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Updated resource estimate for Stabroek Block still being assessed – Brasington

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Exxonmobil Guyana says assessments are still ongoing to determine what the updated total estimated recoverable reserves in the 6.6 million acres Stabroek Block now stands at. The US oil major announced its eighth oil discovery offshore Guyana at the Longtail-1 well...
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“Bringing Opposition & Gov’t together is my first task” – newly elected PSC Chairman

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Guyana’s Private Sector Commission (PSC) on Thursday elected a new Chairman and Executive body at its Annual General Meeting held at the Marriott Hotel in Georgetown. OilNOW spoke with the newly elected Chairman, Desmond Sears, who said a key area...
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Guyanese engineering company enters major agreement with Fugro, WorleyParsons

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Guyana-based Ground Structures Engineering Consultants Inc. (GSEC) has entered a major agreement with Dutch multinational company Fugro and Australian professional services firm, WorleyParsons for the provision of a range of services covering the life cycle of upcoming projects. OilNOW witnessed...
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Eco Atlantic wrapping up anlaysis of 3D survey data; to seek drill permit for Orinduik Block

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Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) said on Thursday that interpretation and processing of its 3D seismic survey on the Orinduik Block is nearing completion. The Company said it is has received the Pre-Stack Depth Migration...
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Guyana emerging as senior partner in basin shared with Suriname – Ramnarine

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Just days before ExxonMobil announced its eight oil discovery offshore Guyana, former Trinidad and Tobago Energy Minister, Kevin Ramnarine, told OilNOW he is of the view that Guyana is emerging as the senior partner in the basin shared with...
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Third drillship for Guyana waters as 500 mmbl more added to bounty

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Country Manager of ExxonMobil Guyana, Rod Henson, says the eighth oil find offshore Guyana leading to the addition of more than 500 million barrels of oil to the current estimated recoverable reserves which exceed 3.2 billion barrels will see...
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ExxonMobil investigating reported vandalism on gas pipe project in Papua New Guinea

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(Reuters) - ExxonMobil PNG said on Tuesday it was investigating reports of vandalism on its Angore gas pipeline construction project in Papua New Guinea, amid ongoing tension in the Highlands region of the South Pacific nation. Papua New Guinea security...
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ExxonMobil makes 8th discovery in Guyana

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Exxon Mobil Corporation (NYSE:XOM) said on Wednesday it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters)...
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How good are Sovereign Wealth Funds at investing money from natural resources?

OilNOW -
(Natural Resource Governance Institute) Governments around the world held about USD 3.7 trillion in oil, gas and mineral wealth in sovereign wealth funds (SWFs) at the end of 2016. There are many reasons why they have saved so much money. Some,...
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Halliburton’s new drilling technology to improve field development planning

OilNOW -
Halliburton earlier this month released its EarthStar™ ultra-deep resistivity service, a logging-while-drilling technology that helps operators map reservoir and fluid boundaries over 200 feet (61 meters) from the wellbore. This is more than double the depth of investigation of...
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More drilling activities planned for Ranger-1 – Exxon

ExxonMobil is preparing to undertake more drilling activities at its Ranger-1 discovery in the Stabroek Block in 2025, according...

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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