News

News

Guyana oil revenue to more than triple this year

OilNOW -
Authorities in Guyana have projected that the country will receive close to US$1 billion in oil revenue this year, representing more than three times what it has earned per annum to date from the Liza Phase 1 Development. During his...
News

Hess could lift around 24 million barrels of oil from Stabroek Block this year

OilNOW -
When the Liza Phase 2 development comes on stream this quarter and reaches full production later this year, Hess Corporation expects to collect 24 lifts from its Guyana operations. It would also be well positioned to clear off its...
News

Guyana on track to rake in around US$90 million for first oil lift this year

OilNOW -
Oil prices rose to a more than seven-year peak at the weekend and recorded their sixth straight weekly gain with Brent climbing to $90.03 a barrel, after hitting $91.70 early Friday, the highest level since October 2014. OilNOW understands preparations...
News

Payara project 66% complete; start-up on track for 2024

OilNOW -
The Payara development, the third project in the ExxonMobil-operated Stabroek Block, is 66 percent complete. This is according to Hess Corporation’s Chief Operating Officer (COO), Greg Hill. During the company’s Q4 2021 earnings call, Hill said Subsea Umbilicals, Risers and...
News

New Flash Gas Compressor to be installed on Liza Destiny FPSO by mid-year – Exxon

OilNOW -
While the third-stage Flash Gas Compressor (FGC) on the Liza Destiny FPSO continues to operate steadily, ExxonMobil Guyana said on Friday that upgrades on the new replacement equipment are still advancing, with the installation date now set for mid-year. The...
News

Over 4,000 Guyanese to be trained for work in oil & gas

OilNOW -
The Guyana government has allocated GY$420.5 million (US$2.1 million) this year to train Guyanese for jobs in the country’s rapidly expanding oil and gas sector. This was announced by Senior Minister in the Office of the President with responsibility...
News

Guyana preparing for ‘every likely scenario’ in oil spill response training

OilNOW -
In keeping with the objective of assessing oil spill-related events on Guyana’s coast, the United States Coast Guard (USCG) in collaboration with the U.S. State Department this week concluded a three-day workshop with members of Guyana’s National Oil Spill...
News

Energy Chamber welcomes ‘one of Guyana’s most compelling national budgets’

OilNOW -
The Guyana Oil and Gas Energy Chamber (GOGEC) said on Friday it welcomed the country’s 2022 National Budget presented this week, reflecting the government’s commitment to ‘creating a progressive and equitable society’ for all Guyanese. “GOGEC wishes to thank the...
News

Explorers probing deeper targets to add bigger volumes in Guyana hotspot

OilNOW -
For 2022, Hess Corporation’s Chief Operating Officer (COO), Greg Hill said a number of exploration wells are planned for the Stabroek Block. During the company’s Q4 2021 Earnings Call, he said these include Barreleye-1, located approximately 20 miles southeast of Liza. Hill...
News

Oil nation Guyana set to export pre-built wooden houses to West Africa

OilNOW -
The idea of Guyana exporting houses to other countries using local wood was put forward by President Irfaan Ali sometime last year. But this has now born fruit as the government is set to export some 120 pre-built houses to Ghana...
1...489490491...1,036Page 490 of 1,036

Latest News

Guyana's Oil LedgerKemol King -

Guyana oil fund gets US$228 million in October

Guyana received US$228 million (GY$48 billion) in oil revenues in October, according to the latest update on the operations...

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