Featured

Featured posts

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...
News

Tullow Oil not likely to drill any Guyana wells this year

OilNOW -
UK-based Tullow Oil, reeling from disappointing results from its offshore campaigns in the South American country of Guyana, may not drill anymore wells there this year. The company said exploration write-offs of approximately $1.5 billion dollars include the Jethro, Joe...
News

Dozens gather in Georgetown for first glimpse of ‘light sweet’ Liza Crude

OilNOW -
Guyanese onshore will now have an opportunity to see first-hand a sample of the black gold being produced 120 miles off of its coast that is set to change the course of the South American country’s history. The Department of...
News

“Don’t spend money you don’t have’ warns oil expert

OilNOW -
Guyana, now poised to be the biggest per capita oil producer in the world in coming years, has a unique opportunity having now entered the oil and gas industry, to learn from the multitude of mistakes made by other...
1...793794795...1,030Page 794 of 1,030

Latest News

Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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.

Quick Access

Company Info

Social Networks