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ExxonMobil is on the hunt for multiple suppliers for a host of local services as its oil and gas operations in Guyana’s offshore Stabroek Block rapidly expands. Its Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), plans to put...

Petrobras said it found oil at the pioneer well 1-BRSA-1383A-RJS (Alto de Cabo Frio Central Noroeste) in the pre-salt of the southern part of the Campos Basin. The well is 230 kilometers (km) from the city of Rio de Janeiro-RJ, in...

Controlled by TotalEnergies and APA Corporation, Block 58 has churned out major discoveries – five thus far. Though few, compared to Guyana’s Stabroek Block, the discoveries have piqued investor interest leaving a lingering question – could Block 58 become...

Guyana’s Vice President Dr. Bharrat Jagdeo said on Monday that US$100 million of revenues from the sale of Guyana’s crude will be used to build diagnostic centres for hinterland communities. He discussed the centers during the National Toshaos Conference, a...

By Joel Bhagwandin - OilNOW Revenue The consolidated financial statements for ExxonMobil Guyana, Hess and CNOOC for the period ended December 2021 revealed total revenue of GY$545b up from GY$176b recorded in the previous year or by GY$369b representing an increase...

Aker BP said it found gas at the Storjo well in production license 261 in the Norwegian Sea. Aker gets greenlight to develop Frosk field, off Norway coast | OilNOW The discovery, near the Skarv field, encountered several geological formations. The...

Coined as a “historical moment for Guyana and Saudi Arabia”, the Deputy Minister for Investors Outreach of the Kingdom of Saudi Arabia, Badr Al Badr, says that his home country wants to build a development roadmap for the two...

Guyana’s Senior Finance Minister, Dr. Ashni Singh, told a large delegation from Saudi Arabia on Saturday that government now projects the South American nation’s economy will grow 57.8% in 2022. The government had projected 47.5% growth in Budget 2022, but that was...

Aker BP and its partners have received approval from the Norwegian Ministry of Petroleum and Energy for its development and operation (PDO) plan for the Frosk field in the Norwegian North Sea. Located in the Alvheim area, the Frosk field...

With nearly 11 billion barrels of oil equivalent discovered since 2015, ExxonMobil is looking to further increase these volumes at its largest deepwater license offshore Guyana. The US oil major is targeting a new prospect - Yarrow-1 – located approximately...