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Stabroek Block explorers have a lot riding on Guyana

OilNOW -
The expectations from the giant oil discoveries in Guyana continue to take centre-stage in the growth plans and projections of venture partners ExxonMobil, Hess and CNOOC. With a record 10 discoveries to date amounting to more than 5 billion barrels...
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Hess to plug hundreds of millions into Guyana operations in 2019

OilNOW -
Hess Corporation (NYSE:HES) said on Monday it intends to plug several hundred million dollars into exploration and development operations offshore Guyana in 2019 as part of what the company describes as its ‘peak spend year’ for the Liza Phase 1...
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ExxonMobil says efforts to develop local capabilities will continue

OilNOW -
ExxonMobil Guyana says it will continue to play a major role in the development of local content in the South American country as first oil approaches. The company reiterated this at a time when multiple potential developments are expected...
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Guyana could become first-world destination in under 12 yrs – Hughes

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Director of the Guyana Oil and Gas Association (GOGA), Nigel Hughes, believes that the approach to local content in the South American country must be refocused with emphasis on local industry becoming more competitive and efficient. He was at the...
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Qatar Petroleum to buy stake in ExxonMobil Mozambique blocks

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(Reuters) - Qatar Petroleum said on Saturday it had agreed to buy a 10 percent participating interest in three of ExxonMobil’s offshore exploration blocks in Mozambique’s Angoche and Zambezi basins. It will be part of a consortium made up of...
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Guyana 15th in the world in terms of deposits – Ambassador Holloway

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Outgoing US Ambassador to Guyana Perry Holloway said that while things are happening in the Guyanese economy due to the emerging oil and gas sector, people still do not realise how big the Guyana offshore oil discoveries are -...
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Guyana on track to produce 1 million bpd; could eventually surpass Venezuela/Mexico – WoodMac

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Oil and gas industry analyst Wood Mackenzie says Guyana could surpass Venezuela and Mexico in its oil production thanks to ExxonMobil’s run of success in oil exploration and noted that the country is on the path to becoming a...
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Oil prices dive 4% as OPEC meeting ends with no details on production cuts

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(CNBC) Oil prices tumbled 4 percent on Thursday as OPEC reportedly agreed to cut production, but ended its closely-watched meeting without a decision on how much crude the cartel will take off the market. OPEC agreed in principle to cut...
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Eco Atlantic, partners to drill Jethro-Lobe well offshore Guyana in May

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. on Wednesday December 5, 2018 announced details of its 2019 drilling programme for Guyana’s offshore Orinduik Block, with the first well – the Jethro-Lobe prospect - being planned for drilling in May 2019. The...
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CGX Energy, Frontera in joint venture to explore ‘most exciting offshore basin in the world’

OilNOW -
CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced Tuesday that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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