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Jagdeo confirms Exxon’s 250,000-bpd Whiptail project to be approved in Q1 2024

OilNOW -
Guyana Vice President Bharrat Jagdeo has indicated that ExxonMobil's Whiptail project, set to produce 250,000 barrels of oil per day (bpd), is on track for approval in the first quarter of 2024. Responding to inquiries about the approval's Q1...
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Guyana’s third oil-backed budget to be presented this month

OilNOW -
The third budget to be backed by Guyana’s oil revenues is expected to be read in the National Assembly later this month.  This was revealed by the Vice President Bharrat Jagdeo on Jan. 4.  Preparations for the budget started back in...
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Talos starts production at Lime Rock and Venice Gulf of Mexico discoveries

OilNOW -
Talos Energy said it successfully started oil and natural gas production at Talos's Lime Rock and Venice discoveries, in a Jan. 3 release. The discoveries are located near its 100% owned and operated Ram Powell platform in the U.S....
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Suriname’s oil and gas industry: Progress in 2023

OilNOW -
Suriname’s first offshore oil discovery was made in 2020 at the Maka Central-1 well in Block 58. Since then, more than eight discoveries have been made in several blocks. The Suriname basin is estimated to hold over 30 billion...
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ExxonMobil to host forum for Guyanese drilling suppliers with major contractors

OilNOW -
ExxonMobil will host an informational forum for Guyanese businesses interested in supporting local oil and gas drilling activities. The January 11 forum will be held at the Marriott Hotel in Kingston, Georgetown from 1 p.m.  The company said its major partners...
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Not a single foreign investor expressed fear over escalated tensions with Venezuela – Jagdeo

OilNOW -
Guyana’s Vice President, Bharrat Jagdeo conveyed that foreign investors did not convey reservations about recent heightened aggression from Venezuela. The matter had raised international concern when overtures by Venezuela appeared to indicate a plan to annex Guyana’s Essequibo region. During...
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ExxonMobil seeking contractor for aerial imaging of gas pipeline in Guyana

OilNOW -
ExxonMobil Guyana Limited (EMGL) has initiated a request for information (RFI) to procure services for capturing high-resolution aerial video and photographs of an onshore pipeline supporting the Gas-to-Energy (GtE) project.  EMGL said the Gas-to-Energy project aims to facilitate the transfer...
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Chevron to take US$4 billion financial hit related to U.S. upstream assets

OilNOW -
U.S. multinational energy company Chevron has warned of a significant financial hit in the fourth quarter of 2023, with an estimated impairment of up to $4 billion, according to an Upstream Online report. This substantial figure is directly related...
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Guyana publishes EITI report for fiscal year 2021

OilNOW -
Guyana has released its Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2021, providing a detailed insight into the country's extractive industries. Published on December 30, 2023, the report highlights ongoing efforts towards transparency and accountability in...
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Valaris secures multi-year contract with Petrobras for DS-4 drillship

OilNOW -
Offshore drilling company Valaris clinched a multi-year contract for its drillship VALARIS DS-4 with Petrobras.  The contract spans 1,064 days and is slated to commence in the latter part of the fourth quarter of 2024, following the completion of the...
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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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