Showing results for:

Exploration

Emerging play options shrinking, Guyana & Suriname account for over 50% this year

OilNOW -
Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered since 2015. According to Westwood Global...
News

IEA’s call for no new oil investments not prescriptive, says Guyana’s Vice President

OilNOW -
Even though the International Energy Agency (IEA)’s bombshell report advised that no new investments are needed in fossil fuels if the world is to reach net-zero by 2050, Guyana’s Vice President, Dr. Bharrat Jagdeo is urging stakeholders to remember...
News

Government considering using percentage of oil revenue to reduce electricity cost – Ali says in Independence Day message

OilNOW -
For almost all of Guyana’s existence as an independent nation, oil was non-existent in the national discourse and played no role in advancing the country’s economic development. Guyana depended primarily on its agriculture exports such as rice and sugar,...
News

AAPG, SPE exploring merger to create ‘energy professionals’ organization for the future’

OilNOW -
The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announced Tuesday that they are exploring the benefits and opportunities of a merger that would create the ‘energy professionals' organization for the future’. With unanimous consent...
Exploration

Basins with high-quality, low-cost discoveries will reign supreme

OilNOW -
Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...
News

Carbon pricing benchmark utilized to determine Exxon’s flaring payment — EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) recently revealed that it had utilized a carbon pricing benchmark to determine the US$30 per tonne of carbon dioxide equivalent (CO2e) payment which ExxonMobil will make for flaring offshore at its Liza Phase 1...
News

Local companies ink deal to serve Guyana, Suriname upstream sector

OilNOW -
Local companies are positioning themselves to reap the benefits from Guyana’s burgeoning petroleum sector, even extending their reach to neighboring Suriname. The latest to do this is Demerara Contractors and Engineers Limited (DCEL) and AGT Energy Group Inc. (AGT). The...
News

ExxonMobil will not recover US$30 payment for flaring at Liza Phase 1 – EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has clarified that ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) will not recover the US$30 payment for CO2e emissions recently introduced in the modified Environmental Permit for the Liza Phase 1 Development. The...
News

One vast oil field has given Guyana the power to be energy independent – global analytics provider

OilNOW -
With a population of around 800,000 people, Guyana’s modest piece of global oil and gas output already makes a big difference to the South American country with a lead international analytics provider saying just the Liza reservoir alone gives...
Exploration

Drilling at Canje Block will determine if upper-cretaceous play can be extended

OilNOW -
Exploration drilling in the Canje Block offshore Guyana will be key to determining if the upper-cretaceous play can be extended in a basin where over 9 billion barrels of oil equivalent have been found in the adjacent Stabroek Block...
1...261262263...370Page 262 of 370

Latest News

NewsOilNOW -

Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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