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Exxon adds 22,000 acres to Permian Basin resource

OilNOW -
Exxon Mobil Corporation announced Wednesday that it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and...
News

Keppel snags FPSO conversion contract for Liza Destiny

OilNOW -
Keppel Shipyard Ltd. has been awarded a contract by Dutch floater specialist SBM Offshore for the conversion of the Floating Production Storage and Offloading vessel (FPSO) which will be deployed to the Liza field, 193km offshore Guyana in 2019. The...
News

Supermajor Total in new Option Agreement with Eco for 25% interest in Orinduik Block

OilNOW -
Toronto, Ontario (FSCwire) - Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V:EOG), is pleased to announce that its subsidiary, Eco Atlantic (Guyana) Inc. has entered into an option agreement  on its Orinduik Block, offshore Guyana, with Total E&P...
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Oil & gas is not a tsunami; Guyana PM urges positive outlook at opening of business conference

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A two-day conference examining investment opportunities in Guyana’s economy got underway this morning at the Marriott Hotel in Georgetown. Delivering the keynote address, Prime Minister of Guyana, Moses Nagamootoo, said a positive outlook is needed for the emerging oil and...
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Oil money will go towards savings, infrastructure and social programmes – Trotman

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A percentage of revenue from oil production in Guyana will go towards savings via the Sovereign Wealth Fund (SWF) and investments will be made in a raft of social and infrastructural programmes which the country’s government believes will help...
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Bank account for every baby, free education and better infrastructure; Guyanese vision for oil money mixed

OilNOW -
UPDATE: This report was first published on September 23, 2017. Oil production in Guyana started on December 20, 2019 at the Liza Phase 1 Development. As preparation for oil production in Guyana continues, the view of the population regarding what...
News

Newly trained Guyanese urge countrymen to acquire skills in oil & gas

OilNOW -
Fourteen Guyanese departed the South American country for neighboring Trinidad and Tobago in August for what has been a life-changing experience developing skills and expertise for work in the oil and gas industry. Hands-on exposure to the marine work environment...
Featured

Guyana set to earn close to 1 million US dollars per day from profit oil, royalties

OilNOW -
At the current market price for oil, which hovers around US$50 per barrel, Guyana will earn around 855,000 US dollars from the first day of oil production, set to begin in 2020. This tabulation is based on a 120,000...
News

Head of Exxon briefs Guyana President on first oil preparations

OilNOW -
President of ExxonMobil Corporation, Stephen Greenlee says the company is pleased with its level of investment in Guyana and its working relationship with the South American country’s Government. Greenlee met with Guyana’s President David Granger in New York on the sidelines of...
News

Belize halts oil purchases from Venezuela’s PDVSA

OilNOW -
Belize Energy Limited (Apbel) will not purchase any oil derived product within Petrocaribe’s framework. The company made this announcement on September 17, after alleging the escalation of issues from PDVSA due to a breach of contract. “We are indeed very...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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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