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Manatee will only lift TT’s “struggling” gas production to 2022 levels – Ramnarine 

OilNOW -
The news that Shell issued a final investment decision for the Manatee gas field was welcomed by Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine.  But he believes the development will only make a small dent in lifting TT’s liquid...
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Talks underway for Guyana to sell its certified carbon into Singapore-based compliance market

OilNOW -
The Government of Guyana is now engaging in discussions to sell the country's certified carbon to airlines via a compliance market based in Singapore. “We’ve been fighting to get our carbon sold into a compliance market,” said Vice President, Bharrat...
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Shell greenlights development of Manatee gas field off Trinidad’s coast

OilNOW -
Shell Trinidad and Tobago Ltd., a subsidiary of Shell plc, has taken the Final Investment Decision (FID) on the Manatee project. Shell said the undeveloped gas field in the East Coast Marine Area (ECMA) of Trinidad and Tobago marks...
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Exxon expects dip in Q2 earnings due to lower natural gas prices, refining margins

OilNOW -
ExxonMobil has indicated a dip in second-quarter earnings, according to a Securities and Exchange Commission (SEC) 8K form filing. ExxonMobil’s advantaged assets in Guyana, Permian Basin pushing it well ahead of competition | OilNOW It said several market factors are expected...
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Guyana is now one of only two countries in the region with Capping Stack service

Shikema Dey -
The region's oil-spill response center is what Guyana has the potential to become as ExxonMobil commissioned a massive capping stack, readily available in country, should an unlikely event occur in its offshore operations.  Housed at the Guyana Shore Base (GYSBI),...
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Exxon named ‘most active high-impact explorer’ with Guyana delivering double jackpots in 2023

OilNOW -
The ExxonMobil-operated Stabroek Block was the site of two out of 12 high-impact discoveries of oil and/or gas made around the world in 2023, according to UK-based energy consultancy Westwood Global Energy Group. Westwood said during its State of Exploration...
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Guyana will go down as having some of the best deepwater projects in history

OilNOW -
The prolific Stabroek Block in Guyana is set to redefine the landscape of deepwater oil projects, marking a significant milestone in global energy production. Vice President and Business Service Manager of ExxonMobil Guyana, Phillip Rietema, during an appearance on...
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SLB and TotalEnergies in 10-year partnership for digital energy solutions

OilNOW -
SLB and TotalEnergies have unveiled a 10-year partnership to co-develop scalable digital solutions aimed at enhancing energy resource access with improved performance and efficiency. This collaboration will address key challenges across the energy value chain, including carbon capture, utilization,...
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“It’s not just about the revenues, it’s what we can do with the investment dollars” – Exxon VP on Guyana operations

OilNOW -
Guyana's burgeoning role in the global oil industry is taking shape, with ExxonMobil's investments poised to transform the country's economic landscape, according to the company’s Vice President and Business Services Manager, Phillip Rietema. He made an appearance on the...
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Guyana got US$246 million from oil sales in June

OilNOW -
Guyana’s Natural Resource Fund (NRF) received US$246 million (GY$51.3 billion) in revenue from oil sales in June, government data shows. The funds were paid for three lifts of Guyana’s crude entitlement from the ExxonMobil-operated Stabroek Block.  The NRF received:  US$81.6 million (GY$17...
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GGI to launch new call this July for proposals to drive capacity building in Guyana

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing...

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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