News

News

Exxon hits dry hole at Stabroek Block’s Kokwari-1 well

OilNOW -
Hess Corporation said on April 26 that the Kokwari-1 exploration well in the Stabroek Block offshore Guyana did not encounter commercial quantities of hydrocarbons. Hess’ Chief Operating Officer (COO), Greg Hill noted that Kokwari was a higher-risk carbonate play that...
News

Stabroek Block investments in Guyana now above US$40 billion as partners FID Uaru project

OilNOW -
ExxonMobil Guyana announced on Thursday that it has made a final investment decision (FID) on the Uaru development, its fifth such project offshore the South American country. Exxon is the operator of the Stabroek Block, where the project will...
News

Guyana grants environmental permit for Exxon’s fifth deep water project Uaru

OilNOW -
Guyana's Environmental Protection Agency (EPA) moments ago approved ExxonMobil's fifth Stabroek Block development, Uaru. This will take production above one million barrels per day. The new permit has these key updates as noted in the EPA's release: Flaring Like its predecessors,...
News

Auction extension gives Guyana time to strengthen cybersecurity

OilNOW -
Guyana’s extension to its maiden licensing round presents a window of opportunity for its cyber security to be strengthened.  This is according to Riyad Insanally, former Ambassador of Guyana to the United States.  His comments, captured in the recent edition of...
News

Hess nets $1.13 per share in Q1, 2023

OilNOW -
American oil producer Hess Corporation disclosed on April 26 that it earned net income of US$346 million, or US$1.13 per share, in the first quarter of 2023, compared with net income of US$417 million, or US$1.34 per share, in...
News

Shareholders want bp CEO gone after rollback of oil and gas production cut

OilNOW -
bp’s decision to produce oil and gas for longer than it intended has sparked concerns from shareholders who are set to put a vote against the Chief Executive Officer (CEO) Benard Looney.  According to Reuters, one investment advisory firm PIRC...
News

250,000 bpd Uaru project expected to be approved this week – Hess Boss

OilNOW -
The Government of Guyana is expected to provide approval this week for Uaru, the fifth project in the Stabroek Block, says Hess Corporation’s Chief Executive Officer (CEO), John Hess.  During his company’s 2023 first quarter earnings call on Wednesday, Hess...
Discoveries

Exxon strikes oil at Lancetfish-1 well

OilNOW -
Hess Corporation on Wednesday announced a new oil discovery at the Lancetfish-1 well on the Stabroek Block, offshore Guyana. The Lancetfish-1 well encountered approximately 92 feet of oil-bearing sandstone reservoir. The well was drilled in 5,843 feet of water by...
News

Ramps says it aims to bolster Guyana’s growth, after cleared of fraud charges

OilNOW -
Ramps Logistics Guyana Inc. (RLG) has been cleared by the Guyana Magistrates’ Court on all charges of fraud, the company said in a release. The matter was brought before the court by the Guyana Revenue Authority (GRA) in October,...
News

Well tests begin at TT’s Ortoire block

OilNOW -
Trinidad’s Touchstone Exploration Inc. said on April 24 that it confirmed the presence of light crude oil at non-commercial rates during the first Royston-1X well production test in the onshore Ortoire block.  Touchstone said in its announcement that five potential...
1...287288289...1,026Page 288 of 1,026

Latest News

NewsOilNOW -

Jagdeo says LNG remains a priority as Guyana moves to monetize its gas resources

Guyana’s Vice President Bharrat Jagdeo has reaffirmed that liquefied natural gas (LNG) remains a key option in Guyana’s plan...

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