News

News

Yellowtail will deliver second lowest breakeven to date at giant Stabroek Block

OilNOW -
The largest development to date at the Stabroek Block will deliver the second lowest breakeven for the ExxonMobil-led consortium that has found over 10 billion barrels of oil equivalent resources in the South American country since 2015. The breakeven for...
News

EPA ties ExxonMobil’s Yellowtail permit to rigid provisions for reducing emissions

OilNOW -
While the Environmental Protection Agency (EPA) has granted ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) permission to move ahead with its US$10B Yellowtail Project, it has done so with several rigid conditionalities attached. With respect to air management,...
News

Guyana’s oil fund law faces legal challenge over validity of December passage

OilNOW -
Christopher Jones, Guyana’s Opposition Chief Whip, and Norris Witter, a trade unionist, have together approached the High Court to contest the validity of the Natural Resource Fund Act which was passed by the National Assembly last December. But Guyana's...
News

IDB taking more aggressive stance on energy transition

OilNOW -
The Inter-American Development Bank (IDB), a financier of Guyana projects for many years, signaled in a report that its support for new ventures is taking a more aggressive approach where decarbonization and adaptation are concerned. The policy is stated in...
News

Pipe coating for Guyana’s largest offshore project planned for early 2023

OilNOW -
Canadian oilfield service company, Shawcor Ltd., has received a Letter of Intent (LOI) with Saipem to see pipe coating for ExxonMobil’s Yellowtail project in Guyana’s Stabroek Block, set to begin in early 2023. Yellowtail is scheduled for first oil...
News

Shell starts up gas production at Colibri project offshore Trinidad

OilNOW -
Shell Trinidad and Tobago (T&T), through Shell PLC subsidiary BG International Ltd., announced recently that it started production at the Colibri natural gas field offshore the Twin Island Republic. In a statement, the company explained that ‘Project Colibri’ is a backfill project that is expected to...
News

Guyana oil could help fill gaps if US producers stick to capital discipline, says Platts

OilNOW -
The billions of barrels of oil resources that have been found offshore Guyana could help fill gaps in supply in the coming years if US upstream producers continue to stick to capital discipline as a corporate strategy, which shows...
News

Environmental impact of Exxon’s proposed 24-well campaign ‘negligible to low’, says EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) disclosed on Tuesday via two screening decision documents that no Environmental Impact Assessment needs to be conducted for ExxonMobil’s proposed 24 well campaign at the Kaieteur and Canje Blocks. The regulatory body said its screening...
News

Each Exxon project has US$600M ‘per occurrence’ insurance in place – EPA Head

OilNOW -
For each oil production project led by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) offshore Guyana, there is a ‘per occurrence’ insurance coverage of US$600M related to oil spills. This is according to Head of the Environmental...
News

First oil cargo from Liza Phase 2 arrives in US

OilNOW -
The first cargo from ExxonMobil’s Liza Phase 2 Development offshore Guyana has arrived in the US, according to domestic customs data, said Anthony Starkey, senior adviser, trade flow and modelling for S&P Global. Arrival date was March 29 aboard the...
1...426427428...998Page 427 of 998

Latest News

NewsOilNOW -

Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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