News

News

Brent hovering around $94 on possible supply disruption from one of the world’s top producers

OilNOW -
(Reuters) - Oil prices were steady on Monday in seesaw trading, after hitting their highest in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger U.S. and European sanctions that would disrupt...
News

Overheating economy with oil money a fair concern; but we can manage it – Vice President

OilNOW -
When the Guyana government made provisions in the new Natural Resource Fund (NRF) Act 2021 which allowed for 100 percent of the $126B balance of the account to be transferred to the Consolidated Fund to support budget 2022, there...
News

‘One Guyana’ will deliver biggest daily production for new oil nation

OilNOW -
Pegged at a massive 250,000 barrels of oil per day, the floating production storage and offloading (FPSO) vessel for ExxonMobil’s fourth project at Stabroek Block has been named One Guyana and will join its sister vessels Liza Unity, Liza...
News

Analyst urges Guyana to use oil revenue as ‘seed money’ to tackle climate change

OilNOW -
The call by some individuals and groups for Guyana to leave its vast hydrocarbon resources in the ground is being viewed as ironic by a scholar at the Florida International University’s Jack D. Gordon Institute for Public Policy. He...
News

“Team of teams” delivered Guyana’s biggest oil production project to date

OilNOW -
Record pace. These are the words being used to describe U.S. oil major ExxonMobil’s operations in Guyana where it has made over 25 discoveries since 2015 at the Stabroek Block, delivering over 10 billion barrels of oil equivalent and...
News

Guyana optimistic about becoming gas exporter as more projects come online – Vice President

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that as more offshore projects come online, the South American country is hopeful of becoming an exporter of gas, or value-added products derived from gas. “Guyana is not looking to be a...
News

Singapore Airlines to buy ExxonMobil’s sustainable fuel

OilNOW -
(Reuters) - Singapore's civil aviation authority and state-investor Temasek will support the city-state's flagship carrier Singapore Airlines in buying sustainable aviation fuel (SAF) from top U.S. oil producer Exxon Mobil Corp for use in flights, the parties said on Friday. Its...
News

Government applauds first oil from Liza Unity FPSO; earnings set to triple

OilNOW -
The Government of Guyana through the Ministry of Natural Resources said on Friday that it welcomes the announcement by ExxonMobil on the commencement of production at Guyana’s second offshore Development from the Liza Unity FPSO.  The operation of the vessel...
News

Exxon hits first oil at second Guyana development

OilNOW -
ExxonMobil said on Friday it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first...
News

‘Highly prolific quality reservoir’ targeted for Exxon’s 5th development in Guyana

OilNOW -
The South American country of Guyana is moving full steam ahead with the development of its vast hydrocarbon resources mainly at the prolific Stabroek Block, where U.S. oil major ExxonMobil has found over 10 billion barrels of oil equivalent...
1...482483484...1,034Page 483 of 1,034

Latest News

NewsOilNOW -

Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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