News

News

Resource-dense Stabroek Block offers tremendous scope for tie-backs – Hess Chief

OilNOW -
With Guyana’s Stabroek Block being such a resource dense concession, ExxonMobil Guyana and its partners see great potential for tie-backs that could lengthen the lifespan of varying projects. This was noted by Chief Executive Officer (CEO), John Hess during the Bank of America...
News

Guyana, Brazil will have to brace for costlier deepwater projects

Kemol King -
In a recent analysis of deepwater developments, Wood Mackenzie said that supply chain constraints remain a concern. And this spells difficulty for operators under pressure to increase drilling and production at a time when energy markets have been sent...
News

Strong institutions, citizens’ innovative skills key to Guyana unlocking oil potential – Professor Haynes

OilNOW -
As oil-rich Guyana continues its quest for transformative growth, there are two main factors that will determine the extent of its success—the robustness of its institutions and government’s ability to harness the innovative gifts of its citizens. Making this point during...
News

Guyana to keep a diversified portfolio of foreign aid, despite growth in oil revenues – Finance Minister

OilNOW -
Notwithstanding Guyana’s multi-million-dollar earnings from the oil and gas sector, it will maintain a diversified portfolio of low-interest lenders. Senior Finance Minister, Dr. Ashni Singh made this declaration while facilitating a meeting with British officials on the mobilisation of...
News

Eco (Atlantic) fully funded for Guyana well next year

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said it is fully funded for the next well to be drilled in the Orinduik Block offshore Guyana in 2023. The company made this disclosure in a report on its good financial health for the first...
News

Trinidad and Tobago unveils hydrogen roadmap; aims to be a major supplier of the region

OilNOW -
Trinidad and Tobago, a regional powerhouse in petrochemicals, is positioning itself to be a key player in the global energy transition through investments in hydrogen. The National Energy Corporation of Trinidad and Tobago Limited (National Energy), on behalf of the...
News

All agreements, policies for Gas-to-Energy project will be provided to Parliament, says Bharrat

OilNOW -
Guyana's Natural Resources Minister, Vickram Bharrat has assured that the National Assembly will be furnished with all agreements signed for the US$2.2 billion Gas-to-Energy (GTE) project. Mr. Bharrat provided this assurance as part of a written response to a question...
News

As blockbuster profits rise in Guyana, ExxonMobil moves to close shop in Equatorial Guinea

OilNOW -
ExxonMobil Corporation is reportedly planning to wind down oil production in Equatorial Guinea and close shop after its licence expires in 2026. According to a Reuters report, Exxon has cut production in Equatorial Guinea to less than 15,000 barrels...
News

CGX secures two more years with the Kawa-1 discovery area

Kemol King -
Chief Executive Officer of Frontera Energy, Orlando Cabrales, said Thursday that the Corentyne Block joint venture (JV) – CGX Energy and Frontera – filed a notice of potential commercial interest in recent months with the Guyana government for the...
News

Hess first oil company to enter three-quarter billion USD carbon credits deal with Guyana

Kemol King -
Stabroek Block stakeholder, Hess Corporation, has committed to purchasing US$750 million in carbon credits from Guyana, kicking off a major low-carbon initiative by the government, to generate revenue from forest conservation. An event to commemorate the agreement was held at...
1...349350351...1,032Page 350 of 1,032

Latest News

Stories Beyond the BarrelShikema Dey -

From chemistry to cargo: How Natina Singh became ExxonMobil Guyana’s first Operations and Logistics Superintendent

When Natina Singh began her academic journey in chemistry, she never imagined she would one day be managing logistics...

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