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Total enters multi-million dollar farm-in deal with Apache for Suriname acreage

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French oil company Total (TOTF.PA) said on Monday that it would pay a bonus of $100 million as part of its previously announced deal with U.S. peer Apache (APA.N) to develop a block off Suriname. “Total is pleased with this...
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ExxonMobil makes 15th discovery offshore Guyana at Mako-1 well

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ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more...
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Liza Phase 1 oil production to ramp up in coming months – ExxonMobil

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ExxonMobil says it plans to slowly ramp-up oil production in the coming months at its first development offshore the South American country of Guyana where daily output at peak is expected to hit 120,000 barrels per day. The company announced...
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Liza Destiny FPSO formally on hire as Guyana set to become significant oil producer

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Dutch floater specialist SBM Offshore said on Monday it stands ready to play a key role in making a contribution towards the South American country of Guyana becoming a significant oil producer as it generates value for ExxonMobil in...
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Discovery of new onshore oil mega field boosts outlook for Mexico’s state-owned Pemex

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(Forbes) This December Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) made one of its largest oil and gas discoveries of the past three decades. The formation, dubbed Quesqui, is located onshore in Tabasco state, and is estimated to contain...
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Oil declines, but losses limited as U.S.-China near trade deal

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(Reuters) - Oil prices slipped on Monday but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying an agreement would be signed “very...
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Guyana opposition flays government’s handling of oil sector as production begins

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A day after the official announcement signalling the start of oil production in Guyana, the main opposition party restated its position that the government has done a poor job in managing the emerging petroleum sector and preparing for the...
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Energy Dept urges due diligence, commitment to best practices as Guyana attains oil producer status

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The much-anticipated start of oil production was announced last evening in Guyana signaling the dawn of a new era for the small nation of just over 750,000 people. In a statement following the announcement by the country’s president, David Granger,...
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Guyana’s 1st floating oil complex moored in position for decades of oil production

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Stretching from Quamina Street in downtown Georgetown all the way to New Market Street, some 1,115 feet away, the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel, at its highest point, is taller than the St. George’s Cathedral. The...
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Guyana is now an oil producing nation

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The South American country of Guyana has joined the league of petroleum producing nations with the official start of oil production at the Liza Phase 1 Development, announced on Friday December 20 by President David Granger, who proclaimed the...
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Guyana journalists explore the geopolitics of energy, climate change in pivotal three-day workshop

A three-day workshop on the Geopolitics of Energy and Climate Change in Latin America concluded on Sunday at Cara...

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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