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Tullow Oil abandons Namibia well

OilNOW -
Reuters) - Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, the company said on Monday. “The Cormorant-1 exploration well in the PEL-37 licence, offshore...
News

‘Make cost recovery audit public; amend Procurement Commission Act’ – Persaud

OilNOW -
On the heels of nine major discoveries offshore Guyana by ExxonMobil and its partners HESS and CNOOC Nexen and with the recent announcement of a major resource estimation by Eco-Atlantic, former Minister of Natural Resources and the Environment Robert...
Opinions

Letter: Pressing questions for PM Rowley ahead of MoU signing

OilNOW -
Dear Honourable Prime Minister, Welcome to Guyana! I note your newly-birthed excitement to visit Guyana and to partake in our oil and gas ‘prosperity.’ As someone, who still believes in the potential of the CARICOM project, it is always comforting when...
News

Call for halt to oil production is ‘self-promoting stunt in pursuit of ulterior motive’ – former minister

OilNOW -
Debate on a myriad of issues continues in Guyana as the country gears up to become a major oil producer in the region. A former government official is describing as ‘disturbing’, a recent call for the Guyana government to...
News

Total farms into Guyana’s Orinduik block; Tullow to remain operator

OilNOW -
French super-major Total has exercised its option to purchase a 25% working interest in the Orinduik block offshore Guyana for USD 12.5 million. This comes on the heels of partner Eco Atlantic Oil & Gas’ announcement that the block has...
News

Saipem America provides internship for Guyanese students

OilNOW -
Liza SURF contractor Saipem has collaborated with the University of Guyana and the Government Technical Institute to facilitate an internship programme for four Guyanese students in the United States of America. They will conduct their internship from September to...
News

Majors ramping up oil hunt in Guyana-Suriname ‘mirror basin’

OilNOW -
As offshore exploration activities ramp up across the Guyana-Suriname basin, oil majors are also turning their attention to the opposite side of the Atlantic in a rush to tap into vast reserves. Bloomberg reports that the world’s biggest companies from Exxon...
News

GOGA, Marak set to stage 1st local content conference in Guyana

OilNOW -
Following the massive oil discoveries offshore Guyana, the Guyana Oil and Gas Association (GOGA) says the country has an opportunity to achieve a new path of sustainable economic growth and development; through applicable Local Content Policies and Strategies that...
News

Tullow Oil plans to drill first Guyana well in third quarter of 2019

OilNOW -
(Reuters) - Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik license bordering discoveries by Exxon, a spokesman said on Wednesday. Exxon and U.S. partner...
News

World-class Liza field accounts for 15% of all crude found globally since 2015

OilNOW -
UK-based industry analyst Wood Mackenzie says Guyana has been one of the most dominant players in the oil and gas industry since 2015 with a record number of discoveries being made, most notable of which are those in the...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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