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World Bank green-lights US$35M to boost Guyana’s oil & gas preparations

The World Bank Group announced on Monday that it has approved a US$35 million Development Policy Credit to support Guyana’s efforts to strengthen financial sector development and fiscal management to better prepare the country to benefit from its newly...

Hammerhead is next stop for Stena Carron as oil search continues offshore Guyana

Fresh off of its eight oil discovery offshore Guyana, ExxonMobil is set to continue its exploration campaign at Hammerhead-1 in the 6.6 million acres Stabroek Block. Senior Director, Public and Government Affairs, Kimberly Brasington, said the Stena Carron will soon...

Increased shorebase services will be needed for Liza Phase 2

As plans continue for the much bigger Liza Phase 2 development project in Guyana, more opportunity will be created for shorebase facilities to service the rapidly expanding activities in the 6.6 million acres Stabroek Block. The Liza field will be...

Guyanese must be main beneficiaries of oil & gas – new PSC Chairman

Newly elected Chairman of the Private Sector Commission of Guyana (PSC), Desmond Sears, says the umbrella body representing businesses in the South American country will continue to advocate for Guyanese, both home and abroad, to be the main beneficiaries...

‘You have to decide whether you’re at the table or on the menu’ – Repsol’s Ryan Ramjit

- Said EITI reporting mechanism helps to answer this question Alternate member of the Guyana Extractive Industries Transparency Initiative (GYEITI) Multi-Stakeholder Group (MSG) representing Industry Ryan Ramjit sounded a dire warning to Guyana during a community outreach meeting in Bartica...

Updated resource estimate for Stabroek Block still being assessed – Brasington

Exxonmobil Guyana says assessments are still ongoing to determine what the updated total estimated recoverable reserves in the 6.6 million acres Stabroek Block now stands at. The US oil major announced its eighth oil discovery offshore Guyana at the Longtail-1 well...

“Bringing Opposition & Gov’t together is my first task” – newly elected PSC Chairman

Guyana’s Private Sector Commission (PSC) on Thursday elected a new Chairman and Executive body at its Annual General Meeting held at the Marriott Hotel in Georgetown. OilNOW spoke with the newly elected Chairman, Desmond Sears, who said a key area...

Guyanese engineering company enters major agreement with Fugro, WorleyParsons

Guyana-based Ground Structures Engineering Consultants Inc. (GSEC) has entered a major agreement with Dutch multinational company Fugro and Australian professional services firm, WorleyParsons for the provision of a range of services covering the life cycle of upcoming projects. OilNOW witnessed...

Eco Atlantic wrapping up anlaysis of 3D survey data; to seek drill permit for Orinduik Block

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) said on Thursday that interpretation and processing of its 3D seismic survey on the Orinduik Block is nearing completion. The Company said it is has received the Pre-Stack Depth Migration...

Guyana emerging as senior partner in basin shared with Suriname – Ramnarine

Just days before ExxonMobil announced its eight oil discovery offshore Guyana, former Trinidad and Tobago Energy Minister, Kevin Ramnarine, told OilNOW he is of the view that Guyana is emerging as the senior partner in the basin shared with...

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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...