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Guyana’s oil sector grows 73.5% in first half of 2022, with 34.6 million barrels produced

OilNOW -
The Guyana government said the petroleum sector expanded by 73.5% in the first half of 2022, with 34.6 million barrels of oil produced. It attributed the growth to commencement of oil production at the Liza Unity floating production, storage, and offloading (FPSO) vessel in...
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CGX hypes up Wei-1’s proximity to 14 Guyana, Suriname discoveries

OilNOW -
CGX Energy is preparing to spud the Wei-1 well in the Corentyne Block in October, confident in the placement of the prospect in the Northern section of the acreage, where it is flanked on various sides by a series...
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19 more Guyanese women entrepreneurs complete Accelerate-Her program

OilNOW -
The Centre for Local Business Development (CLDB) hosted an event at the Pegasus Hotel on Saturday, commemorating the completion of the second cohort of its entrepreneurship program – Accelerate-Her. Accelerate-Her is a professional development initiative for women entrepreneurs. It aims to...
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Regulator wants Exxon to evaluate impact of its operations on Guyana’s carbon sink

Kemol King -
Playing up its extensive forest cover, the Guyana government says the country is already at net zero status. And with ExxonMobil announcing plans to ramp up production offshore, regulators will be keeping tabs on how Stabroek Block operations impact...
News

“We have a big opportunity to export gas to Brazil”, says Argentina’s 2nd biggest oil producer

OilNOW -
Pan American Energy (PAE), the second-biggest oil producer and fourth for natural gas in Argentina, is in talks with its partners in a cross-border pipeline to Uruguay to extend the system to supply gas to Brazil. According to a...
News

Venezuela now projected to have 2nd highest growth this year, behind Guyana

OilNOW -
The Economic Commission for Latin America and the Caribbean’s (ECLAC) latest report lists Venezuela as the only other country behind Guyana with a high projected gross domestic product (GDP) rate for 2022. According to ECLAC, Venezuela is set to experience a...
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Shell, ExxonMobil to sell Aera Energy joint venture to IKAV

OilNOW -
Shell and ExxonMobil, joint venture partners in Aera Energy, have decided to sell the company to IKAV, an asset management firm based in Germany. ExxonMobil Corporation disclosed Thursday that its affiliates have signed an agreement to sell all of its...
News

Over 500 courses on offer at Guyana’s first oil & gas training institute

Shikema Dey -
Guyana's landmark Local Content Policy became law last December and almost nine months down the line, its impact is being felt throughout the country's booming oil and gas sector. 3T EnerMech's massive OPITO Training Centre of Excellence at Lusignan, East...
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Guyana, Exxon deal delivers record five projects in seven years

OilNOW -
Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast. Following the announcement of massive...
Exploration

Staatsolie set to spend US$1.5B through 2027 with major focus on offshore development

OilNOW -
From 2022 through 2027, Suriname’s state oil company, Staatsolie, plans to expend an estimated US$1.5 billion as part of its Investment Program, the bulk of which will be for participation in offshore development. In its updated Strategic Roadmap, Staatsolie noted too that the...
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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...

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