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Large Guyana contingent for OTC 2019

OilNOW -
The South American country of Guyana will be sending a large contingent to the upcoming Offshore Technology Conference (OTC) to be held from May 6 to 9 at the NRG Park, Houston, Texas. The Government of Guyana through the Guyana...
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Oil & gas contributed GY$2.8 billion in revenue to Guyana in 2017

OilNOW -
The recently released Guyana Extractive Industries Transparency Initiative (GYEITI) country report for the year 2017 said with regards to government revenues, the oil and gas sector contributed some $2,860,000,000 (USD14,300,000). The report which was compiled over the course of 2018...
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Guyana EPA says all environmental requirements met for Liza Phase 2

OilNOW -
The Environmental Protection Agency (EPA) in Guyana says all requirements for which it has responsibility have been met by ExxonMobil Guyana for the 220,000 bpd Liza Phase 2 Development Project. Executive Director of the EPA, Dr. Vincent Adams, told OilNOW...
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ExxonMobil conducting met-ocean survey at Stabroek

OilNOW -
ExxonMobil Guyana is currently conducting a met-ocean survey at its Stabroek Block offshore the South American country of Guyana. The operation, which is scheduled to conclude on May 5, is being executed by the M/V Sea Service some 90 nautical...
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Trade unionist wants Guyana to use oil revenue to boost health care, provide free education

OilNOW -
General Secretary of the Guyana Trades Union Congress (GTUC), Lincoln Lewis on Wednesday called on authorities to use some of the monies coming from the oil and gas sector to revamp the country’s healthcare system and provide free education. Speaking...
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Fluids at Yellowtail similar to those of nearby Liza

OilNOW -
(S&P Global Platts) Yellowtail, Guyana's latest offshore deepwater discovery, contains oily fluids similar to those of the country's initial find, which is currently being readied for first production early next year, a top executive at Hess, a partner in...
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Hess doesn’t expect court ruling on no confidence vote to affect Guyana operations

OilNOW -
Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court of Justice (ICJ) on a no-confidence vote, to affect oil operations. Company officials were asked on...
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BP profits fall on oil-price volatility

OilNOW -
(Market Watch) BP PLC said Tuesday its profit dropped by 12% in the first quarter due to a weaker oil price environment at the start of 2019, echoing anemic quarterly results recently reported by other Big Oil companies. U.K.-based BP...
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Resource from 3 wells to be added to 5.5 billion estimate at Stabroek Block

OilNOW -
ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5 billion barrels of oil equivalent resource estimation determined following the tenth discovery. Jack Williams, Senior Vice...
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U.S. SEC freezes assets over suspected insider trading in Anadarko

OilNOW -
(Reuters) - The U.S. Securities and Exchange Commission on Monday obtained an asset freeze in connection with suspected insider trading in Anadarko Petroleum Corp before the oil company agreed to be acquired by rival Chevron Corp. U.S. District Judge Gregory...
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More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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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