News

News

Longtail, Turbot, Pluma and Tilapia could be jointly developed with 220,000 bpd FPSO

OilNOW -
ExxonMobil and its partners Hess and CNOOC are turning their attention to the Tilapia prospect, located some 3.4 miles (5.5 kilometers) west of the Longtail-1 well in the prolific 6.6 million acres Stabroek Block offshore Guyana. Industry analyst Wood...
News

Guyana on track to produce 1 million bpd; could eventually surpass Venezuela/Mexico – WoodMac

OilNOW -
Oil and gas industry analyst Wood Mackenzie says Guyana could surpass Venezuela and Mexico in its oil production thanks to ExxonMobil’s run of success in oil exploration and noted that the country is on the path to becoming a...
News

Oil prices dive 4% as OPEC meeting ends with no details on production cuts

OilNOW -
(CNBC) Oil prices tumbled 4 percent on Thursday as OPEC reportedly agreed to cut production, but ended its closely-watched meeting without a decision on how much crude the cartel will take off the market. OPEC agreed in principle to cut...
News

Eco Atlantic, partners to drill Jethro-Lobe well offshore Guyana in May

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. on Wednesday December 5, 2018 announced details of its 2019 drilling programme for Guyana’s offshore Orinduik Block, with the first well – the Jethro-Lobe prospect - being planned for drilling in May 2019. The...
News

CGX Energy, Frontera in joint venture to explore ‘most exciting offshore basin in the world’

OilNOW -
CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced Tuesday that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned...
News

Guyanese businesses link up with Liza Phase 1 Prime Contractors at supplier forum

OilNOW -
ExxonMobil Guyana and the Centre for Local Business Development opened its Liza Phase One Supplier Development Forum on Monday at the Guyana Marriott Hotel in the country’s capital, Georgetown. Country Manager of ExxonMobil Guyana, Rod Henson, explained that, “We host...
News

ExxonMobil’s 10th discovery should not be seen as “just another announcement” – Dr. Bynoe

OilNOW -
ExxonMobil’s 10th offshore discovery should not be seen as “just another announcement,” according to Director of the Government’s Energy Department in Guyana, Dr. Mark Bynoe. The US oil giant on Monday announced its latest discovery at the Pluma-1 well –bringing...
News

ExxonMobil makes 10th discovery offshore Guyana

OilNOW -
US oil major ExxonMobil has made yet another discovery off the Guyana coast at the Pluma well making it a record 10 finds so far since the world class Liza discovery announced in May 2015. Director of Guyana’s Department of...
News

‘The rush to Guyana will be unprecedented’ – Hughes tells TOTALTEC graduates

OilNOW -
Partner in Guyanese law firm Hughes, Fields and Stoby, Nigel Hughes on Thursday called the third batch of TOTALTEC oilfield operator graduates “pioneers” of Guyana’s nascent oil and gas industry and said that they will be a part of...
News

Telecoms must meet needs of expanding O&G industry – Cathy Hughes

OilNOW -
Guyana’s Minister of Public Telecommunications, Cathy Hughes, says her ministry is putting much thought into the role it must play in the emerging oil and gas sector. Speaking on the “Budget in Focus” programme on the South American country’s National...
1...870871872...1,032Page 871 of 1,032

Latest News

NewsShikema Dey -

GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13...

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.

Quick Access

Company Info

Social Networks