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Government not convinced CGX can fund operations, find a capable partner – Jagdeo

OilNOW -
A week after noting the Guyana government’s hesitance to give CGX Energy more time to appraise its Wei-1 discovery, Vice President Bharrat Jagdeo elaborated on why.  At a Wednesday press conference, Jagdeo said the company did not give satisfactory answers...
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Seven hotels to open by 2025 in Guyana, employ 3,000 – Jagdeo

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Guyana's Vice President Bharrat Jagdeo says seven hotels are under construction and are expected to open their doors by next year in the South American country. The government expects the expansion in the hospitality sector to employ approximately 3,000...
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Hess’ Guyana net to dip to 170,000 b/d in Q3, due to Liza downtime

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Hess said its net production in Guyana is expected to drop between the 170,000 to 175,000 barrels per day (b/d) range, its Q2 earnings report said. Hess has a 30% stake in the Stabroek Block, where Exxon produces oil...
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Hess income soars 536%; US$757 million recorded in Q2

OilNOW -
Hess Corporation reported a net income of US$757 million, or US$2.46 per share, in the second quarter of 2024. This was a significant uptick from the US$119 million, or US$0.39 per share, reported in the second quarter of 2023.  In...
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MODEC announces contractor search for Uaru FPSO maintenance

OilNOW -
Japanese shipbuilder MODEC announced on Tuesday that it is seeking companies for fabric maintenance, painting, and cleaning services on the Errea Wittu floating, production, storage and offloading vessel (FPSO), part of ExxonMobil Guyana’s fifth offshore development, Uaru. Contractors will be...
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As Guyana elections fraud case gets underway its gov’t calls for full transparency in Venezuela poll 

OilNOW -
Guyana was added to the list of countries calling for the “transparent” verification of results from the Venezuelan elections, where the incumbent, Nicolas Maduro is said to have emerged victorious.  “Elections are about people exercising their constitutional right to elect...
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Power China snags US$8.6 million contract for Gas-to-Energy National Control Centre 

OilNOW -
The government of Guyana signed a US$8.6 million contract with Power China to construct a building to house the National Control Centre of the Gas-to-Energy (GtE) project. At the signing, Prime Minister, Brigadier (Ret’d), Mark Phillips, fulfilling the functions of...
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Guyana Labour Ministry inspects Noble Bob Douglas drillship to ensure worker safety, compliance 

OilNOW -
A team from Guyana's Ministry of Labour recently visited the Noble Bob Douglas drillship as part of ongoing efforts to ensure the well-being and rights of workers in the country's oil and gas industry.  The team, including Occupational Safety and...
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Subsea7 installs 119 kilometers of pipe ahead of schedule for Guyana’s Gas-to-Energy project

OilNOW -
Subsea7 said offshore pipelay for the Guyana Gas-to-Energy project was delivered 10-days ahead of schedule. “This was our first project in Guyana and involved the fabrication and S-Lay of 119 kilometers of rigid pipeline using Seven Borealis," said Chief Executive...
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Exxon looking to acquire seafloor seismic services for Stabroek Block

OilNOW -
ExxonMobil is looking to secure seafloor seismic services to enhance its activities at the Stabroek Block offshore Guyana where it has found more than 11 billion barrels of oil equivalent resources since 2015.  The company in a public request...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

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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