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TT helicopter operator expanding operations to Guyana with S-76 aircraft

OilNOW -
National Helicopter Services Ltd. (NHSL), a leading Sikorsky S-76® helicopter operator, is expanding operations with its first two S-76D™ aircraft in Guyana, a continuation of the significant growth of Sikorsky and Lockheed Martin in Latin America. NHSL has operated Sikorsky...
News

Bloomberg: Meet the economy that the IMF sees growing 86% in 2020

OilNOW -
(Bloomberg) South America may be battered by weak growth, unrest and austerity but one of its smallest countries is about to experience the fastest economic growth on the planet. Guyana, a country of 780,000 that neighbors Brazil and Venezuela in...
News

Oil companies in Guyana benefiting from positive value-creation cycle

OilNOW -
Exploration and Production (E&P) companies operating offshore Guyana are benefiting from a positive value creation cycle that started in 2015 while an estimated 800 offshore investments made during an upturn in 2010 to 2014 will struggle to generate any...
News

Bloomberg: Giant Brazil offshore oil find might be expensive for Exxon

OilNOW -
Exxon Mobil Corp. could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up for auction next week, Bloomberg said in a report on Thursday. The Irving, Texas-based oil titan...
News

Exxon records $3.2B earnings in Q3 as Guyana value position further improves

OilNOW -
Exxon Mobil Corporation on Friday announced estimated third quarter 2019 earnings of 3.2 billion US dollars as the company continues to make progress on its long-term growth strategy and further improved the value of its position in Guyana with...
News

Noble Don Taylor to begin 1-year contract at Stabroek Block

OilNOW -
The drillship Noble Don Taylor will soon begin a one-year contract for drill campaigns at the Stabroek Block offshore Guyana, operated by US oil major ExxonMobil with co-venturers Hess and China’s CNOOC. In announcing its Q3 results on Thursday, Noble said...
News

Apache records $170M loss in Q3 as Suriname oil search ramps up

OilNOW -
US-based Apache Corporation has reported a quarterly loss of $170 million or $0.45 per diluted common share for the third quarter of 2019. “During the third quarter, adjusted production exceeded guidance while capital expenditures remained on pace with our full-year...
News

Progress in coming weeks critical to early oil production – ExxonMobil

OilNOW -
Several factors over the coming weeks will play a critical role in the timetable for production of the first barrel of oil from the Liza Phase 1 Development at the Stabroek Block offshore the South American country of Guyana. Initially...
Exploration

Extensive logging exercise ongoing at Ranger 2 well

OilNOW -
Appraisal drilling and related activities are ongoing at the Stabroek Block offshore Guyana as US oil major ExxonMobil moves to assess several discoveries and map out future targets. Hess corporation, a 30% co-venturer on the block, provided an update on...
Uncategorized

University of Guyana will play pivotal role in Guyana’s oil future

OilNOW -
The discovery of several billion barrels of oil offshore Guyana since 2015 and the start of production, now just months away, have made it clear that the South American country is entering a new era in its history that...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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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