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Exploration

2019 high impact exploration starts with a bang: Guyana leads with 2

OilNOW -
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018, says Westwood Global Energy Group. One of...
News

Guyana moving ahead with new model PSA

OilNOW -
A review of Guyana’s 1986 Petroleum (Exploration and Production) Act is underway as the country moves to modify and modernize the document which is the basis for a number of Petroleum Agreements it has signed with oil companies exploring offshore. This is according...
Opinions

Commercial choices and developmental linkages for Guyana’s promising oil economy

Bobby Gossai, Jr. -
Government preferences should take into account wider factors than those considered by private investors. This is because governments are concerned with the linkages between petroleum production and the rest of the economy. Also, governments are or should be responsible...
News

Shell leads cash race but Exxon catching up

OilNOW -
(Reuters) - Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production. The...
News

GIPEX postponed: organizers eyeing Q3 2019

OilNOW -
The Guyana International Petroleum Exhibition (GIPEX), originally scheduled to be held in March 2019, has been postponed to the 3rd quarter of the year. The inaugural event, held from February 7 to 9, 2018, at the Guyana Marriott Hotel, was...
Exploration

ExxonMobil gunning for more oil at Yellowtail as Guyana foray continues

OilNOW -
Twelve discoveries and more than 5 billion barrels of oil later, US oil major ExxonMobil’s story in Guyana is still being written and analysts believe that more oil lay in the chapters ahead. Fresh off of its 11th and 12th...
News

TechnipFMC awarded large EPCI contract for Petrobras Mero 1 pre-salt field in Brazil

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) said on Wednesday it has been awarded a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore...
Exploration

WoodMac expects ‘billion-barrel scale volumes’ from Guyana, Mexico and Brazil

OilNOW -
After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this...
News

Anadarko, CNOOC strike Mozambique LNG Deal

OilNOW -
Anadarko Petroleum Corporation said on Friday that it has signed a long term agreement with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply liquefied natural gas (LNG) from Mozambique. According to an article...
Exploration

Guyana investment pushes ExxonMobil at top of the pack for 2018 O&G explorers – Rystad Energy

OilNOW -
Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil was exceptional, both in terms of discovered volumes and value...
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Latest News

NewsOilNOW -

Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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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