News

Known worldwide for its advanced technologies, serving energy and industrial companies, Baker Hughes has brought top-tier oilfield services to Guyana with the opening of a Supercenter on the East Bank Corridor at Land of Canaan. A multi-million-dollar investment, the Supercenter...

Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods, will deliver the feature address today at the opening of the International Energy Conference and Exhibition at the Guyana Marriott Hotel in Georgetown. OilNOW sat down with Woods for...

CGX Energy Inc. and Frontera Energy Corporation (TSX: FEC) said on Monday that Kawa-1 early-stage Wireline Logging results confirm the Logging While Drilling (LWD) indications previously disclosed on January 31, 2022, with a total of 200 feet of net...

SBM Offshore said on Monday it is pleased to announce that FPSO Liza Unity has produced first oil as of February 11, 2022, and is formally on hire. The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry...

(Reuters) - Oil prices were steady on Monday in seesaw trading, after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt...

When the Guyana government made provisions in the new Natural Resource Fund (NRF) Act 2021 which allowed for 100 percent of the $126B balance of the account to be transferred to the Consolidated Fund to support budget 2022, there...

Pegged at a massive 250,000 barrels of oil per day, the floating production storage and offloading (FPSO) vessel for ExxonMobil’s fourth project at Stabroek Block has been named One Guyana and will join its sister vessels Liza Unity, Liza...

The call by some individuals and groups for Guyana to leave its vast hydrocarbon resources in the ground is being viewed as ironic by a scholar at the Florida International University’s Jack D. Gordon Institute for Public Policy. He...

Record pace. These are the words being used to describe U.S. oil major ExxonMobil’s operations in Guyana where it has made over 25 discoveries since 2015 at the Stabroek Block, delivering over 10 billion barrels of oil equivalent and...

Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that as more offshore projects come online, the South American country is hopeful of becoming an exporter of gas, or value-added products derived from gas. “Guyana is not looking to be a...