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Exxon’s Ranger discovery: The forgotten wild cat?

Shikema Dey -
ExxonMobil’s Ranger find in the Stabroek Block is in a league of its own. A wildcat, the Ranger-1 well is in an area with different geology when compared to other fields where Exxon and its partners have hit the jackpot...
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APA Corporation looking to establish cross-border communication protocol with Guyana on oil spill preparedness

OilNOW -
With Guyana and Suriname sharing a close border, either country can face devastating effects should an oil spill occur on either side. Considering this, APA Corporation is mulling a cross-border communication protocol with Guyana to prepare for such an...
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Exxon on track to add 220,000 more bpd to Guyana output in 2023

OilNOW -
ExxonMobil’s third development project in Guyana’s offshore Stabroek Block – Payara is almost complete and remains on track for its early 2023 start-up. Hess’ Chief Executive Officer, John Hess said the project is around 93% complete. It will take the Stabroek...
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‘Gas-to-power’ seen as ‘most logical’ step for South America’s rising oil giant

OilNOW -
With Guyana’s natural gas reserves pegged at around 16 trillion cubic feet (Tcf), Chief Executive Officer (CEO) of Trinidad and Tobago’s Energy Chamber, Dr. Dax Driver believes that converting it to electricity is the “most logical” avenue at this...
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At over US$12.5 billion; Exxon’s 5th Guyana project will be largest ever to date

Kemol King -
ExxonMobil’s proposed Uaru development project is now estimated to cost US$12.683 billion (GY$2.638 trillion). This is stated in the Environmental Impact Assessment (EIA) for the project, compiled by Acorn International. The new cost reflects the impact of inflationary pressures...
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Guyana is top frontier jurisdiction for oil and gas investment – S&P Global

OilNOW -
Competition between frontier and early-stage producers has become more intense as exploration companies focus on fewer basins in response to budget discipline. Explorers are also keen on delivering rapid results to bring hydrocarbons to market as the energy transition...
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Tullow expected to drill Amatuk well in 2023, after relinquishing 20% of Orinduik Block

OilNOW -
S&P Global expects the Amatuk prospect in the Orinduik Block to be the exploration target of Tullow Oil in 2023. The analyst firm named Amatuk in its high impact well (HIW) drilling outlook for 2023, alongside CGX’s Wei-1 well...
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Tilapia-1 well estimated to hold over one billion barrels of recoverable resources – S&P Global Platts

OilNOW -
Back in 2019, Westwood Global Energy Group put the resource estimate for ExxonMobil’s Tilapia-1 find in Guyana’s offshore Stabroek Block at 300 million barrels. But new estimates by S&P Global Platts puts the estimate significantly higher. S&P listed Tilapia-1 as holding...
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Guyana closes 2022 with US$1.27 billion in oil revenues

Kemol King -
The Guyana government published payments received in the Natural Resource Fund (NRF) in the final quarter of 2022 (October-December), revealing that the final profit oil lift sold in December returned US$83.808 million.  In December, US$207.6 million was also withdrawn as...
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OPITO approved JV to partner with gov’t to equip ‘green’ Guyanese with basic O&G safety, training skills

OilNOW -
ODITC – the 3T EnerMech OPITO Training Centre of Excellence is planning to introduce a new course in collaboration with the Guyana government, on basic oil and gas safety training for Guyanese looking to pursue careers in the sector. Alan...
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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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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