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Hess reports quadrupled third quarter profits

OilNOW -
American energy company, Hess Corporation disclosed on Wednesday that it made a net income of US$515 million, or US$1.67 per common share, in the third quarter of 2022, compared with net income of US$115 million, or US$0.37 per common...
News

Exxon makes two more discoveries offshore Guyana

OilNOW -
ExxonMobil on Wednesday announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and...
News

Six Bourbon vessels to support Stabroek Block operations until end of decade

OilNOW -
Offshore marine services company – Bourbon Guyana Inc. – currently has six vessels supporting oil and gas operations offshore in the Stabroek Block and those vessels will remain until the end of the decade. Managing Director of the Company, Edward...
News

New offloading facility, heavy haul road to be constructed for gas-to-energy project

OilNOW -
A new Materials Offloading Facility (MOF) and heavy haul road are set to be built on the West Bank of Demerara to complement the construction of Guyana’s Natural Gas Liquids (NGL) Facility and Power Plant for the Gas-to-Energy project...
News

City Chamber’s business development forum slated for November

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, said the body’s annual Business Development Forum 2022 is on for November 11-12 at the Pegasus Corporate Centre, Kingston, Georgetown. Known for its lobbying and advocacy on the...
News

Schlumberger rebrands to SLB: a Technology Company Driving the Future of Energy

OilNOW -
Oilfield services company and major ExxonMobil contractor in Guyana, Schlumberger, has rebranded to SLB – a company focused on energy innovation and decarbonisation, to address the world’s energy needs and chart a future for the global energy transition. Beginning October...
Exploration

Exxon conducting more drilling operations at Fangtooth, looking to increase pay

OilNOW -
Drilling operations are set to continue at the Fangtooth reservoir in the Stabroek Block offshore Guyana. Operator of the block, ExxonMobil, is utilizing the Stena Carron rig for this latest operation. OilNOW understands the well site is situated approximately 100.8...
Exploration

Orinduik partners to target exploration well early 2023 – Eco Atlantic

OilNOW -
The partners in the Orinduik Block offshore Guyana are targeting an exploration well in early 2023, according to a report from 15% stakeholder, Eco Atlantic Oil & Gas. This well is expected to be drilled in the second renewal period...
News

Brazil elections: Lula in four-point lead against Bolsonaro ahead of run-off vote

OilNOW -
As Brazil gears for the October 30 runoff vote, leftist Luiz Inácio Lula da Silva currently holds a four-point lead against his opponent, incumbent President Jair Bolsonaro, recent polls show. Lula’s PT party held 49% of voting intentions, while Bolsonaro...
News

Guyana among strategic global assets that helped CNOOC achieve “better-than-expected” half-year results

OilNOW -
Though the international market was hard hit by unforeseen challenges in recent months, CNOOC Limited said it was still able to achieve “better-than-expected” results at half year. It credited this performance to management’s strategic investments in key assets based...
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Latest News

NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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