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Exxon has “healthy inventory of drilling prospects” planned for Stabroek Block – Hess CEO

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Hess Corporation’s Chief Executive Officer (CEO), John Hess has lauded the Guyana government’s decision to approve a request for a one-year extension to explore the Stabroek Block, thereby providing enough room to execute a healthy inventory of drilling prospects.  Hess...
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Exxon’s 12-well campaign in Canje block slated to start in Q2 2024

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ExxonMobil’s 12-well Canje Block campaign is set to begin in the second quarter of 2024, according to a Cumulative Impact Assessment (CIA) for the project.  The 1,700+ page document is available for public comments until early November.  If discoveries are made,...
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Routledge talks gas extraction techniques for Stabroek Block gas reserves

OilNOW -
ExxonMobil is exploring different facility options for the exportation of gas from Guyana. Alistair Routledge, ExxonMobil Guyana President, discussed Guyana's potential as a deepwater oil producer during an August interview with S&P Global in London. Guyana has been in the...
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Exxon’s supplier partnerships yielding game-changing cost savings in Guyana, says Hess boss

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ExxonMobil, one of the world’s largest publicly traded oil and gas companies, and operator of the Stabroek Block in Guyana, has been aggressively pushing back on cost pressures for its projects offshore the South American country. Bringing this to...
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Exxon submits Cumulative Impact Assessment for 12-well drill campaign in Guyana’s Canje Block

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ExxonMobil Guyana has submitted to the Environmental Protection Agency (EPA), the Cumulative Impact Assessment (CIA) and Environmental Impact Statement (EIS) for its 12-well exploration and appraisal drilling campaign in the Canje Block.  A public notice outlined that “In accordance with...
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Hess still bullish on unlocking financial upside for shareholders in Suriname, Gulf of Mexico

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Though producing assets in Guyana and the USA hold the top positions in Hess Corporation’s portfolio, the company still has its sights set on other exploration opportunities in Suriname and the Gulf of Mexico. This much was noted by...
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Petrobras ventures into carbon market, commits to net zero emissions by 2050

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Petrobras, Brazil's state-owned oil giant, has ventured into the voluntary carbon market, marking its first-ever purchase of carbon credits.   The acquired carbon offsets originate from the Envira Amazonia project, dedicated to the preservation of the Amazon rainforest in Acre's western...
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Guyana instrumental in Europe’s reduced dependency on Russian oil

OilNOW -
In recent times, Guyana's emergence as a deepwater oil producer is proving pivotal in helping reduce Europe's reliance on Russian oil. This surge in Guyana's production has been significantly influenced by the strategic investments of ExxonMobil in the country.  In...
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Guyana gets US$166 million from sale of two lifts of profit oil 

OilNOW -
Guyana received payments from the sale of two profit oil lifts in August 2023, amounting to GY$34.66 billion (approximately US$166 million).  A Bank of Guyana report for the financial position of the Fund on August 31, 2023 did not disaggregate...
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Guyana’s oil sector grew 98.4% in H1, 2023

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Guyana's oil and gas industry witnessed an explosive growth rate of 98.4% in the first half of 2023, President Dr. Mohamed Irfaan Ali announced on September 9. This boost in the energy sector became the main driver behind the...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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