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Exxon on track to execute US$30B share repurchase programme through 2023

OilNOW -
In light of skyrocketing profits made in the first half of the year, and positive growth projections, ExxonMobil Corporation said it remains on track to repurchase up to US$30 billion of shares through 2023. Already, the company said its...
News

Gas will cut Guyana’s emissions by more than half as demand for power set to triple – Hess

OilNOW -
Hess Vice President for Guyana and Suriname, Timothy Chisholm, said the Gas-to-Energy project would not only power industry and economic growth in Guyana but would help provide a reliable and cleaner source of energy to help meet rapidly growing...
Exploration

Eco says Canje Block remains “highly prospective” ahead of 12-well campaign

OilNOW -
Eco-Atlantic has set its sights on raking in big wins from Guyana’s offshore Canje Block, as the operator ExxonMobil gears up for a 12-well exploration campaign. The company has no direct stake in the Canje Block but holds 7.3% of...
Exploration

Exxon to spend more than US$100 billion through 2027 to meet world’s energy needs

OilNOW -
ExxonMobil expects to invest over US$20 billion annually to help meet the world’s growing energy needs through 2027. That's more than US$100 billion in the next five years. This will amount somewhere between US$21 billion and US$24 billion this...
News

Eni, bp form new Angola-focused JV company, Azule Energy

OilNOW -
An equally split deal between bp and Eni has led to the creation of Azule Energy – now coined the largest independent equity producer of oil and gas in Angola. Azule Energy has been in the pipeline for months; bp...
Exploration

100M-barrel Jethro well could be Guyana’s first oil production project outside Stabroek Block

OilNOW -
The fallout from Russia's invasion of Ukraine has resulted in a spike in oil prices. Now, the Orinduik Block partners - Eco Atlantic, Tullow Oil, TotalEnergies and Qatar Energy - plan to revisit the commercialisation potential of the Jethro...
News

Stabroek Block agreement equitable for both government, investors – Exxon

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, says that the Stabroek Block Production Sharing Agreement (PSA) is one that is equitable to both Guyana and the consortium of investors. Routledge pointed this out in a recently published article by a...
News

Gas-to-Energy: Exxon hires TechnipFMC to install risers, pipelines

OilNOW -
TechnipFMC said Monday it was awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas-to-Energy Project in Guyana. The company said ‘significant’ refers to agreements valued between US$75 million and US$200 million. The funds...
News

Guyana will be among the top five elite global offshore producers by 2035 – Rystad Energy

OilNOW -
With ExxonMobil and partners fast-tracking exploration and development projects in Guyana, the country is set to rank in the top five-list of elite global producers by 2035. This is according to Rystad Energy, an independent energy research and business...
News

With competition rising, oil nations sweetening the pot to attract investors

OilNOW -
In South America and the wider Caribbean region, Guyana is dominating the oil and gas market since emerging in 2015. And now, faced with heavy competition to pull major investors, other oil-producing nations are introducing new regulatory frameworks to...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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