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Exports set to jump to 1.24 mil b/d for Africa’s largest holder of crude reserves – Platts

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(S&P Global Platts) Libyan crude and condensate exports are poised to jump to a 13-month high of 1.24 million b/d this month, according to S&P Global Platts estimates compiled using data from shipping and trading sources. This comes as Libya's...
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Guyana deepwater carbon footprint smaller than heavy oil in Canada and across the world

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With approximately 9 billion barrels of oil equivalent and climbing, Guyana’s deepwater resources have a smaller carbon footprint than heavy oil being produced in Venezuela, Canada and across the world. Light crude is typically in the 35-45 American Petroleum Institute...
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Guyana, Suriname could use oil riches to underpin Caribbean energy security – Sir Ronald Sanders

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Even though Guyana and Suriname are expected to receive significant revenues in the coming years, Antigua and Barbuda’s Ambassador to the United States, Sir Ronald Sanders, is of the view that neither country has the absorptive capacity to utilize...
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Russia state oil company discovers new Arctic gas field

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(S&P Global) Russian state-owned oil and gas producer Rosneft said December 9 that it has discovered a large new gas field in the Arctic Kara Sea. Rosneft is playing a key role in Russia's Arctic strategy, which aims to capitalize...
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ExxonMobil has no plans to recover over $2.7 billion spent in Guyana on social programmes – Routledge

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The more than GY$2.7 billion invested by ExxonMobil in contributions and sponsorships of various organisations and activities across Guyana will not be recovered by the company, a top official said on Tuesday. More than GY$280 million was invested in contributions...
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Chevron’s CEO calls for “action over pledges” to deliver on low carbon goals

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(Bloomberg) --Fresh from overtaking Exxon Mobil as North America’s biggest oil company, Chevron Corp. has a “simple promise” to investors: higher returns and lower carbon. Delivering on that promise is critical: an activist investor announced a campaign on Monday targeting...
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ExxonMobil has moved over 6,000 people offshore without a single case of COVID-19 – Routledge

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ExxonMobil has been able to forge ahead with its exploration, development drilling and oil production operations offshore Guyana over the last several months without recording a single case of COVID-19, the head of the company’s activities in the South...
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Guyana and Suriname sign historic ‘Open Skies Agreement’ as economic surge set to boost travel

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New oil producer Guyana has signed a historic deal with neighbouring Suriname that will allow for easier travel between the two countries. The agreement was signed on Monday in the Savannah Suite of the Pegasus Hotel in Georgetown, Guyana’s Capital...
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ExxonMobil Guyana plugs GY32M into purchase of rapid testing kits for COVID-19

OilNOW -
The Ministry of Health’s rapid antigen testing capacity for COVID-19 has received a major boost with the donation of $32M from ExxonMobil Guyana that will enable the purchase of 20,000 kits. The cheque was handed over on Monday at...
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U.S Ambassador urges ‘fastest growing economy in the world’ to prepare for sweeping changes

OilNOW -
New oil producer Guyana will continue to see growing interest from investors around the world looking to tap into the opportunities the offshore multi-billion-barrel hydrocarbon resources are providing. U.S Ambassador to Guyana, Sarah-Ann Lynch says now is the time...
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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana today announced that the country’s daily oil production has reached a new milestone of 900,000 barrels per...

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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