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Guyana oil production will more than quadruple by 2023 with Liza Phase 1, 2 and Payara

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Rapid development and production offshore Guyana will see oil production at peak moving from 120,000 barrels of oil per day (bpd) from the Liza Phase 1 project in 2020 to a whopping 520,000 bpd after the Liza Phase 2...
Exploration

President Granger approves Eco Atlantic’s transfer of 25% interest in Orinduik Block to Total Petroleum

OilNOW -
Eco (Atlantic) Oil & Gas Ltd said on Wednesday that Guyana’s President, David Granger, has approved the transfer of the 25% working interest in the Orinduik Block, offshore Guyana from Eco Atlantic (Guyana) Inc., a wholly owned subsidiary of the...
News

Guyana at cross-roads with big opportunity for security, stability – ASP

OilNOW -
In less that 24 months Guyana, located on the northern shoulder of South America, will begin producing oil from its vast offshore reserves discovered by US oil major ExxonMobil. The opportunity that oil wealth presents is clear, says the...
News

Oil exploration company plugs US1.25M into water conservation efforts

OilNOW -
Cataleya Energy Limited has funded a project in a remote village in the South American country of Guyana to tackle drought and create economic opportunities for residents in the Central Rupununi community. The US$1.25 million reservoir has the capacity to...
News

Brazil’s oil, gas reforms likely to continue under new President

OilNOW -
Brazil’s oil and gas industry is expected to continue seeing reforms boosting both investments and production, as President-elect Jair Bolsonaro puts an end to 16 years of labor party rule. The so-called far-right candidate won Sunday’s second round of voting...
News

Foreign companies team up to explore for oil in Grenada

OilNOW -
The Grenada government says two foreign companies have teamed up to continue the exploration of the island’s maritime space. In a October 29 report, the Antigua Observer quoted Grenada Energy Minister Gregory Bowen as saying that the Russian owned Global...
News

Suriname eyeing closer cooperation between ‘Three Guianas’ in O&G

OilNOW -
Suriname hopes to sign a letter of intent with Guyana in December in which areas of cooperation for oil and gas would be clearly defined. Surinamese Minister of Natural Resources, Regilio Dodson says the the Memorandum of Understanding is likely to...
News

BP records strongest quarter in 5 years

OilNOW -
BP Plc shares rose to the top of the FTSE 100 Tuesday after the U.K. oil major posted its strongest quarterly profit in five years following the "transformational" acquisition of BHP Biliton's BHP U.S. shale assets earlier this year. BP said underlying...
News

Nigeria heads to sea in search of future for oil producers

OilNOW -
(Bloomberg) When it comes to the future of its oil industry, Nigeria is looking miles out to sea. By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath...
News

Noble Tom Madden arrives in Guyana

OilNOW -
The Noble Tom Madden drillship arrived offshore Guyana on Friday. The 752 ft vessel was contracted by ExxonMobil Guyana to undertake exploration activities in the 6.6 million acres Stabtoek Block where a record 9 discoveries have already been made,...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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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