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Guyana deepwater off to spectacular 2020 start

The new year began in Guyana with the first oil lift followed by ExxonMobil’s 16th discovery and the addition of more than 2 billion barrels...

Global exploration poised for upswing as operators flock to licensing rounds

The past year showed a significant increase in licensing activity with a large number of lease rounds announced and the number of awarded licensing...

Risky business: 50 O&G companies filed for bankruptcy in first 9...

According to the law firm Haynes and Boone, 50 energy companies filed for bankruptcy in the first nine months of 2019. These include 33...

No new oil blocks to be awarded in Guyana at least...

South America’s newest oil and gas hotspot, Guyana, may not award any new oil blocks for at least another year as the country’s Department...

The surprising winner of the oil & gas exploration race

(Oil Price) Norway saw the highest number of oil and gas discoveries in the third quarter, with six out of the 38 oil and...

Guyana is number 2 in the world for discovered resources to...

Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made...

O&G pushing poultry demand in Guyana

As momentum picks up in Guyana’s emerging oil and gas industry, the demand for various goods and services is steadily rising. One of the...

Small companies often farm-out acreage to raise capital

As interest mounts about the nature of farm-in agreements in South America’s newest oil and gas hotspot – Guyana - OilNOW takes a look...

Why explorers are in the grip of an existential crisis

The energy transition is challenging the raison d'etre of conventional exploration, which has always been the industry's primary engine for growth. So says Andrew Latham,...