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News

Eco Atlantic says it remains fully funded for Guyana offshore as operations slow down

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said on Wednesday in light of the COVID-19 pandemic, the company continues to take all of the recommended measures to protect the welfare of its personnel. “Ensuring the safety of employees remains a major priority...
News

Suriname aiming to become offshore oil producer in 5 to 6 years

OilNOW -
Suriname’s first major offshore oil discovery at the Maka Central-1 field in Block 58 could move to production in 5 to 6 years and expectations are high that multiple projects could come on stream within the same period. Reports indicate...
News

Largest oil and gas trade show in the world postponed

OilNOW -
Organizers of the Offshore Technology Conference announced that the event has been postponed to the third quarter of 2020. The group is working to confirm new dates for the event in August or September. Event organizers said in a statement...
Exploration

Exploration plans cover 31 wells offshore Guyana – region in need of jackups

OilNOW -
South America is home to several regions of offshore expansion, with few basins currently displaying more growth potential than the Guyana Suriname Basin. Exploration in this area continues to impress and the list of oil and gas participants is...
Opinions

Market arrangements for Guyana’s gas supply framework

Bobby Gossai, Jr. -
In a market-oriented framework, it is partly up to customers themselves to determine what degree of security they want – for example, they can install back-up systems, they can physically contract for gas and/or become actual or virtual storage...
Exploration

Apache second well offshore Suriname looking favourable

OilNOW -
Following a significant discovery at the Maka Central-1 well at Block 58 offshore Suriname, Apache Corp. is now gunning for oil at a second prospect on the block which reports indicate look promising. John J. Christmann IV, CEO and President...
News

Hungry for gas; Brazil needs LNG imports to meet demand – Rystad Energy

OilNOW -
Brazil’s natural gas demand is set to climb to a record in 2020‒2021 at 39 billion cubic meters (bcm) per year, giving the country one of its biggest demand-supply deficits in history, Rysatd Energy said in a new report...
Exploration

More disappointment for Tullow with dry hole offshore Peru

OilNOW -
Tullow Oil plc (Tullow) announced on Monday that the Marina-1 exploration well drilled on the Z-38 licence offshore Peru reached Total Depth and has not encountered significant hydrocarbons. The well tested the La Cruz and Mal Pelo formations where minor...
Opinions

Factors to consider for a gas generation strategy for Guyana

Bobby Gossai, Jr. -
Natural gas generating capacity will form an integral part of Guyana’s future energy generation mix and it will be a reliable and flexible source of electricity. Using gas as a fuel in the power stations will provide a significant...
News

Tullow gets approval from Ghana to flare gas

OilNOW -
(Bloomberg) -- Tullow Oil Plc said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields. The permission will assist heavily indebted Tullow to support production at operations that failed to meet their initial...
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Latest News

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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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