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Opinions

Features for Guyana’s crude oil sale delivery point

Bobby Gossai, Jr. -
The Government of Guyana Agreement may identify the Delivery Point or Points, putting the actual location of the Delivery Point beyond discussion. However, the investing parties should also agree to the procedures for measurement and calibration of measurement equipment...
News

Maka, Sapakara could be developed with 150,000 b/d FPSO

OilNOW -
The Maka Central-1 and Sapakara West-1 discoveries, the first of their kind offshore Suriname, are likely to be developed in coming years utilizing a high capacity floating oil production complex. The two discoveries are located approximately 20 kilometers (12...
Exploration

Exploration acreage totalling almost 4 times the size of Stabroek Block up for grabs

OilNOW -
Oil and gas companies currently have assets for sale around the world with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.  While some...
News

Canje could be next block to deliver big oil pay in Guyana deepwater

OilNOW -
The prolific Stabroek Block offshore Guyana has been described as the ‘block that keeps giving’ with 16 discoveries to date delivering more than 8 billion barrels of oil equivalent resources. Now, all eyes are on the adjacent Canje Block...
News

How did the ingenious use of bamboo poles help drill the first oil wells?

OilNOW -
The earliest known oil wells were drilled in China in 347 CE. These wells had depths of up to about 240 metres (790 ft) and were drilled using bits attached to bamboo poles. The oil was burned to evaporate brine and produce salt. By the 10th century, extensive bamboo pipelines connected oil...
Exploration

Why is Exxon finding oil faster in Guyana than companies anywhere else in the world?

OilNOW -
Several high impact discoveries which have been made offshore Guyana by US oil major ExxonMobil are a direct result of the company’s research and development of new technologies which have provided geoscientists with unparalleled insights into subsurface geologic structures...
News

2019 was ‘most successful year’ for discoveries; Guyana added big volumes – IEA

OilNOW -
Oil and gas exploration spending has been on a consistent downward trend in recent years, with only a slight bump in 2019. With investment budgets under renewed pressure this year, the share of exploration spending in total investment may...
News

‘Advantaged deepwater oil’ in places like Guyana will progress – WoodMac

OilNOW -
The oil price crash has hit the upstream sector hard with deep cuts being made across the board and will have a dramatic impact on the industry’s project pipeline with almost all pre-Final Investment Decision projects being deferred says...
News

Venezuela’s military to escort Iranian tankers bringing petrol

OilNOW -
The Venezuelan military will escort Iranian tankers delivering much-needed petrol to the country to prevent any attempt by the US to stop them, BBC said in a report on Thursday. Five vessels are on the high seas and are due...
News

Total lands $15 billion financing commitment for Mozambique project

OilNOW -
(Bloomberg) - A Total SA-led liquefied natural gas project in Mozambique will receive commitments for about $15 billion of financing at a signing scheduled in June, according to people familiar with the matter. The first and most significant phase of...
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Latest News

NewsOilNOW -

Staatsolie seals offshore deals with PETRONAS, Chevron for Suriname’s Blocks 9 and 10

Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P...

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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