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Oil will be produced from 8 wells in Liza Phase 1 development

OilNOW -
The Liza Phase 1 development project will see a total of 17 wells being drilled, eight of which will produce oil, while six will be used for water injection and three for gas injection. Gas and water are reinjected to...
News

Texas refineries begin restart after hit from storm Harvey

OilNOW -
(Reuters) - U.S. Gulf Coast refineries and fuel distribution terminals started to reopen on Saturday, a week after Tropical Storm Harvey knocked out nearly 25 percent of the nation’s refining capacity and sent gasoline prices spiking. While much of the...
Exploration

“We’re gonna keep looking for more oil” – Exxon Operations Manager

OilNOW -
Encouraged by positive results from several drill campaigns offshore Guyana which saw the largest discovery being made for 2015, ExxonMobil has vowed to continue its search for more oil in the South American country. The Liza 1 discovery, estimated to...
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How did oil come to run our world?

OilNOW -
The first recorded uses of oil: 3,000 BC We are not the first people in history to exploit oil as a resource. Some of the earliest civilisations relied heavily on oil. Crude oil that had bubbled to the surface was used...
Uncategorized

Canadian consultant applauds Gossai for work at GOGA

OilNOW -
Canadian consultant Rob Strong of Newfoundland Canada has expressed his appreciation for the work that Bobby Gossai Jr. has done for the Guyana Oil and Gas Association (GOGA). Gossai, GOGA’s former Chief Executive Officer, recently announced his decision to...
News

2D imaging shows potential 1.8 billion barrels of oil at Orinduik Block

OilNOW -
Eco (Atlantic) Oil & Gas had announced in June that the company along with its partner, Tullow Oil, was pursuing “significant reservoir leads” on the Orinduik Block offshore Guyana. OilNOW has since been able to confirm that these leads...
News

Eco nears completion of survey on Orinduik Block

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. says it is wrapping up a 2,550 km2 3D seismic survey on the 1,800km2 Orinduik Block offshore Guyana, together with its Operating Partner, Tullow Oil plc. The oil junior had announced the commencement of the survey...
Featured

Guyana-Suriname Basin ranked 2nd most prospective in the world for oil

OilNOW -
An estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas could lie in the Guyana-Suriname Basin, making it the 2nd most prospective, underexplored offshore oil basins in the world, according to the United States...
News

Mining giant BHP to sell US shale assets

OilNOW -
(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit". Shareholder...
News

Ghana, Equatorial Guinea to sign LNG deal

OilNOW -
ACCRA (Reuters) - Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea due to begin on Monday, his office said. Though an...
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China’s first taste of Guyana’s Golden Arrowhead crude heads to Huizhou

A very large crude carrier (VLCC) is delivering China’s first cargo of Guyana’s new Golden Arrowhead crude grade, marking...

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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