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ExxonMobil expects FID on Liza Phase 2 within months

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Pending the granting of approval from the Environmental Protection Agency (EPA) in Guyana, US oil major ExxonMobil could make its Final Investment Decision on the giant Liza Phase 2 Development project within months. The company is awaiting Environmental Authorization from...
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Noble Tom Madden will deploy to south portion of Stabroek Block for Pluma drill campaign

OilNOW -
ExxonMobil Guyana is eagerly awaiting the arrival of its third drillship; the Noble Tom Madden, which will begin searching for oil at the Pluma prospect in the south portion of the Stabroek Block by the end of October. The company’s...
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‘Adams and Bynoe are key pieces of the puzzle’ – ASEA Director

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As an emerging oil and gas producing nation, Guyana must look to employ the ‘best’ at the top level of institutions that would be tasked with regulating the sector. So says Carlos de Regules, the founding Director of Mexico’s...
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$20 oil? Welcome to Canada, where crude prices haven’t recovered

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Western Canada Select slumped below $20 a barrel on Thursday, the lowest in more than two years, continuing a brutal streak of declines for the country’s main grade of crude, Bloomberg said in a report on Thursday. The drop has...
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“We do not want to send mix signals to contractors, operators” – EPA boss

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Guyana’s Environmental Protection Agency (EPA) and the Department of Energy must work closely to support the Government’s policy for the oil and gas sector. This is the view of the newly appointed Director of the EPA, Dr. Vincent Adams,...
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Kosmos comes up dry again offshore Suriname

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Kosmos Energy said on Wednesday it was abandoning the Pontoenoe-1 well offshore Suriname after failing to find oil. This is the second dry well in a row drilled by the company in the Dutch-speaking South American country. The company came...
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Guyana poised to be world’s largest oil producing country per person in 2020s

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Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among just 770,000 people, is set to be the world’s largest oil producing country per person...
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IEA urges OPEC to open the taps as oil market enters ‘red zone’

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(Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are...
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ADNOC, Baker Hughes in strategic partnership

OilNOW -
Abu Dhabi National Oil Company (ADNOC) and Baker Hughes, a GE company (BHGE:NYSE) on Monday, October 8, signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated...
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New Zealand gov’t introduces bill to halt new offshore oil exploration

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(Xinhua) -- The New Zealand government has introduced a bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits. Prime Minister Jacinda...
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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...

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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