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Multiple play types with an 87% success rate make Guyana a unique frontier

OilNOW -
The resource growth in Guyana’s Stabroek Block is being described as ‘staggering’ by a top official at US oil major ExxonMobil who says while the average success rate in a frontier area is 10%, the company has had an...
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Discovering Oil: It’s not like the movies. But it’s still pretty exciting – Energy Factor

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One year before the giant Liza discovery… The data from the well logs looked promising, and a restrained optimism began to build among small groups of specialists at ExxonMobil’s north Houston campus, at its Georgetown venture office and aboard the...
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Liza Destiny ready to set sail for Guyana oil bonanza

OilNOW -
The Liza Destiny, the first oil production vessel to be placed in Guyana has been officially dedicated by the South American country’s First Lady, Madam Sandra Granger. In keeping with tradition and naming protocols, the dedication is performed by a...
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SBM Offshore takes ‘Life Day’ to Guyana

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With an eye on the safety and wellbeing of its employees, SBM Offshore observed its sixth annual Life Day event on Wednesday, June 12, 2019. Life Day, which is observed globally, was held in Guyana for the first time,...
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Eco Atlantic not aware of any Guyana oil probe that would affect its work

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(Reuters) - Canadian-listed Eco Atlantic said on Wednesday it was not aware of any corruption probe in Guyana that would affect an offshore concession it has with partners Total and Tullow Oil . Guyana's anti-corruption agency launched an investigation into...
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Our partnership is with Guyana; not an individual or political party – Exxon Upstream President

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US oil major ExxonMobil, operator in the Stabroek Block offshore Guyana, says it remains committed to forging a strong partnership with the Guyanese people and not with any one individual or political party. Liam Mallon, the company’s President for Upstream...
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2019 EITI Standard launched with new requirements for contract transparency

OilNOW -
At the opening of the 8th Extractive Industries Transparency Initiative (EITI) Global Conference in Paris, outgoing Chair Fredrik Reinfeldt formally launched the 2019 EITI Standard. He said this is one of the most significant achievements of the outgoing EITI...
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Guyana ready to work with Kosovo on exploitation of mineral reserves

OilNOW -
President of Guyana, David Granger has welcomed cooperation with Kosovo for the sustainable management of the South American nation’s natural resources. He expressed such interests during the swearing in ceremony for the first Ambassador from the Republic of Kosovo to...
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Chevron has been in Venezuela for nearly 100 years; it could finally be forced to leave

OilNOW -
(CNN Business) Chevron's nearly century-long relationship with Venezuela might not survive the Maduro regime's fight with the United States. Not only is Venezuela's infrastructure crumbling, but the OPEC member's national oil company has been sanctioned by the Trump administration. Chevron...
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Guyana oil development unaffected by political tug-of-war

OilNOW -
As political uncertainty in Guyana intensifies following a court ruling on Tuesday that paves the way for early elections, oil development offshore remains firmly on course and all systems are in place for production start-up within months. The David Granger-led...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

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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