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ExxonMobil support for Iwokrama science programme will hit almost 1 million USD this year

OilNOW -
The Iwokrama International Centre for Rainforest Conservation and Development (IIC) has been able to relaunch its Science Programme and forge ahead with its development following substantial support from ExxonMobil Guyana which has so far seen more than half of...
Exploration

Block 58 explorers look to Sapakara for continued success offshore Suriname

OilNOW -
Apache and Total, 50-50 partners in Suriname’s Block 58, said their next well – Sapakara West-1 - will test the same-aged upper Cretaceous intervals that brought them success at Maka Central-1, in a separate and distinct stratigraphic feature. Sapakara is...
News

ExxonMobil looking to ramp up public engagements in 2020

OilNOW -
With exploration and production activities taking place 120 miles and more offshore Guyana, ExxonMobil, operator at the 6.6 million acres Stabroek Block, says it has been undertaking a number of engagements geared towards providing more information about its operations...
News

Chevron’s Venezuela sanctions waiver extended to April: US Treasury

OilNOW -
(S&P Global)  The US Treasury Department has extended for three months a sanctions waiver to Chevron and four US oil services companies allowing them to continue work in Venezuela. Some within the Trump administration had pushed to allow the waiver...
Opinions

Challenges to prudent policies for Guyana’s political economy

Bobby Gossai, Jr. -
Transparency                                       The public observes aggregate government expenditure but does not know the precise origin of such funds. Citizens are, on average, correct...
News

Cocktail, firework display usher in Guyana’s entry as oil producing nation

OilNOW -
Celebrations got underway in Guyana on Friday evening as the country’s government and US oil major ExxonMobil along with Stabroek Block co-venturers Hess and CNOOC held a cocktail reception at the Marriott Hotel to mark the historic milestone of...
News

Guyana oil production could’ve started in 2024 – Liam Mallon

OilNOW -
Average industry performance would’ve seen Guyana becoming an oil producing nation until almost the middle of the decade if efforts to safely fast-track the Liza Phase 1 Development were not made by stakeholders. Speaking to a room filled with guests...
News

Global exploration poised for upswing as operators flock to licensing rounds

OilNOW -
The past year showed a significant increase in licensing activity with a large number of lease rounds announced and the number of awarded licensing rounds rising for the third year in a row. The Mediterranean region was the hotspot,...
News

Extreme cold in Western Canada disrupts oil production, refining

OilNOW -
(Reuters) - Canadian oil producers and refiners have cut processing rates this week as extreme cold weather grips Western Canada, traders familiar with the matter said on Friday. Cold weather has spread across western Canada this week. In Edmonton, the...
News

Tanker to soon lift first one million barrels of oil from Stabroek Block

OilNOW -
The Yannis P – a Marshall Islands registered crude oil tanker will soon lift the first one million barrels of crude from the Stabroek Block offshore Guyana. Production in Guyana commenced on December 20, 2019, less than five years after...
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Latest News

NewsKemol King -

Exxon-led group recovers over US$35.9 billion in costs from Guyana oil projects

ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other...

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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