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Exploration

Projects set to push Guyana’s production over 500,000 bpd by 2024 on schedule

OilNOW -
Preparations for the 220,000 barrels per day (bpd) Liza Phase 2 and Payara developments offshore Guyana are moving ahead on schedule and will soon add to the 120,000 bpd Liza Phase 1 project, effectively pushing Guyana’s output at peak...
Opinions

Oil and Gas Imperatives: Direct Foreign Investment, Local Content Policy and Governmental Transparency

OilNOW -
By Wilberne Persaud - OilNOW Growing up in British Guiana, I marveled at Dutch engineering genius. They created the seawall, amazing below-sea-level coastal water and drainage systems. Georgetown was scenic and serene, at the time considered the Caribbean’s Garden City....
News

Exxon expects ‘continued and steady progress’ in Guyana’s multi-billion-barrel basin

OilNOW -
As the global oil and gas industry continues to recover from the impact of the pandemic, ExxonMobil has reported that its production volumes are rising from 2020 levels, and for the first quarter of this year, output at the...
News

EPA organizing public hearing into appeals over oil and gas waste treatment facility

OilNOW -
The Environmental Protection Agency (EPA) in Guyana says the Environmental Assessment Board (EAB) will be conducting a public hearing on Monday, May 10, at the Soesdyke/Huist’ Coverden Neighbourhood Democratic Council into appeals submitted against the development of an oil and...
News

Suriname official encourages collaboration in oil spill prevention and response

OilNOW -
As oil and gas operations offshore Guyana and Suriname intensify in the Guyana-Suriname Basin, the importance of collaboration between the two countries in preventing and responding to oil spills has been emphasised by Suriname’s Minister of Natural Resources, David...
News

Exxon puts $2.7 billion in earnings on the books for first quarter

OilNOW -
U.S. oil major Exxon Mobil Corporation today announced estimated first quarter 2021 earnings of $2.7 billion, compared to a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, the company...
News

Guyana will be looking to sell oil blocks to highest bidders, country could retain some acreage

OilNOW -
Guyana’s President Dr. Irfaan Ali confirmed this week that an entirely new system for the allocation of oil blocks will soon be used, signaling the government will move away from direct one-on-one negotiations with International Oil Companies (IOC) and...
News

Designs under review for gas-to-shore plant in Guyana

OilNOW -
As the Irfaan Ali administration goes full throttle with the proposed Wales gas-to-shore project in Guyana, plans are now under review to determine what type of power plant will be used. United Kingdom Petroleum Expert, Simon Shaw who now serves...
News

Competitors for oil and gas contracts are shrewd, Guyanese companies must learn to adapt – President Ali urges

OilNOW -
Guyana’s Head of State, Dr. Irfaan Ali disclosed on Wednesday that local content provisions will be put in place to ensure competitive services provided by Guyanese will be given priority by oil companies. During his latest engagement with reporters, President...
Exploration

Multiple wells under drill bit at Stabroek Block as explorers look to identify 5th and 6th developments

OilNOW -
The planned exploration and appraisal drilling campaigns offshore Guyana are now in high gear with forays set to start and others ongoing at multiple wells in the 6.6 million acres Stabroek Block. OilNOW understands that the Stabroek Block exploration programme...
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Latest News

NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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