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Investments and opportunities growing in South America’s new oil producing nation

OilNOW -
With Guyana approaching its second year as an oil-producing nation, the small South American country, with a population of approximately 750,000 continues to see increasing benefits from its resource-rich Exclusive Economic Zone (EEZ), in which its vast oil fields...
News

Guyana, Suriname exploring unification of economic spaces – senior minister

OilNOW -
The Presidents of Guyana and Suriname, Dr. Mohamed Irfaan Ali and Chandrikapersad Santokhi, have discussed at length, ways in which the two countries can unify their economic spaces. So said senior minister in the Office of the President with responsibility...
News

TotalEnergies says decision on 1st Suriname offshore development by year end

OilNOW -
TotalEnergies, operator of Suriname’s Block 58, says by the end of the year it will be able to determine if an announcement of the first commercial development offshore the South American country will be made. The French oil major along...
News

Oil on agenda as high-level Suriname delegation set to begin 4-day visit to Guyana

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali has indicated that oil and gas collaboration is one of the many topics up for discussion with the Surinamese President Chandrikapersad Santokhi, who will be leading a high-level delegation to Guyana...
Exploration

Aggressive oil exploration needed in Colombia – GlobalData

OilNOW -
Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData. The leading data and analytics company...
News

Shares in Brazil’s Petrobras jump almost 10%

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(Reuters) - Preferred shares in Brazil's Petrobras jumped almost 10% on Thursday, after the state-controlled oil company smashed second-quarter margin estimates and announced 31.6 billion reais ($6.15 billion) in extraordinary dividend payments. Petroleo Brasileiro SA, as the company is formally...
News

Builder of Guyana FPSOs secures 22.5 year contract for Brazil floater

OilNOW -
SBM Offshore said Tuesday it has signed a Letter of Intent with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease and operate contract for FPSO Alexandre de Gusmão. The unit will be deployed at the Mero field in the...
News

Petrobras to supply free cooking gas to low-income Brazilians

OilNOW -
(Reuters) - Brazilian President Jair Bolsonaro said on Friday evening that state-controlled company Petroleo Brasileiro SA, known as Petrobras, has 3 billion reais ($575.5 million) to fund free LPG bottles to low-income people that cannot afford them. Liquified petroleum gas...
Exploration

More oil for Suriname: TotalEnergies and Apache announce new discovery

OilNOW -
TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara...
Exploration

Shell’s Barracuda Project delivers first gas in T&T

OilNOW -
Shell Trinidad and Tobago says production has started on Block 5C in the East Coast Marine Area (ECMA) in the twin island republic. This marks a significant milestone in the delivery of gas both domestically and internationally through Atlantic...
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Latest News

Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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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