Featured

Featured posts

News

218,000 bpd crude loadings from Guyana adding to global surge

OilNOW -
Guyana's oil exports have seen significant growth this year, reaching 598,000 barrels per day (b/d), a 58% increase compared to the previous year, according to data pulled by the Baltic and International Maritime Council (BIMCO). Niels Rasmussen, Chief Shipping...
News

Guyanese group hired to audit Stabroek Block expenses for 2021-2023 period

OilNOW -
A Guyanese group, VHE Consulting, was hired to audit Stabroek Block expenses for the period 2021-2023, Guyana’s National Procurement and Tender Administration Board (NPTAB) said.  The Ministry of Natural Resources awarded the US$1.5 million (GY$312.6 million) contract on October 10...
News

Four out of six bidders accept new Guyana PSA terms – Ministry 

Shikema Dey -
Four of the bidders in Guyana’s maiden offshore auction have accepted the terms of its new production sharing agreement (PSA), the Ministry of Natural Resources announced on Wednesday.  The auction, executed last year, saw the S3 and D2 Blocks awarded...
News

Exxon continuing geotechnical survey operations at Stabroek Block

OilNOW -
ExxonMobil Guyana Limited (EMGL) is set to continue geotechnical survey operations at the Stabroek Block offshore Guyana.  According to a notice from Guyana’s Maritime Administration Department (MARAD), the survey, which will use the vessels SV Fugro Explorer and SV Fugro...
News

IEA warns of OPEC’s struggles amid declining market share, rising non-OPEC production

OilNOW -
The International Energy Agency (IEA) forecasts that OPEC's market share could drop to eight million barrels per day (b/d) below its combined output capacity by 2030. The Paris-based organisation which largely represents western oil-consuming economies, suggests that OPEC faces...
News

Guyana plans two large-scale hydropower projects to add 370 MW by 2035

OilNOW -
San Diego, California: Two hydropower projects, including the Amaila Falls project, are expected to add 370 megawatts (MW) to Guyana’s power generation matrix by 2035, Foreign Secretary Robert Persaud said on October 16.  The official delivered the keynote address at...
Exploration

Oil story of South America’s newest producer built on 45 discoveries in just nine years 

OilNOW -
ExxonMobil’s Liza find back in 2015 unlocked a treasure trove of oil and gas discoveries in Guyana’s Stabroek Block. Now, in 2024, the number stands at 45 discoveries and Exxon aims to take this even higher.  “I believe Guyana will...
News

Saipem vessel completes 180 consecutive ‘Perfect Days’ on Yellowtail project in Guyana

OilNOW -
Saipem's FDS2 vessel has successfully wrapped up its pipelay and subsea construction work for ExxonMobil's Yellowtail Project offshore Guyana, achieving a milestone of 180 consecutive “Perfect Days.” This accomplishment means 180 days without any injury, asset damage, or environmental...
News

Exxon hopeful of resolving audit dispute without going to arbitration

OilNOW -
For ExxonMobil, arbitration would be the “last resort” to resolve the findings of the IHS Market audit of its 1997-2017 Stabroek Block expenses.  “I don't have any intent to call an arbitration. I don't think that that's the right way...
News

Wood Mackenzie analysts predict continued, slower investment in oil and gas sector

OilNOW -
UK-based analytics firm Wood Mackenzie says while investment growth in the oil and gas sector is set to continue, it will occur at a slower pace than in previous years.  Capital allocation in the oil and gas sector has become...
1...8910...917Page 9 of 917

Latest News

NewsOilNOW -

Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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.

Quick Access

Company Info

Social Networks