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Exxon gearing up to spud third well at Canje block

OilNOW -
ExxonMobil is preparing to conduct exploration drilling activities later this month at the Sapote-1 prospect on the Canje block offshore Guyana. The well site is situated approximately 126 nautical miles (233.4 kilometres) from the coast and covers an area...
News

Siem Dorado continuing fibre optic cable installation activities offshore Guyana

OilNOW -
Multi-purpose service vessel Siem Dorado is continuing its operations offshore Guyana on a 55-day firm contract with ExxonMobil for fibre optic cable installation, support and hook-up services. The U.S. oil major is implementing a secure, high-speed fibre-optic/wireless transport service to efficiently manage...
Opinions

Guyana’s role in the emerging green energy transition

OilNOW -
By Arthur Deakin – OilNOW In a recent offshore oil & gas conference in Houston, Guyana's foreign minister said that the country’s economy is expected to grow 500% by 2030. Guyana’s current US$6.8 billion real GDP would ignite to nearly...
News

Guyana extends deadline for companies looking to play role in establishment of natural gas facilities

OilNOW -
Guyana’s Ministry of Natural Resources on Wednesday published a notice of extension to the deadline for submissions of expressions of interest to partner on the imminent US$900 million gas-to-energy project. While the previous notice had set a deadline of August 29,...
News

Hess, Chevron mandating vaccination for U.S. employees, other companies monitoring situation

OilNOW -
(FOX Business) The U.S. energy industry is weighing in on COVID-19 vaccine mandates for employees as infections are on the rise following the spread of the delta variant. Hess Corporation says its U.S. operations employees working in the Gulf of...
News

Gas-to-energy project is ‘absolutely a step in the right direction’ – Rystad Energy VP

OilNOW -
Guyana’s development has been curtailed for decades, in part due to the exorbitant cost of electricity which is among the highest in the region. Now, the new oil producing country is looking to utilize associated natural gas being produced...
News

Regulators, oil companies must look at cutting edge technology to lower emissions – Guyana VP

OilNOW -
Maximum fiscal discipline and transparency will be required to ensure Guyana’s vast oil and gas resources are managed judiciously, the country’s Vice President, Dr. Bharrat Jagdeo has said. Authorities in the South American country are firm in their plan...
News

PEMEX production could take a hit following platform fire, says Fitch

OilNOW -
PEMEX's reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company's production growth rates, as this field is the company's largest production complex, according to Fitch Ratings. Fitch's current rating case assumes that the company's production levels will...
Exploration

Brazil planning to expand Open Acreage program – could unlock smaller oil deposits

OilNOW -
(S&P Global Platts) Brazil plans to expand the country's Open Acreage program to include exploration and production blocks inside the subsalt polygon that requires production sharing contracts in a move that could unlock development of smaller oil and natural...
Exploration

Stabroek Block – multiple prospects and play types

OilNOW -
The Stabroek Block, located approximately 120 miles offshore Guyana, covers an area of 6.6 million acres (26,800 square kilometers). The block is equivalent in size to 1,150 Gulf of Mexico blocks and contains multiple prospects and play types representing additional...
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Latest News

Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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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