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Guyana enters new era as first oil cargo exported

OilNOW -
Guyana’s journey as an oil producer has just begun and promises to bring massive transformation to the tiny South American country. The oil tanker Yannis P set sail on Monday with the first 1 million barrels of oil to...
News

Bankers ‘bombarding’ Guyana – finance minister tells Reuters

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Guyana’s Finance Minister Winston Jordan says bankers are ‘bombarding’ the small South American country which recently became an oil producer and exported its first crude cargo on Monday. Jordan, in an interview with Reuters’ Luc Cohen in Georgetown, said government...
News

Halliburton records $1.7B loss in Q4 2019

OilNOW -
US oil field service company Halliburton (NYSE:HAL) on Tuesday announced a net loss of $1.7 billion, or $1.88 per diluted share, for the fourth quarter of 2019. This compares to net income for the third quarter of 2019 of $295 million, or $0.34 per diluted...
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Tanker departs Stabroek Block with first 1 million barrels of Liza crude

OilNOW -
The first oil tanker to lift crude from the prolific Stabroek Block offshore Guyana departed the country’s waters on Monday with the first 1 million barrels of oil. The Ministry of the Presidency, Department of Energy (DE) said the oil...
Exploration

CGX, Frontera looking to identify ‘higher quality ranked list of prospects’ for Guyana drill campaign

OilNOW -
CGX Energy and joint venture partner Frontera Energy are looking to complete a 3D seismic program on the northern section of the Corentye block offshore Guyana during the first half of 2020 that will help to determine best prospects...
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ExxonMobil support for Iwokrama science programme will hit almost 1 million USD this year

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The Iwokrama International Centre for Rainforest Conservation and Development (IIC) has been able to relaunch its Science Programme and forge ahead with its development following substantial support from ExxonMobil Guyana which has so far seen more than half of...
Exploration

Block 58 explorers look to Sapakara for continued success offshore Suriname

OilNOW -
Apache and Total, 50-50 partners in Suriname’s Block 58, said their next well – Sapakara West-1 - will test the same-aged upper Cretaceous intervals that brought them success at Maka Central-1, in a separate and distinct stratigraphic feature. Sapakara is...
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ExxonMobil looking to ramp up public engagements in 2020

OilNOW -
With exploration and production activities taking place 120 miles and more offshore Guyana, ExxonMobil, operator at the 6.6 million acres Stabroek Block, says it has been undertaking a number of engagements geared towards providing more information about its operations...
News

Chevron’s Venezuela sanctions waiver extended to April: US Treasury

OilNOW -
(S&P Global)  The US Treasury Department has extended for three months a sanctions waiver to Chevron and four US oil services companies allowing them to continue work in Venezuela. Some within the Trump administration had pushed to allow the waiver...
News

Cocktail, firework display usher in Guyana’s entry as oil producing nation

OilNOW -
Celebrations got underway in Guyana on Friday evening as the country’s government and US oil major ExxonMobil along with Stabroek Block co-venturers Hess and CNOOC held a cocktail reception at the Marriott Hotel to mark the historic milestone of...
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Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for...

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