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Norway marine company to conduct 4D survey for Exxon offshore Guyana

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Norway-based integrated marine geophysical company PGS has been awarded a significant 4D acquisition contract by ExxonMobil for work offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015. A Titan class vessel is scheduled to...
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Guyana discoveries ‘like pearls on a string’, success now stretches to Suriname – Global Consultant

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The unprecedented series of oil strikes in the deepwater offshore Guyana are being described by a global consultancy firm as ‘pearls on a string’ that is now stretching all the way to its next-door neighbour Suriname where the government...
News

Eco Atlantic acquires stake in JHI ahead of Jabillo well results

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Eco (Atlantic) Oil & Gas Ltd. announced on Monday that it has closed a transaction with JHI Associates Inc. (JHI), a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10%...
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12-inch pipeline will have capacity to deliver up to 130 million cubic feet of gas per day

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Authorities in Guyana are looking to ensure the infrastructure that is being built in partnership with ExxonMobil to deliver gas from the offshore Liza field can facilitate increased power generation as economic activity picks up and industry expands. The Gas-to-Energy...
News

Gas-to-Energy project to create over 700 jobs

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The gas-to-energy project, a partnership between the Guyana government and ExxonMobil Guyana, is estimated to create about 775 jobs. About 700 of these aggregate to the construction phase, while the remaining 75 are for the other aspects of the...
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Guyana and Ghana Presidents discuss oil & gas, other issues

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President of Guyana, Dr. Mohamed Irfaan Ali recently held talks via telephone with the President of Ghana, Nana Addo Dankwa Akufo-Addo which saw both committing to advancing and deepening the agenda for cooperation between the two countries, including in...
Exploration

All eyes on upcoming OPEC+ meeting as Brent hovers above $76

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Close attention is being paid to the upcoming July 1 OPEC+ meeting at which the alliance is expected to pronounce on its production plan for August and likely beyond. Crude production is currently being held at 6.2 million bpd...
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Exxon plans to submit Yellowtail FDP by October, already has line of sight on projects 6 & 7

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ExxonMobil is aiming to submit the Field Development Plan (FDP) for its giant Yellowtail Development to authorities in Guyana by October of this year and will make a final investment decision on the 250,000 barrels per day project by...
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U.S, Guyana Working Group on energy and investments still under active consideration – Foreign Affairs Minister

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Guyana’s Foreign Affairs Minister Mr. Hugh Todd and the former United States Secretary of State, Mr. Michael Pompeo had in September 2020 signed a Memorandum of Understanding (MoU) to establish a Working Group on energy and investment between the...
Exploration

Guyana is lynchpin in southern Caribbean’s changing geopolitical landscape – Scott B. MacDonald

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By Scott B. MacDonald - OilNOW In June 2021, Guyana was the host for Operation Tradewinds, a multinational military exercise, involving military forces from the U.S., the Bahamas, Brazil, Canada, the Dominican Republic, France, Jamaica, the Netherlands, Trinidad and Tobago,...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. 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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