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ExxonMobil to provide plan for sourcing goods and services in Guyana, utilizing local labour

OilNOW -
US super-major ExxonMobil will have to provide a detailed plan to the Guyana government for the procurement of goods and services in the country as well as the employment and training of Guyanese citizens, in keeping with requirements of...
News

Qatargas to deliver 1.1M tonnes of LNG/yr to Shell in new deal

OilNOW -
European oil giant Royal Dutch Shell PLC has signed a purchase and sale agreement with liquefied natural gas company Qatargas. According to the deal, Qatargas will deliver up to 1.1mn tonnes of LNG a year to Shell for five...
News

ExxonMobil & Synthetic Genomics modify algae to produce twice as much oil

OilNOW -
ExxonMobil and Synthetic Genomics Inc. on Monday announced a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth. Using advanced cell engineering...
News

Guyana must put ego aside and hire professionals to negotiate with ExxonMobil – Attorney-at-Law

OilNOW -
Prominent Guyanese Attorney-at-Law, Nigel Hughes, says the country’s government must put ego aside and take steps to hire experts who can advise on negotiations with US super-major, ExxonMobil. Mr. Hughes, a Director on the board of the Guyana Oil...
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Guyana team off to Canada for oil & gas conference

OilNOW -
A team from the Guyana Oil and Gas Association (GOGA) left for Canada on Sunday to attend the Newfoundland & Labrador Oil & Gas Industries Association (NOIA) 2017 Conference which will be held in St. Johns, Newfoundland, from June...
News

450 million barrels of oil will be produced in Phase-1 Liza development

OilNOW -
Approximately 450 million barrels of oil will be produced in the first phase of the Liza oil field development, 120 miles offshore Guyana. The Liza Phase 1 development includes a subsea production system and a floating production, storage and offloading...
News

ExxonMobil makes final investment decision for Liza phase-1 development

OilNOW -
Exxon Mobil Corporation said Friday it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The announcement comes...
News

Guyana grants ExxonMobil Production Licence

OilNOW -
Guyana's Ministry of Natural Resources this evening announced that it has approved the ExxonMobil Liza Phase 1 development plan and has issued a Production License to the company. This is an important milestone towards the first phase of oil...
Editorial

How oil revenue will be used in Guyana remains unclear

OilNOW -
With just 3 years remaining before Guyana produces first oil, the country’s government is yet to roll out a clear development plan outlining how projected revenues from oil production and royalties will be used. With weak infrastructure and deficiencies in...
News

Oil & gas body to stage public lecture on local content in Guyana

OilNOW -
As interest surrounding local content in Guyana continues to heighten, the Guyana Oil & Gas Association (GOGA) will be staging a public lecture on Friday in the country’s capital, Georgetown, to discuss this. The Association said in a press statement...
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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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