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The oil belongs to the people; we’re committed to ensuring they benefit from it – Routledge

OilNOW -
ExxonMobil is the latest in over 20 oil and gas companies operating in Guyana to have their five-year Local Content master plans approved by the regulator. Exxon, Saipem Guyana Inc., and Gulf Engineering Services Guyana Limited got their approvals this...
News

Uaru project likely to exceed US$10 billion

OilNOW -
ExxonMobil’s fifth and largest development project in Guyana to date is likely to cost more than US$10 billion due to inflationary pressures. Providing insight on the expected cost for the Uaru development on Wednesday, was Hess Corporation, a 30% stakeholder in the Stabroek Block. During its...
News

Aker Carbon Capture’s facility for offshore oil and gas fields gets key certification

OilNOW -
Aker Carbon Capture said that the Just Catch Offshore™, a modularised carbon capture facility for offshore installations, was recently qualified by DNV. DNV is a global assurance provider and classification society for vessels and mobile offshore units. With its leave, Aker...
Exploration

With nine Guyana discoveries so far, 2022 marks best exploration year for Stabroek co-venturers

Shikema Dey -
With two new discoveries announced on Wednesday, 2022 is being referred to as the best exploration year in Guyana for the ExxonMobil-led co-venturers. Exxon has a 45% stake in the 6.6 million acres Stabroek Block, with Hess Corporation holding 30% and...
News

Builder of Guyana oil production vessels meets with local suppliers on catering needs

OilNOW -
SBM Offshore recently met with several local catering companies on its procurement process, current contract opportunities and related requirements. According to a post on its Facebook page, the company said this session, at the invitation of the Local Content Secretariat, followed the...
News

Shell joins Qatar’s North Field South project

OilNOW -
QatarEnergy announced Sunday that it has selected Shell as its second international partner in the North Field South (NFS) expansion project. The project comprises two liquefied natural gas (LNG) mega trains that will have a combined capacity of 16...
Opinions

Investing in Guyana’s Manufacturing Sector

OilNOW -
By Dr. Lorraine Sobers - OilNOW Guyana is facing an exciting future as it makes its mark in the energy sector with oil production soon to exceed one million barrels per day and plans underway to bring natural gas to...
News

Ramps’ challenges in Guyana not linked to private sector; umbrella body condemns “dark forces” comment

OilNOW -
As the Ramps Logistics' Local Content spat continues, Guyana's private sector body has come out to condemn recent statements by its Chief Executive Officer (CEO) Shaun Rampersad. He had made the suggestion that dark forces from Guyana's private sector "want...
News

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...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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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