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Election could take place by March 2 in S/America’s newest O&G hotspot

OilNOW -
Guyanese could go the polls by March 2, 2020 to elect a new government. This was announced by the country’s President, David Granger, in an address to the nation on Wednesday evening. The President said after speaking with the country’s...
News

Exxon evaluating multiple wells to firm-up future development plans in Guyana

OilNOW -
ExxonMobil is evaluating several wells on its multi-billion-barrel Stabroek block offshore the South American country of Guyana where it has made a record 14 discoveries since 2015. As the US oil major looks for new plays in different areas on...
News

Exxon is back in Brazil – and betting big on deepwater oil

OilNOW -
(Bloomberg) In November 2010, Exxon Mobil Corp. dispatched workers to a platform off the coast of Brazil, hoping to strike oil in one of the energy industry’s most anticipated drilling programs. About 2,300 meters (1.4 miles) below the surface,...
Exploration

Guyana among countries set to transform Latin America into oil production powerhouse

OilNOW -
Mexico and Venezuela have long been key oil producers of Latin America but with political uncertainty and market volatility mounting, a new generation of oil producing countries are set to transform the region. This includes the tiny country of...
Exploration

CGX hires PGS for Corentyne survey, defers rig contract

OilNOW -
Canadian oil and gas company CGX Energy has hired PGS to conduct a 3D seismic survey over its Corentyne Block offshore Guyana. CGX has also deferred all operational obligations under its drilling rig contract for the Ralph Coffman jack-up...
News

Thousands of expatriates in Guyana with high demand for numerous services

OilNOW -
The emerging oil and gas sector in Guyana is giving rise to numerous opportunities for business ventures ranging from small to large-scale enterprises. Many of the growing opportunities are also outside of mainstream oil and gas activities and this...
Exploration

Costa Rica could take 2nd referendum in country’s history to pursue oil production

OilNOW -
Costa Ricans could get the chance to vote on the future of their country’s oil and gas exploration policy after a court on September 20 authorized pro-exploration activists to gather signatures for what would be only the second referendum...
News

Eco Atlantic boss not sure market fully understands significance of Joe discovery

OilNOW -
Chief Executive Officer of Eco Atlantic Oil & Gas, Gil Holzman says he is not sure the market fully understands the significance of the company’s second oil discovery at the Joe-1 well offshore Guyana. Speaking on a recent podcast, Proactive...
News

Exxon submits Field Development Plan, EIA for Payara

OilNOW -
ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential development project offshore the South American country. The 220,000 barrels per day Payara Development Project is...
Exploration

Guyana offshore gets busy with new discoveries and more wells planned

OilNOW -
US oil major ExxonMobil is targeting two new wells on its Stabroek Block following the company’s 14th discovery announced last week at Tripletail. Tullow Oil, which announced the Jethro-Lobe discovery on the Orinduik block in August quickly followed it...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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