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Saudi Arabia leads as oil producing states set to rake in US$2.5 trillion in revenues

OilNOW -
For Espen Erlingsen, Head of Upstream Research at Rystad Energy, the era of trillion-dollar revenues from the oil and gas sector seemed like it had passed a year ago. But new research by the Norway-based energy research and business intelligence...
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Booming economy gives Guyana easier access to financing for grid upgrade – expert

Kemol King -
Guyana’s Gas to Energy project will be a gamechanger for the new oil producer. But on its own, this mega project will not be enough to eliminate blackouts. International Economist, Dr. Justin Ram said it should be paired with...
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Volunteer Youth Corp gets another GY$20 million from ExxonMobil Guyana for STEM programme

OilNOW -
ExxonMobil Guyana marked the 10th anniversary of its partnership with Volunteer Youth Corps Inc. (VYC) with a GY$20 million contribution to see its Science, Technology, Engineering and Mathematics (STEM) afterschool programme continue in Regions Three and Four. According to Exxon’s local Production Manager,...
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First Tesla imported as Guyana pushes electric car industry

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The first Tesla car has emerged on Guyana’s shores as one Guyanese businessman, Samuel Chandool, looks to propel the electric car industry. The Tesla Model Y arrived in Guyana at a time when the Energy Agency is looking to install...
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Uaru to carry similar FPSO size as Yellowtail – EIA

OilNOW -
Though still in the planning stages, ExxonMobil Guyana has indicated that its Uaru Project in the Stabroek Block is expected to carry similar development and production characteristics as its massive US$10B Yellowtail venture. According to ExxonMobil Guyana in its Environmental Impact...
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Hess aiming to lift 23 million barrels from Stabroek Block for remainder of 2022

OilNOW -
Stabroek Block co-venturer, Hess, expects to lift some 23 million barrels of oil in the remaining quarters of the year, representing an increase in its initial output for 2022. John Rielly, Hess’ Chief Financial Officer made the disclosure to investors...
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Hess targeting oil offshore Suriname at potential Stabroek Block play extension

OilNOW -
Much focus is being placed on Guyana’s oil and gas successes since the year began, but Hess Corporation is not taking its eyes off Suriname’s potential. In fact, during the company’s Q1 earnings call on Wednesday, Chief Operating Officer (COO) Greg...
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Chevron acquires shallow Block 7 offshore Suriname

OilNOW -
Chevron has acquired a 1,867-square-kilometre shallow water acreage, called Block 7, offshore Suriname, the state oil producer, Staatsolie said on Wednesday. With an 80% participating interest, Chevron has obtained exploration, development, and production rights in Block 7. Staatsolie has the...
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Hess’ 2022 first quarter net income soars to US$417M

OilNOW -
Hess Corporation reported on Wednesday morning that it held a net income of US$417 million, or US$1.34 per share, in the first quarter of 2022, compared with net income of US$252 million, or US$0.82 per share, in the first...
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Exxon hikes capacity at Liza Destiny, schedules Payara for early startup

OilNOW -
In addition to the announcement of three new discoveries on Tuesday, ExxonMobil Guyana bore more good news with its hiking of production capacity at Liza Phase One and scheduled first oil for the Payara project. Liza Phase One The company increased...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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