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Jean Paul Prates and Wael Sawan - the Chief Executive Officers (CEO) of Petrobras and Shell respectively inked a five-year deal that will see both oil companies joining forces to identify potential upstream opportunities.  The deal - signed on the...

Hess Corporation’s Chief Executive Officer (CEO), John Hess has assured shareholders that the Guyana government will not be swayed by calls for a change of terms in the Stabroek Block Production Sharing Agreement (PSA). During a recent energy conference, Hess...

Hess Corporation, a 30% stakeholder in Guyana's Stabroek Block, has assured the market that the co-venturers stand ready to comply with the relinquishment provisions in the 2016 Production Sharing Agreement (PSA). The company also told shareholders that the 20%...

Development drilling at ExxonMobil Guyana’s Payara field continues in preparation of the Prosperity floating production, storage and offloading (FPSO) vessel’s arrival from Singapore. MarineTraffic estimates the vessel will arrive in mid-April. According to Guyana’s Maritime Administration (MARAD), the development activities...

A recent report for one of ExxonMobil’s proposed well-campaigns for the Stabroek Block has placed the spotlight on the key reason behind the nation’s dwindling fish stock. Though there are concerns that the oil industry is a contributing factor,...

By Dr. Meredith Arnold McIntyre - OilNOW Guyana’s medium-term prospects are highly favourable and driven by fast expanding oil production. To date, international oil producers have discovered 11 billion barrels of commercially recoverable oil and gas that promise to transform...

As its maiden licensing round gets underway, Guyana’s Vice President, Dr. Bharrat Jagdeo said the country could launch another as soon as next year to keep the momentum of its oil and gas development.  Dr. Jagdeo told Bloomberg on March...

Chariot Limited said it has completed front end engineering and design (FEED) of the key components of its flagship Anchois gas development offshore Morocco, after initiation in June 2022.  In conjunction with the subsurface development studies, this FEED work confirms...

By Dr. Lorraine Sobers - OilNOW John Hess, CEO of Hess Corporation, speaking at the recently concluded International Energy Conference and Expo Guyana, explained to the audience that “Carbon credits provide financial incentives to preserve forests and biodiversity that are...

Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners, which pegged March 6 as the resumption date for drilling operations at Wei-1 by CGX Energy.  After successfully drilling the first prospective geologic horizons in the Upper Maastrichtian, CGX put...