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Exploration

Tullow’s final drill target at Orinduik crucial to campaign

OilNOW -
(Petroleum Economist) The final drilling target of the year for Anglo-Irish independent Tullow has become more pivotal following the company’s revelation that crude from its offshore Guyana discoveries is heavier and more sulphurous than expected. Tullow’s share price had been...
News

‘It’s not just about monies earned but knowledge transferred, technology shared’ – Dr. Bynoe

OilNOW -
While the South American country of Guyana is set to earn billions of US dollars from development of its oil resources in the coming years, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe says the full...
Opinions

Spending limits, stabalisation and endowment funds for Guyana’s petroleum revenues

Bobby Gossai, Jr. -
An oil account can serve a number of purposes. It could be a mechanism for monitoring oil financial flows, a stabilisation fund to take account of fluctuating oil prices, or a savings device to establish a permanent fund to...
News

Hundreds flock to oil and gas job fair in Guyana as industry preps for take off

OilNOW -
Hundreds of Guyanese flocked to a job fair on Thursday organized by El Dorado Offshore (EDO), one of the companies in the South American country providing human resource services to the emerging oil and gas industry. The event, the second...
News

Guyana oil development bringing new discoveries of wildlife

OilNOW -
Exploration activities offshore South America’s lone English-speaking country – Guyana - have so far unearthed billions of barrels of crude. The environmental studies being conducted for the development of these oil fields are also discovering something else - new...

GIPEX 2019

OilNOW -
THE GATEWAY TO A GOLDEN FUTURE GIPEX 2019 will provide immense opportunities for companies across North and South America, Europe, Africa and Asia. Many well-established companies from the oil & gas sector have already shown their interest and made their...
News

Guyana could avert Dutch Disease with sound economic plan

OilNOW -
Warning bells have been ringing in the South American country of Guyana ever since ExxonMobil made its first world class discovery at the Liza field back in 2015. With every discovery since then – 14 to date by Exxon...
News

Bourbon supply vessel en route to Guyana sinks; 3 crew members rescued

OilNOW -
Following search operations of tug supply vessel Bourbon Rhode which started on September 26, the mobilized rescue teams have recovered a lifeboat with 3 crew members on board, the lifeboat having been identified by a Falcon 50 especially equipped...
News

Business leader wants equal pay for equal work in Guyana’s emerging O&G sector

OilNOW -
A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...
Opinions

Policy considerations for the licencing arrangements of Guyana offshore blocks

Bobby Gossai, Jr. -
To maximize the potential national benefits appropriate licensing, taxation, depletion and pricing policies are required. Given the high degree of geological uncertainty in the early years, some use of the discretionary licensing system to award acreage was appropriate, but...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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