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

OilNOW -
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...
Exploration

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

OilNOW -
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...
News

Increased shorebase services will be needed for Liza Phase 2

OilNOW -
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...
News

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

OilNOW -
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...
News

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

OilNOW -
- 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...
News

Updated resource estimate for Stabroek Block still being assessed – Brasington

OilNOW -
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...
News

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

OilNOW -
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...
News

Guyanese engineering company enters major agreement with Fugro, WorleyParsons

OilNOW -
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...
News

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

OilNOW -
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...
News

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

OilNOW -
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...

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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