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Tullow working on identifying upcoming drill targets in Guyana

OilNOW -
Tullow Oil said on Wednesday prospect maturation continues across its exploration portfolio in Guyana. The company is looking to unlock value from substantial prospective resources offshore the South American country. In a trading statement and operational update, Tullow said it completed...
News

United Kingdom should not be bystander in Guyana’s oil boom, says former U.K. Energy Minister

OilNOW -
If British companies and institutions do not give Guyana’s rapidly expanding oil and gas industry the support and massive experience they can contribute, then others will fill that void. This is the view of former U.K. Energy Minster and...
News

The top three challenges of being the most appealing fossil fuel opportunity in the world

OilNOW -
By Arthur Deakin – OilNOW It is no longer a secret that Guyana is one of the most attractive investment opportunities in the world. The country has discovered 9 billion barrels of recoverable oil, and that is likely only half...
News

Suriname had largest farm-out discovery in 2020, emerging plays carrying premium – Westwood

OilNOW -
The deal flow in the farm-out market was at an all-time low in 2020 although the success rates from wells drilled were at a 5-year high. This is according to Westwood Global Energy Group who said in a new...
Opinions

The top three challenges of being the most appealing fossil fuel opportunity in the world

OilNOW -
By Arthur Deakin - OilNOW It is no longer a secret that Guyana is one of the most attractive investment opportunities in the world. The country has discovered 9 billion barrels of recoverable oil, and that is likely only half...
Opinions

An approach to healing Guyana’s socio-political and economic ills [Part 2]

OilNOW -
By Wilberne Persaud – OilNOW Guyana’s 783 thousand population occupies a land mass of 83,000 sq ml, compared to Singapore’s 279.6 sq ml with 5.7 million population and England’s 50,301 sq ml with population 56.3 million. Respectively, 2019 GDP numbers...
Opinions

Letter-to-the-Editor: No matter the price of oil, Guyana will receive a lot of revenue

OilNOW -
There is a Letter to the Editor published in Sunday’s Stabroek News under the headline, “Guyana is losing US$35B by failing to negotiate a fair royalty”. While I can sympathize with the sentiment behind the letter, I believe that...
News

Pandemic brings new oil reality; some governments will offer better terms – Wood Mackenzie

OilNOW -
Governments, particularly those in economies dependent on the oil industry are looking to do their part by ensuring exploration and production activities remain economically feasible in an era where fiscal stress continues to be high, brought on by the...
News

As OPEC looks to curb production Guyana’s output on course to swell in coming years

OilNOW -
By the time oil production in Guyana hits 340,000 barrels per day at the end of 2022, the Organization of the Petroleum Exporting Countries (OPEC) will be reassessing member states’ output after a new accord to cut production by...
News

Guyana must develop its multi-billion-barrel oil resources in narrow 20-year window

OilNOW -
New oil producer Guyana, with just one field under development so far and two additional projects approved, may have around 20 years remaining to bring to market the several billion barrels of oil equivalent resources found offshore to date....
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SLB acquires ChampionX as it strengthens production and recovery capabilities

SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its...

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