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ExxonMobil conducting met-ocean survey at Stabroek

OilNOW -
ExxonMobil Guyana is currently conducting a met-ocean survey at its Stabroek Block offshore the South American country of Guyana. The operation, which is scheduled to conclude on May 5, is being executed by the M/V Sea Service some 90 nautical...
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Trade unionist wants Guyana to use oil revenue to boost health care, provide free education

OilNOW -
General Secretary of the Guyana Trades Union Congress (GTUC), Lincoln Lewis on Wednesday called on authorities to use some of the monies coming from the oil and gas sector to revamp the country’s healthcare system and provide free education. Speaking...
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Fluids at Yellowtail similar to those of nearby Liza

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(S&P Global Platts) Yellowtail, Guyana's latest offshore deepwater discovery, contains oily fluids similar to those of the country's initial find, which is currently being readied for first production early next year, a top executive at Hess, a partner in...
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Hess doesn’t expect court ruling on no confidence vote to affect Guyana operations

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Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court of Justice (ICJ) on a no-confidence vote, to affect oil operations. Company officials were asked on...
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BP profits fall on oil-price volatility

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(Market Watch) BP PLC said Tuesday its profit dropped by 12% in the first quarter due to a weaker oil price environment at the start of 2019, echoing anemic quarterly results recently reported by other Big Oil companies. U.K.-based BP...
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Resource from 3 wells to be added to 5.5 billion estimate at Stabroek Block

OilNOW -
ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5 billion barrels of oil equivalent resource estimation determined following the tenth discovery. Jack Williams, Senior Vice...
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U.S. SEC freezes assets over suspected insider trading in Anadarko

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(Reuters) - The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp. U.S. District Judge Gregory...
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New wells drilled to the moon and back by 2023

OilNOW -
Rystad Energy forecasts that more than 1 million kilometers of new oil and gas wells will be drilled over the next five years. The Norway-based energy research and business intelligence company said the collective depth of these wells is the...
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Iran sees oil above $100/b, repeats threat of Strait of Hormuz closing

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(S&P Global Platts) Tehran — A top Iranian military official repeated a threat to shut the Strait of Hormuz if the country's oil shipments are blocked by US sanctions, at the same time an official in parliament warned crude...
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Persad-Bissessar plans to leverage TT’s O&G expertise for jobs in Guyana’s emerging industry

OilNOW -
Trinidad and Tobago’s (TT) Opposition Leader, Kamla Persad-Bissessar is promising to create 50,000 jobs if re-elected Prime Minister in the twin island republic. Some of the jobs, she said, could come from opportunities in Guyana’s emerging oil and gas...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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