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Exploration

Time to act is now for Latin America oil producers, newcomer Guyana in position to soar

OilNOW -
Countries around the world including those in the Latin America and Caribbean region are taking measures to ramp up oil and gas production knowing that the window is closing for development of these resources at prices that would make...
Exploration

Total puts brakes on drilling operations at South Africa block

OilNOW -
(Reuters) - French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed. The delay is...
News

Guyana lifts its 6th million-barrel oil cargo, next shipment could be affected by drop in production

OilNOW -
The Guyana government exported another million-barrel oil cargo this week from the Liza Destiny FPSO even as production was reduced from 120,000 barrels of oil per day (bpd) to around 30,000 bpd due to additional issues encountered with the...
News

Upstart oil producer Guyana turning heads, poised to eat up market share

OilNOW -
Producing oil in Guyana cost less than almost anywhere else in the world and this makes the South American country an extremely attractive investment destination for deepwater explorers. Many factors play a role in the production cost for a...
Opinions

The top three challenges of being the most appealing fossil fuel opportunity in the world

OilNOW -
By Arthur Deakin - OilNOW It is no longer a secret that Guyana is one of the most attractive investment opportunities in the world. The country has discovered 9 billion barrels of recoverable oil, and that is likely only half...
News

Petrobras takes over BP’s stakes in basin where geologist say Guyana oil-rich play extends

OilNOW -
The highly prospective Foz do Amazonas region in Brazil, which is part of South America’s Equatorial Margin, is considered to hold similar geology and prospects to Guyana and West Africa. But due to ongoing environmental challenges with permits in...
News

Tullow kicks off multi-well drill campaign in Ghana

OilNOW -
Tullow Oil plc (Tullow) announced on Tuesday the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field on April 5. As previously announced, the Maersk Venturer, which...
News

OilNOW TV webinar series continue tonight with focus on local content

OilNOW -
A revised draft Local Content Policy has been the focus of intense consultations in Guyana since February, and it is expected that an updated version of this document will form the basis for a local content framework that would...
News

Most of Exxon’s support operations that came from Trinidad now migrated to Guyana – Routledge

OilNOW -
ExxonMobil Guyana says it remains committed to a local content framework that supports the implementation of effective measures that would help to build a globally competitive workforce and supply base in the new oil producing South American country. The...
News

Guyana among just a handful of countries from where bulk of remaining deepwater oil resources will come – Wood Mackenzie

OilNOW -
While there’s no arguing that the energy transition is upon us, one thing is for sure: oil and gas will play a significant role in meeting energy demand for decades to come. This is according to U.K. based consultancy...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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