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Coming oil price bounce, supply shortfall opening space for Guyana barrels

OilNOW -
More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise amid a coming shortfall in supply. According to the findings of a Reuters Poll published on Friday, oil prices will stage a...
News

New York Stock Exchange begins delisting CNOOC

OilNOW -
The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November last year, Reuters said in a...
News

In historic move, Exxon takes Canadian oil sands off its books

OilNOW -
(Bloomberg) --Exxon Mobil erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before seen in the company’s modern history. Exxon counted the equivalent of 15.2 billion barrels of reserves...
News

Tullow Oil reaches over US$1 billion reserve-based loan agreement with banks

OilNOW -
U.K. based multinational oil and gas exploration company Tullow Oil said on Friday it has been able to finalise a more than US$1 billion reserve-based loan agreement with banks. The company has been reviewing its business plan and operating...
Exploration

Fifty-seven days later: Bulletwood-1 drill campaign wrapping up

OilNOW -
The Stena Carron drillship is wrapping up operations at the Bulletwood-1 prospect offshore Guyana on the Canje Block where the well was spudded approximately 57 days ago. The Maritime Administration Department said in a notice on Wednesday that the Stena...
News

GEC-X ’21 to focus on local content, energy mix

OilNOW -
For the first time, local organisers will be fully spearheading an energy conference that is set for September 28-29, 2021, and that event—the Guyana Energy Conference and Exhibition (GEC-X ’21)—will place keen focus on Guyana’s energy mix as a...
News

Brazil’s Enauta restarts production well after shutting down to replace oil heaters

OilNOW -
(S&P Global Platts) Brazilian independent oil and natural gas producer Enauta restarted a single production well at the offshore Atlanta Field, pumping about 10,400 b/d as expected, the company said Feb. 22. The 7-ATL-4HB-RJS well was restarted after swapping out...
Exploration

Guyana pushing big volumes in South America deepwater bonanza

OilNOW -
South America continues to be a major player in the global arena for deepwater discoveries, with Guyana pushing big volumes and massive potential finds remaining. According to Norway based Rystad Energy, the South America/Caribbean region was the clear winner...
News

Capacity development funding by oil companies not a cost to Guyana but an investment in the people – Gov’t

OilNOW -
Having recognised that Guyana is now building the human resource capacity to service the oil and gas industry; the government has laid out the expectation that oil and gas companies will place capacity building of Guyanese on the front...
News

Exxon says it is in full compliance with Liza Phase 1 environmental permit

OilNOW -
ExxonMobil Guyana said on Wednesday it remains in full compliance with the environmental permit that was issued by the Environmental Protection Agency for oil production operations at the Liza Phase 1 Development offshore the South American country. On Wednesday, former...
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Latest News

NewsShikema Dey -

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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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