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New Chief Financial Officer, Exploration Manager for CGX Energy

OilNOW -
CGX Energy has appointed a new Chief Financial Officer (CFO) and an Exploration Manager (EM) as the company gears up to drill the Wei-1 well in the Corentyne Block, offshore Guyana. According to the company’s announcement on Monday, Mr. George...
Exploration

In 7 years: 2 massive oil production vessels, 6 drill ships, multiple supply boats

OilNOW -
In just seven years Guyana has moved from a frontier area to South America’s hottest new oil province and emerging energy hub, all as a result of an unprecedented series of discoveries made by ExxonMobil off the country’s coast...
News

China issues over 52 million mt of new crude quotas to 35 refineries

OilNOW -
(S&P Global Platts) China's Ministry of Commerce has released 52.56 million mt (385.26 million barrels) of crude import quotas to 35 qualifying independent and non-major state-owned refineries in the second batch for 2022, sources with those plants told S&P...
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Exxon says being ‘essential partner’ to Guyana is its number one priority

OilNOW -
The transformation of Guyana through revenues being generated from massive oil and gas production operations taking place off the country’s coast is underway. ExxonMobil, operator at the largest offshore block, along with co-venturers Hess and CNOOC, says being an...
News

New East African oil pipeline to drive energy security, job creation benefits

OilNOW -
Energy security, job creation, community development and wider socio-economic growth are just some of the benefits set to accrue from the development of the East Africa Crude Pipeline (EACOP) by 2030. The EACOP – also known as the Uganda-Tanzania crude...
News

Guyana seeking Gas-to-Energy project manager

OilNOW -
Guyana’s Ministry of Natural Resources has issued a request for proposals (RFP) for consultancy services related to the historic Gas-to-Energy project. The government needs the consultant to supervise the development of the integrated natural gas liquids (NGL) plant and...
News

Oil reverse losses amid concerns of tight supply

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(Reuters) - Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. Brent crude futures for September rose 55...
News

Israel shoots down drones heading to Energean’s new FPSO

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Three Hezbollah drones that appeared to be heading for Energean’s new FPSO have been shot down by Israeli forces. The FPSO recently arrived in the Mediterranean Sea for operations at the Karish gas field. Just weeks ago, Lebanon warned Israel against...
News

Guyana, Suriname added over 1.2 billion barrels of discovered resources so far this year

OilNOW -
Norway based Rystad Energy says South America looks set to remain a global exploration hot spot for the next two years, driven primarily by activity in Brazil, Guyana, Suriname and Colombia. The region has seen a recovery in activity...
News

Gas project will cut Guyana’s emissions for power generation in half

OilNOW -
Liam Mallon, President of ExxonMobil’s Upstream Company, said Guyana’s landmark Gas-to-Energy project exemplifies ExxonMobil’s commitment to progressing meaningful development in its business, because of the impact it will have on the South American country. “This project will produce half the...
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QatarEnergy deepens presence in Suriname with stakes across six offshore blocks

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing...

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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