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Stena DrillMAX, Noble Sam Croft will add to Exxon’s Guyana fleet in major ramp up this year

OilNOW -
Chief Operating Officer (COO) of Hess Corporation, Greg Hill, confirmed during his company’s 2020 fourth-quarter earnings call on Wednesday that ExxonMobil, operator at the Stabroek Block, will be adding the Stena DrillMAX and Noble Sam Croft to its fleet,...
News

Liza Unity FPSO could begin journey to Guyana as early as mid-year – Hess

OilNOW -
While the Liza Phase 2 development remains on track for first oil in early 2022, the overall project, including the floating production storage and offloading (FPSO) vessel and the drilling and subsea infrastructure are approximately 85% complete. At this...
News

Hess reports US$97M loss for Q4 2020

OilNOW -
Hess Corporation, a 30% co-venturer on Guyana’s Stabroek Block, announced on Wednesday that it suffered a net loss of US$97 million, or $0.32 per common share, in the fourth quarter of 2020, compared with a net loss of US$222...
News

Condemnation of Maduro’s aggression towards Guyana mounts

OilNOW -
The United States and the Organisation of American States (OAS) on Wednesday added their voices to the mounting regional and international condemnation being directed to the Maduro regime over the illegal detention of Guyanese fishing vessels and their crew...
News

IMF oil price forecast could see Guyana earning around $50 million per lift this year

OilNOW -
The International Monetary Fund (IMF) said in an updated forecast that oil prices are expected to average just above $50/b in 2021, a more than 21% rise from 2020's depressed level, as the rollout of vaccines and fiscal stimulus...
News

CGX looking to conduct long-overdue Guyana drill campaign, seeking approval from EPA

OilNOW -
CGX Resources Inc. has submitted applications to the Environmental Protection Agency (EPA) in Guyana for Environmental Authorization to drill two exploration wells offshore the South American country. The company has applied for approval to drill one well each at...
Exploration

Thirst for exploration to continue in 2021 with 38 High Impact Wells planned – IHS Markit

OilNOW -
The search for oil in key hotspots across the globe is expected to continue in earnest this year and this will see approximately 38 High Impact Wells (HIWs) being drilled, according to American-British information provider, IHS Markit. Jack Rivers, Director...
News

Undeterred by heavy oil finds Eco says new Guyana campaign to target light crude play

OilNOW -
Undeterred by the results from the Jethro and Joe prospects on the Orinduik block which showed the presence of heavy oil, Eco Atlantic says it remains primed for a new campaign on the block which is expected to focus...
News

Guyana operationalizes National Oil Spill Response Plan

OilNOW -
Guyana’s Civil Defence Commission (CDC) announced on Tuesday that it has operationalized the National Oil Spill Response Plan (NOSRP). In addition, the National Oil Spill Committee (NOCS) to support contingency planning and lead the policy direction of the management...
News

Search for more oil in Suriname underway at Tullow-operated Block 47

OilNOW -
A new drill campaign is set to get underway by Tullow Oil offshore Suriname at the Goliathberg Voltzberg North-1 (GVN-1) prospect at Block 47, targeting over 230 million barrels of oil. According to Ratio Petroleum, a 20% stakeholder in the...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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