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Oil headed for weekly fall

OilNOW -
(Reuters) - Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion...
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CGX, Frontera to inject up to US$130M for more exploration at Corentyne block

OilNOW -
Following the positive results from the Kawa-1 well after more than 20 years of seismic data acquisition and drilling offshore Guyana, partners Frontera Energy and CGX Energy intend to expend some US$130 million on further exploration at the Corentyne...
Exploration

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

OilNOW -
To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...
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Motherlode of crude remains at giant Stabroek block: analysts say resources will balloon

OilNOW -
Analysts across the oil and gas industry agree that even with the massive volumes of hydrocarbon found so far at the 6.6 million acres Stabroek Block, explorers have only scratched the surface and that mega resources are yet to...
Exploration

Guyana’s oil story not confined to deepwater, explorers looking inland – Bharrat

OilNOW -
The flurry of activity in Guyana’s prolific Stabroek Block and more recently, the Corentyne Block has sparked renewed interest in the onshore Takatu Basin, Minister of Natural Resources Vickram Bharrat disclosed on Wednesday. Explorers have had an interest in Guyana’s...
News

AMI reaffirms over 20-billion-barrel boe at Stabroek Block, Guyana’s growing gas potential

OilNOW -
In an exclusive interview with OilNOW on Wednesday on the sidelines of the International Energy Conference, Arthur Deakin, Co-Director of America’s Market Intelligence energy practice reaffirmed the latest estimate for the Stabroek Block to be well over 20 billion...
News

Guyana could use remaining blocks to form National Oil Company – Jagdeo

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo told attendees at the opening of the inaugural International Energy Conference on Tuesday that authorities are considering using the remaining oil blocks to form a National Oil Company (NOC). “At some point in time,...
News

Over 3,500 Guyanese, 800 local businesses supporting O&G operations – Exxon CEO

OilNOW -
As oil and gas operations continue to ramp up in Guyana, the number of Guyanese servicing the sector has been rapidly increasing.  Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods said over 3,500 Guyanese have been...
News

ExxonMobil’s success in Guyana “unmatched” in modern history – Darren Woods

OilNOW -
ExxonMobil has come a far way in Guyana and the company’s success in the Stabroek Block is only the beginning, said Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods during his opening statement at the International...
News

Ghana President to Guyana: No energy project is worth it if citizens not properly represented

OilNOW -
To ensure energy sustainability, it is critical for Guyana to balance socio-economic and environmental benefits in a continuously changing world. This was the advice offered by the President of West African oil-producing nation, Ghana, Mr. Nana Addo Dankwa Akufo-Addo as Guyana’s...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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