News

News

Exxon on target for first oil soon at yet another Guyana project

OilNOW -
The start-up of ExxonMobil Guyana’s third Stabroek Block development is imminent, with company President, Alistair Routledge confirming that the project will be up and running soon.  “We’re still on course to start off Payara by the end of this year....
News

Final investment decision for Exxon’s 6th Guyana project expected early next year

OilNOW -
Subject to approvals from authorities in Guyana, the final investment decision (FID) for ExxonMobil’s massive Whiptail development - its sixth in the Stabroek Block - is expected by Q1 2024.  So says the president of the company's Guyana operations, Alistair...
News

Guyana alerts int’l partners on reports of Venezuela military mobilization near border

OilNOW -
The government of Guyana has issued a statement expressing its concern over reports of increased military activities and troop mobilization by Venezuelan forces in proximity to the country's borders. In response to these developments, Guyana has taken steps to...
News

Petrobras production hits 3.98 million barrels a day – CEO 

OilNOW -
Production at Brazil’s state-run Petrobras hit close to four million barrels a day in this quarter, according to its chief executive officer, Jean-Paul Prates.  In a post on X (formerly Twitter), Prates said Petrobras began producing oil in 1953 with...
News

Saudi Aramco, Equinor, Eni, ADNOC among 25 bidders vying for Guyana’s crude marketing contract

OilNOW -
In a highly competitive bid, 25 prominent companies from around the world are vying for the crude marketing contract for Guyana's oil entitlement from the Stabroek block.  The list of contenders includes energy giants such as Saudi Aramco, Equinor, Eni,...
News

Exxon says audit not yet finalised, going to arbitration would be last resort

OilNOW -
Going to arbitration would be the “last resort” for ExxonMobil Guyana Limited (EMGL) to resolve the 1999-2017 audit of its Stabroek Block expenses. This is according to EMGL's President, Alistair Routledge.  The process remains without closure as Exxon is still...
News

“We have not been scared away by Venezuela” says head of Exxon’s Guyana operations

Shikema Dey -
Unbothered seems to be the position of ExxonMobil Guyana Limited (EMGL) in response to the recent grandstanding by Venezuela - the Nicolas Maduro-led nation laying claim to two-thirds of Guyana’s territory.  Irked by the news of the bid round, Venezuela...
News

TT now allowed to pay Venezuela for Dragon gas as U.S. govt. amends license

OilNOW -
The U.S. government has amended the Dragon gas license to allow Venezuela’s state-run PDVSA to receive payment from Trinidad and Tobago in any currency or in humanitarian aid.  The United States had said any cash payments to the Venezuelan government...
News

Field development plan submitted for Whiptail project

OilNOW -
ExxonMobil has submitted its field development plan (FDP) for the massive Whiptail project - its sixth for the Stabroek Block offshore Guyana. This is according to ExxonMobil Guyana Limited's (EMGL) President, Alistair Routledge. "...so that has commenced the process...
News

Highly likely Corentyne Block could be in production by 2030 – Bharrat 

OilNOW -
High hopes exist in Guyana for oil production outside of the Stabroek Block.  This is evidenced by recent statements from the Minister of Natural Resources, Vickram Bharrat who said that the Corentyne Block could move to production in the next...
1...206207208...1,017Page 207 of 1,017

Latest News

NewsOilNOW -

Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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