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Guyana is ‘Gateway to Opportunities’ at biggest oil and gas conference in the world

OilNOW -
The Guyana government said on Monday that it is the highlight of the Offshore Technology Conference once again, after opening its booth at the NRG Park, in Houston, Texas on Monday. “With the facilitating efforts of the Guyana Office for...
News

3-D Seismic operations continue offshore Guyana

OilNOW -
Multinational geoscience technology services company CGG Services (US) Inc. is continuing 3-D seismic operations off the Guyana coast beyond its Eastern Offshore Maritime boundary, with occasional ingress into the Corentyne Block which sits in the country’s Exclusive Economic Zone. The...
News

Stabroek Block production growth ramp is best in the industry

OilNOW -
A recent report by Wood Mackenzie has yet again reinforced Hess Corporation’s longstanding position that it sits on the ‘holy grail’ of the industry’s best oil provinces. During its company's first-quarter earnings call for 2022, Chief Executive Officer (CEO), John...
News

High-level Guyana contingent opens booth at Offshore Technology Conference 2022

OilNOW -
The iconic Offshore Technology Conference 2022 opened today with participation from a high-level Guyana group, consisting of government and private sector representatives. The Guyana booth is aptly titled ‘The Gateway to Opportunities’. OTC 2022 is scheduled to run for four...
News

Launch of Liza Phase 2 pushes China’s oil giant production up by more than 28%

OilNOW -
China's offshore oil giant CNOOC offshore assets in South America, led by the Stabroek Block in Guyana and Brazilian Libra and Buzlos Surplus projects, have been identified as important sources of future reserve and production growth for the company, according...
News

Constructive relationship between Guyana and IOCs pushing rapid development of oil resources

OilNOW -
The Guyana government’s early approval in April of the US$10 billion Yellowtail Project is a testimony of the “constructive relationship” it has with the International Oil Companies (IOCs) operating at the Stabroek Block, says Hess Corporation’s Chief Executive Officer,...
News

Maersk Drilling awarded additional three-well contract with Aker BP

OilNOW -
Maersk Drilling has secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore...
Exploration

Exxon eyes bigger production facilities, extending current projects – Darren Woods

OilNOW -
Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far. More exploration activities are on the...
News

Amidst global disruptions, Guyana is proverbial rose in economic garden – private sector chair

OilNOW -
Guyana has suffered from brain drain for a very long time. The bulk of these migrants have gone on to live in the United States and Canada primarily, for better opportunities. But with the discovery of oil and gas resources,...
Exploration

Equinor to go after Namibia-like exploration success offshore Argentina

OilNOW -
Equinor, the Norwegian state-owned multinational energy company, operates a Block offshore Argentina called CAN-100, which the country hopes later this year will yield a discovery as successful as Namibia’s. Rystad Energy's Senior Vice President and Head of Latin America, Schreiner...
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Latest News

NewsShikema Dey -

ONE GUYANA FPSO equipped to ensure uninterrupted gas handling offshore – GoG

The Government of Guyana has confirmed that the ONE GUYANA floating production storage and offloading (FPSO) vessel is 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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