News

News

Guyana looking to establish a petroleum data repository

OilNOW -
Guyana plans to hire a consultant this year to set the stage for the establishment of the government’s own petroleum data repository. “We will have to determine first of all what data we need to store, the size of the...
News

US waiver to tap Venezuela gas field “a breath of fresh air” for Trini services sector – Ramps CEO

OilNOW -
RAMPS Logistics’ Chief Executive Officer, Shaun Rampersad, said “a breath of fresh air” has been breathed into the Trinidad and Tobago services sector, now that the United States has granted a waiver of its sanctions regime to allow development...
News

Guyana First Lady says new oil production vessel creates link to brighter future

OilNOW -
Singapore, February 1, 2023: First Lady of Guyana, Arya Ali, says the name of the Prosperity floating production, storage and offloading (FPSO) vessel represents what is in store for the people of the new oil producing South American country....
News

Guyana bid round: New fiscal terms won’t deter investors – Deakin

Shikema Dey -
Interest from investors in Guyana's upcoming bid round is expected to be favourable despite revised fiscal terms in the new Production-Sharing Agreement (PSA) that will see more revenue going to the South American country. “I do not see those fiscal...
News

Guyana budgets GY$100.7M to review Exxon’s Whiptail field plan

OilNOW -
Guyana Minister of Natural Resources, Vickram Bharrat, said Tuesday that GY$100.7 million (approximately US$483,000) has been budgeted to review the Whiptail field development plan (FDP). The government, he said, has received indication that the plan will be submitted in 2023. The...
News

Final audit report on Stabroek Block costs due in March – Bharrat

Kemol King -
An audit, launched in May 2022 of Stabroek Block costs submitted for the period 2018-2020, is due to wrap up in March this year, Guyana’s Minister of Natural Resources, Vickram Bharrat said Tuesday. There was a misconception, Bharrat explained, that...
News

Guyana and Suriname forge closer private sector ties

OilNOW -
Guyana’s Private Sector Commission is establishing closer ties with its Surinamese counterpart for enhanced collaboration as both countries pursue oil and gas development.  The Guyana-Suriname Private Sector Business Council headed by Guyanese Paul Cheong was created in 2022 and on...
News

PROSPERITY UPDATES: Naming ceremony for Guyana’s third FPSO set for Wednesday

OilNOW -
The naming ceremony for Guyana’s third floating, floating, production, storage and offloading (FPSO) vessel – the Prosperity – is set for Wednesday Feb. 1 at the Keppel Shipyard in Singapore. First Lady of Guyana, Arya Ali, attended a reception hosted...
News

Exxon posts record-breaking US$56 billion earnings for 2022

Shikema Dey -
With 2022 closed, ExxonMobil raked in a whopping US$55.7 billion in earnings for the full year, up from US$23.0 billion in 2021 – a US$32.7 billion increase, its Chief Executive Officer (CEO) Darren Woods reported to investors on Jan....
News

Stabroek partners looking to up Liza Unity production in Q4 2023

OilNOW -
After a successful start-up in February 2022 and a gradual production ramp-up in July, the Stabroek Block co-venturers are considering production optimisation measures on the Liza Unity FPSO in the fourth quarter of 2023. Hess President and Chief Operating Officer,...
1...321322323...1,027Page 322 of 1,027

Latest News

NewsOilNOW -

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.

Quick Access

Company Info

Social Networks