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Volunteer Youth Corp gets another GY$20 million from ExxonMobil Guyana for STEM programme

OilNOW -
ExxonMobil Guyana marked the 10th anniversary of its partnership with Volunteer Youth Corps Inc. (VYC) with a GY$20 million contribution to see its Science, Technology, Engineering and Mathematics (STEM) afterschool programme continue in Regions Three and Four. According to Exxon’s local Production Manager,...
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First Tesla imported as Guyana pushes electric car industry

OilNOW -
The first Tesla car has emerged on Guyana’s shores as one Guyanese businessman, Samuel Chandool, looks to propel the electric car industry. The Tesla Model Y arrived in Guyana at a time when the Energy Agency is looking to install...
News

Uaru to carry similar FPSO size as Yellowtail – EIA

OilNOW -
Though still in the planning stages, ExxonMobil Guyana has indicated that its Uaru Project in the Stabroek Block is expected to carry similar development and production characteristics as its massive US$10B Yellowtail venture. According to ExxonMobil Guyana in its Environmental Impact...
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Hess aiming to lift 23 million barrels from Stabroek Block for remainder of 2022

OilNOW -
Stabroek Block co-venturer, Hess, expects to lift some 23 million barrels of oil in the remaining quarters of the year, representing an increase in its initial output for 2022. John Rielly, Hess’ Chief Financial Officer made the disclosure to investors...
News

Hess targeting oil offshore Suriname at potential Stabroek Block play extension

OilNOW -
Much focus is being placed on Guyana’s oil and gas successes since the year began, but Hess Corporation is not taking its eyes off Suriname’s potential. In fact, during the company’s Q1 earnings call on Wednesday, Chief Operating Officer (COO) Greg...
News

Chevron acquires shallow Block 7 offshore Suriname

OilNOW -
Chevron has acquired a 1,867-square-kilometre shallow water acreage, called Block 7, offshore Suriname, the state oil producer, Staatsolie said on Wednesday. With an 80% participating interest, Chevron has obtained exploration, development, and production rights in Block 7. Staatsolie has the...
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Hess’ 2022 first quarter net income soars to US$417M

OilNOW -
Hess Corporation reported on Wednesday morning that it held a net income of US$417 million, or US$1.34 per share, in the first quarter of 2022, compared with net income of US$252 million, or US$0.82 per share, in the first...
News

Exxon hikes capacity at Liza Destiny, schedules Payara for early startup

OilNOW -
In addition to the announcement of three new discoveries on Tuesday, ExxonMobil Guyana bore more good news with its hiking of production capacity at Liza Phase One and scheduled first oil for the Payara project. Liza Phase One The company increased...
News

At current oil price, Yellowtail Project holds GY$19.3 trillion worth of oil

OilNOW -
Ahead of its 2022 first quarter earnings call this morning, Hess Corporation disclosed that the Yellowtail Project is expected to develop a gross resource base of approximately 925 million barrels of oil. At current market price for Brent crude, (US$100...
Discoveries

Exxon is 5 for 5 offshore Guyana with success rate now exceeding 90%

OilNOW -
ExxonMobil has entered the new year with huge success off the coast of Guyana, delivering five discoveries from five attempts at hitting commercial crude in the block that keeps on giving. The company also increased its recoverable resource estimate...
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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...

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