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Stabroek co-venturer identifies potential 5th and 6th developments

OilNOW -
While the Stabroek Block co-venturers are pleased with the recent appraisal results at Longtail-3, the 20th commercial discovery on the offshore concession, it is highly likely that two other prospects will be next in line for development says Chief...
News

Guyana determined to ensure economy not solely dependent on oil

OilNOW -
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, said on Wednesday that even though oil production will transform Guyana’s economy, petroleum will not be its lone driver. He said the Irfaan Ali...
News

Canje Block explorer JHI puts GY$10 million towards flood relief efforts

OilNOW -
JHI Associates Incorporated, holder of a 17.5% stake in the Canje Block offshore Guyana, donated GY$10 million to the Civil Defence Commission (CDC) in support of its national flood relief efforts on Tuesday. The donation was made through Guyana...
News

Guyana capacity to support offshore operations growing – ExxonMobil

OilNOW -
The giant Liza discovery in 2015 was Guyana’s first step into the world of oil and gas. With very limited industrial activity and virtually no experience in the petroleum industry, capacity in some areas had to be built from...
News

Oil jumps to 2-year high as travel picks up

OilNOW -
(Reuters) Oil rose above $75 a barrel on Wednesday, reaching its highest since late 2018, after an industry report on U.S. crude inventories reinforced views of a tightening market as travel picks up in Europe and North America. The American...
News

Guyana’s huge offshore developments take centre-stage at opening of ‘Gateway’ event

OilNOW -
Guyana’s massive hydrocarbon resources and offshore development plans were the key focal points at the opening of the 4th Annual Aberdeen-Guyana Gateway event on Tuesday, June 22. The 2-day event is bringing together the Aberdeen and Guyana energy communities...
Exploration

Exxon forges ahead with exploration drilling at Pinktail, Cataback

OilNOW -
ExxonMobil is forging ahead with its aggressive exploration and appraisal drilling programme offshore Guyana with new prospects being targeted at the 6.6 million acres Stabroek Block. The Noble Sam Croft drill ship is probing Pinktail-1, located 104 nautical miles (192.6...
News

High-level Suriname delegation visits UK-based EnerMech at Guyana Shore Base

OilNOW -
Chief Executive Officer of Staatsolie Maatschappij Suriname, Mr. Anand Jaggesar and other senior staff, accompanied by Suriname Minister of Foreign Affairs, International Business and International Cooperation Albert R. Ramdin and Minister of Natural Resources David Abiamofo, recently visited EnerMech Guyana Inc....
News

Exxon planning to cut staff by up to 10% at U.S. offices over next 3 to 5 years

OilNOW -
(Bloomberg) -- Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to...
News

Guyana, Suriname will eat up more deep water investments as majors double down

OilNOW -
Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. 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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