the exploration director and main board director of Tullow Oil,...
News

Oil prices projected to hit $60-$80 per barrel by 2020

OilNOW -
There is clear consensus that oil prices will be in the $50-60 per barrel range this year, and within the $60-80 per barrel range in 2020, according to a new survey from Wood Mackenzie. This projection bodes well for the...
Exploration

Tullow working up drilling prospects offshore Guyana, Uruguay

OilNOW -
Tullow Oil is stepping up exploration of frontier basins offshore South America and West Africa. The company’s New Ventures team has completed a 2D seismic survey off Jamaica and a 3D survey offshore Uruguay, Offshore reports. Tullow will use the Uruguay...
News

Guyana must guard against over-dependence on oil and gas revenues – Mexican academic

OilNOW -
Guyana must be mindful of over-dependence on its newly discovered and soon to be extracted oil and gas resources if it is to guard against the dreaded resource curse, said a Mexican academic. Speaking at last Wednesday’s Turkeyen and Tain...
Discoveries

Repsol discovers massive oil field in Alaska

OilNOW -
Spanish oil company Repsol SA has discovered a giant oil field in Alaska, a potential find big enough to help stem production declines in the state. Repsol said two wells drilled this winter with Denver-based partner Armstrong Oil & Gas,...
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Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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