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Discoveries

Guyana gives ExxonMobil thumbs-up for new discovery

OilNOW -
Guyana’s Ministry of Natural Resources said in a statement on Thursday evening that it joins the country’s President, David Granger, and the Guyanese people, in congratulating ExxonMobil and its joint-venture partners Hess and CNOOC Nexen for their latest discovery...
Discoveries

Exxon makes 5th oil discovery offshore Guyana

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) announced on Thursday it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and...
Production

Oil & gas fields have 15-30 year lifespan, production could be unpredictable

OilNOW -
Oil and gas fields generally have a lifespan ranging from 15 to 30 years, from first oil to abandonment. Production can last 50 years or more for the largest deposits. Deepwater fields, however, are operated just five to ten...
News

No decision yet on who will market Guyana’s oil – Trotman

OilNOW -
Minister of Natural Resources, Raphael Trotman, says the Government of Guyana is still examining options available for marketing its share of oil and this is being studied by a high-level team put together by President David Granger. The South American...
News

Ground Structures building state-of-the-art facility with lab for offshore investigations

OilNOW -
Ground Structures Engineering Consultants (GSEC), a Guyanese firm specializing in geotechnical engineering and environmental services, will soon open the doors to its new state-of-the-art 10,000 sq. building housing offices and a soils and material laboratory. GSEC is in a partnership...
News

Private sector staging landmark business summit with multi-stakeholder focus

OilNOW -
As Guyana’s oil and gas industry promises to emerge as a dominant force in the country’s economy, the business community will next week be looking to highlight opportunities and challenges in several other key sectors in its push to...
News

Guyana “light crude” will fetch higher price, cost less to refine

OilNOW -
When compared to heavy oil, the light crude found in Guyana will fetch a higher price on the world market and cost less to refine. Light crude oil has low density and flows freely at room temperature. It has low...
Exploration

Exxon continues drilling foray offshore Guyana with new campaign at Ranger-1

OilNOW -
Following oil discoveries at the Liza, Payara and Snoek reservoirs from 2015 to present, ExxonMobil and its Joint Venture partners Hess and CNOOC Nexen will be looking to repeat these successes with exploratory drilling at the new Ranger-1 well site...
News

Gulf Publishing Company launches LNG intelligence service

OilNOW -
Gulf Publishing Company, a leading media company and provider of market data for the international energy industry, on Sunday the Energy Web Atlas to provide the downstream energy sector with easy access to information about the Liquefied Natural Gas (LNG) industry. A...
News

Guyana taxation body boosting systems in preparation for oil & gas

OilNOW -
The Guyana Revenue Authority (GRA) is working closely with the US Treasury Office of Technical Assistance (OTA) to create a platform that can allow higher systems of transparency and accountability, as the country continues its preparation for the oil...
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Latest News

Stories Beyond the BarrelShikema Dey -

Zero experience, full determination: Dakarai Griffith’s journey

The world of machinery, hydraulics, and offshore operations wasn’t part of Dakarai Griffith’s plan. His early days were spent...

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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