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ExxonMobil & Synthetic Genomics modify algae to produce twice as much oil

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ExxonMobil and Synthetic Genomics Inc. on Monday announced a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth. Using advanced cell engineering...
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Guyana must put ego aside and hire professionals to negotiate with ExxonMobil – Attorney-at-Law

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Prominent Guyanese Attorney-at-Law, Nigel Hughes, says the country’s government must put ego aside and take steps to hire experts who can advise on negotiations with US super-major, ExxonMobil. Mr. Hughes, a Director on the board of the Guyana Oil...
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Guyana team off to Canada for oil & gas conference

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A team from the Guyana Oil and Gas Association (GOGA) left for Canada on Sunday to attend the Newfoundland & Labrador Oil & Gas Industries Association (NOIA) 2017 Conference which will be held in St. Johns, Newfoundland, from June...
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450 million barrels of oil will be produced in Phase-1 Liza development

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Approximately 450 million barrels of oil will be produced in the first phase of the Liza oil field development, 120 miles offshore Guyana. The Liza Phase 1 development includes a subsea production system and a floating production, storage and offloading...
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ExxonMobil makes final investment decision for Liza phase-1 development

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Exxon Mobil Corporation said Friday it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The announcement comes...
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Guyana grants ExxonMobil Production Licence

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Guyana's Ministry of Natural Resources this evening announced that it has approved the ExxonMobil Liza Phase 1 development plan and has issued a Production License to the company. This is an important milestone towards the first phase of oil...
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Oil & gas body to stage public lecture on local content in Guyana

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As interest surrounding local content in Guyana continues to heighten, the Guyana Oil & Gas Association (GOGA) will be staging a public lecture on Friday in the country’s capital, Georgetown, to discuss this. The Association said in a press statement...
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TechnipFMC awarded extension on EPCI contract with Statoil

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TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees...
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Qatar Petroleum and Shell enter LNG marine fueling venture

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Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. (Shell) on Tuesday signed a framework agreement to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure at strategic shipping locations across the globe. LNG...
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Guyanese businesses willing to “buddy” with Trinidad for oil & gas opportunities

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The business community in Guyana was abuzz over the last two days as a 25-member trade delegation from neighbouring Trinidad & Tobago flocked to the country. The Trinidadians have been showing a keen interest in getting involved in Guyana’s...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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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