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World-class Liza field accounts for 15% of all crude found globally since 2015

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UK-based industry analyst Wood Mackenzie says Guyana has been one of the most dominant players in the oil and gas industry since 2015 with a record number of discoveries being made, most notable of which are those in the...
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ExxonMobil says blockade threatens production at Nigeria oil facilities

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(Reuters) - ExxonMobil said on Monday that a blockade by former employees threatens crude production at oil facilities in Nigeria, adding that “disruptions to these operations have the potential to significantly impact revenues.” The company made the announcement in a...
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Noble Tom Madden set for Pluma drill campaign as ExxonMobil ramps up oil search in Guyana

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Fresh off of its 9th discovery offshore Guyana, US oil major ExxonMobil already has a new target in its cross-hairs and will aim to begin drilling operations  around October this year. The company says potential for additional production from significant...
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PM Rowley to OWTC – ‘Buy the refinery’

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In wake of the ongoing storm over the future of Trinidad and Tobago’s Petrotrin, Prime Minister Dr Keith Rowley has announced that the Oilfields Workers Trade Union (OWTU) will be given the first option to buy the beleaguered Pointe-a-Pierre...
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U.S. oil prices rise as Gulf oil rigs evacuated ahead of hurricane

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(Reuters) - U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. U.S. West Texas Intermediate (WTI) crude futures were at $70.05 per barrel at...
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Guyana can become richest corner of the continent

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(Rigzone) Following Exxon Mobil Corp.’s latest Hammerhead-1 discovery, the company’s ninth discovery offshore Guyana, it’s believed the country will create the greatest value of any offshore basin since the downturn, according to Maria Cortez, Wood Mackenzie’s Latin American upstream senior...
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SBM Offshore shares surge after company settles Brazilian suits

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(Reuters) Shares in SBM Offshore surged on Monday on news the Dutch marine oil platform constructor had settled its remaining suit with Brazilian federal prosecutors, clearing the way for it to resume doing business in one of its most...
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Guyana oil industry should not be Trinidad’s ‘next meal’ – Persaud

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Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has shot down a suggestion made over the weekend by Trinidad and Tobago’s Opposition Leader Kamla Persad-Bissessar, saying ‘Guyana is not here to bailout’ the twin-island republic. He...
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Eco-Atlantic encouraged by ExxonMobil’s 9th discovery close to its block offshore Guyana

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Eco-Atlantic Oil & Gas said it is encouraged by the latest ExxonMobil oil discovery at Hammerhead-1 in the Stabroek Block offshore Guyana. Hammerhead-1 is said to be located seven kilometres from the boundary with the Orinduik block, where Eco...
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Closure of ailing refinery will save Trinidad from financial disaster – Prime Minister

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In an address to the nation on Sunday night, Trinidad and Tobago’s Prime Minister, Dr Keith Rowley said his government had to proceed with the hard decision of closing the Petrotrin refinery since failing to do so would have...
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Guyana rejects China’s border controversy comments, points out silence on Venezuela’s election plans 

The Government of Guyana has addressed a recent call from China’s Embassy in Georgetown for Guyana and Venezuela 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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