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Exploration

It will take several wells to define Kaieteur Block opportunity – Hess

OilNOW -
Speaking just days before the results from the Tanager-1 prospect was announced, John Hess, CEO of Hess Corporation, a 15% stakeholder in the Kaieteur Block, said it will take several wells for the co-venturers to define the opportunity in...
News

Head of UAE investment group in Guyana for talks

OilNOW -
Sheikh Ahmed Dalmook Juma Al Maktoum of the United Arab Emirates (UAE) and an eight-member delegation arrived in Guyana on Thursday for a three-day official state visit during which support for the South American country’s emerging oil and gas...
News

Payara subsea award is the largest since 2014

OilNOW -
Payara, ExxonMobil’s 3rd development at the Stabroek Block offshore Guyana, has made way for the award of the largest subsea contract in the oil and gas industry since 2014. This comes in a year which one industry analyst describes as...
News

Fabrication work to begin on giant Prosperity FPSO

OilNOW -
Fabrication work is set to begin on the giant Fast4Ward® MPF hull for ExxonMobil’s Payara Development offshore Guyana that will see the Prosperity FPSO pushing total oil production in the South American country to more than 500,000 bpd by...
News

Significant data gathered from Tanager well, no clarity yet on quality of oil – Ratio Guyana

OilNOW -
Large amounts of geological and geophysical data were gathered during the drilling of the Tanager-1 well at the Kaieteur Block offshore Guyana and these findings are expected over the next few months. Ratio Guyana, a 25% stakeholder in the block,...
Exploration

Tanager results a reminder that exploration is a risky, expensive business – Ramnarine

OilNOW -
The results from the Tanager-1 exploration well at the Kaieteur Block offshore Guyana announced on Tuesday brings back into focus the risky nature of exploration, even in a basin where the success rate has been well above 90 percent. Since...
News

Guyana government recommits to robust business environment as economy set to take off

OilNOW -
Guyana’s President, Dr. Irfaan Ali has promised that the new administration will work towards the development of a robust business environment that promotes wealth and job creation. He voiced this commitment last week during an address to the members...
Regional

U.S extends Chevron’s stay in Venezuela to mid-2021

OilNOW -
(S&P Global Platts) The US Treasury said on Tuesday that Chevron and top oilfield services firms can remain in Venezuela until June, extending a wind-down deadline that was set to expire on December 1. The move effectively punts the decision...
News

ExxonMobil looking to establish high-speed fibre-optic service linking offshore, onshore operations

OilNOW -
In an effort to ensure production within the Stabroek Block is efficiently managed at all times, ExxonMobil Guyana plans to implement a secure, high-speed fibre-optic/wireless transport service. The project will ultimately connect the oil major’s onshore and offshore facilities...
News

ExxonMobil plans to evaluate Tanager-1 well data, continue search for hydrocarbons

OilNOW -
ExxonMobil Guyana said on Tuesday it will be looking to evaluate results from the Tanager-1 well at the Kaieteur Block offshore Guyana where hydrocarbon resources discovered were not in commercial quantities. “We can confirm that Tanager-1, the first well in...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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