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Discoveries

Oil Minister says “thriving future for generations ahead” as Exxon announces three new discoveries

OilNOW -
With three new discoveries announced by oil major ExxonMobil in Guyana’s prolific Stabroek Block, Minister of Natural Resources Vickram Bharrat sees a thriving future for generations ahead. Subsequently, after Exxon’s announcement, Bharrat shared that the new discoveries add to “Guyana’s growing legacy”...
Discoveries

Exxon triple discoveries catapult Guyana resource base to almost 11 billion barrels

OilNOW -
ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to...
News

No way Guyana can lose from ‘single most transformational project’ in its history – Bharrat

OilNOW -
Guyana’s Gas-to-Energy project is a win-win for the country. In fact, its Minister of Natural Resources Vickram Bharrat holds the strong position that the country simply cannot lose when the project comes on stream in 2025. He dubbed it “the...
News

Norway arrests activists blocking tanker delivering oil to an Exxon terminal

OilNOW -
(Reuters) - Norwegian police said they had arrested 20 Greenpeace and Extinction Rebellion campaigners who on Monday blocked a tanker from delivering Russian oil to an Exxon Mobil terminal. In a protest against Russia's invasion of Ukraine, activists had fastened...
News

Pace of Guyana’s oil and gas development ‘unprecedented’ – Routledge

OilNOW -
Guyana’s growth trajectory changed dramatically when ExxonMobil and its Stabroek Block partners struck oil back in 2015. Since then, the pace of the South American nation’s transformation and development – its oil and gas resources and its infrastructure –...
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Guyana evaluating sites for second hydropower project

OilNOW -
After streamlining the 165 megawatts (MW) Amaila Falls hydropower project for 2027, the Guyana Energy Agency (GEA) has started site evaluations for a second hydropower project, its chief executive officer Dr. Mahender Sharma said recently. Amaila had chosen to be the...
News

Over 50 development wells for Guyana’s biggest oil project

OilNOW -
The subsea umbilicals, risers, and flowlines (SURF) facilities for the Yellowtail project will be the largest to date offshore Guyana with over 50 development wells planned, making the contract for the supply and installation of this equipment among the...
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Guyana to create two-way channel in Demerara River as marine activities surge

OilNOW -
The rapid increase in offshore oil and gas operations is resulting in more marine traffic passing through Guyana’s main channel, the Demerara River. Dredging is required to facilitate this increase, and the government intends to do that in less...
News

Oil slides nearly 5%, lowest in almost two weeks

OilNOW -
(Reuters) - Oil slumped nearly 5% to the lowest in almost two weeks on Monday, extending last week's decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth...
News

IEA Advisor says national oil companies must be part of dialogue on energy transition

OilNOW -
While much of the global dialogue on energy transition from fossil fuels to renewables tends to focus on majors like ExxonMobil and Shell, it is the national oil companies (NOCs) that must be part of the conversation as well,...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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