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Exploration

Big volumes at 18,000 ft could see standalone FPSO for new Stabroek Block development

OilNOW -
The Fangtooth discovery which was announced by ExxonMobil back in January 2022 holds enough oil deposits to underpin its own floating, production, storage and offloading (FPSO) vessel. This was disclosed by Hess Corporation which has a 30% working interest...
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Production from first three Guyana projects could hit 624,000 bpd

OilNOW -
ExxonMobil, operator of Guyana’s Stabroek Block, is well positioned to optimise its offshore projects, thereby delivering hundreds of millions in additional annual revenues. Liza Phase 2 and Payara, ExxonMobil’s second and third Stabroek Block projects, each have the capacity...
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Guyana has open-door policy to engage diaspora on country’s development – Official

OilNOW -
Guyana’s Diaspora Unit remains resolute on creating a network to facilitate investors looking to plug capital into the new oil-producing country, as more opportunities continue to emerge from the petroleum and other sectors. According to its Head, Rosalinda Rasul, the Unit has an...
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Exxon, Total, Shell among investors tapped by Qatar for world’s largest LNG project

OilNOW -
Sources in the global oil industry have disclosed that ExxonMobil, Total Energies SE, and Royal Dutch Shell are among the top investors eyed to come aboard Qatar’s mega liquefied natural gas (LNG) expansion project. Qatar Energy’s North Field expansion project is expected...
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T&T looking to unlock over 23tcf of gas, 455M barrels of oil with aggressive 2022 bid rounds

OilNOW -
According to the Prime Minister of Trinidad and Tobago, Dr. Keith Rowley, the latest gas reserve audit for the country established that at year-end 2020, technically recoverable resources amounted to 23.2 trillion cubic feet (tcf) and prospective resources at...
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Guyana says Venezuela trying to delay World Court ruling in border case

OilNOW -
Venezuela has submitted to the International Court of Justice (ICJ) a Preliminary Objection to the admissibility of the ongoing border controversy case with Guyana, resulting in a suspension of the hearing, Guyana’s Ministry of Foreign Affairs said on Wednesday. Now,...
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Venezuela set to resume oil shipments to Europe as US relaxes sanctions

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With most of Europe facing an economic crisis following Russia’s invasion of Ukraine, the United States has stepped in to relax some of its sanctions on Venezuela so that oil shipments can be resumed to keep several states from...
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Guyana to lead Latin America, Caribbean with highest 2022 growth rate – World Bank Report

OilNOW -
While the war in Ukraine is having substantial effects on the Latin America and Caribbean Region via higher commodity prices and weaker global growth, Guyana on account of its oil industry is projected to lead the pack this year...
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Guyana’s first Tesla goes 233 miles on US$12.50 of charge – owner

Shikema Dey -
With the direction the world is heading, investing in an electric vehicle (EV) is becoming the more cost-effective and environmentally-friendly choice. And if the skyrocketing fuel prices do not offer enough motivation to switch from motorcars that run on gasoline or diesel, the benefits...
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IDB expands funding for capacity building efforts in Guyana as oil operations surge

OilNOW -
The accelerated pace of oil and gas operations in Guyana is demanding more from supporting institutions. The economic context is changing so quickly that the Inter-American Development Bank (IDB) has had cause to restructure and expand a multi-million-dollar loan...
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Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

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.

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