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Exxon will begin new drilling foray at Pacora prospect in Guyana this week

OilNOW -
ExxonMobil Guyana is set to continue its search for more oil off the coast of the South American country this week in a new foray at the Pacora prospect located some 4 miles from the Payara discovery. A notice published...
News

Schlumberger to exit land, marine seismic acquisition business

OilNOW -
(Hart Energy) Schlumberger Ltd. (NYSE: SLB) has decided to exit the land and marine seismic acquisition business, which has been battered by the downturn and faces an uncertain future. The business segment is the Houston-based company’s only product line that fails...
News

Public engagement underway for Liza Phase 2 environmental authorization

OilNOW -
Officials from ExxonMobil Guyana were part of a team that recently met with stakeholders in Regions Five and Six for discussions on the impact of a potential Liza Phase 2 Development project. This Public Scoping Mission is being hosted in...
News

Deepwater Horizon claims facility approaches closure; BP to take $1.7B post-tax non-operating charge

OilNOW -
The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business...
News

GIPEX will play key role in showcasing Guyana – Exxon Country Manager

OilNOW -
Strategic Partner of the Inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX) - ExxonMobil Guyana - expects the event to play a key role in showcasing the South American Country of 750,000 people. Speaking at the official launch of...
News

Guyana could increase financial support to CARICOM from oil revenues – VP Greenidge

OilNOW -
The Caribbean Community (CARICOM) has not formally approached the Guyana Government regarding its increased contribution to the regional 13 member bloc of nations in light of its imminent influx of revenues from its oil and gas industry set to...
News

SeaRose FPSO operations suspended in Canada

OilNOW -
(Maritime Executive) The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has suspended operations at Husky Oil Operations' SeaRose FPSO after investigation into an incident last year when an iceberg entered the vessel's 0.25 nautical mile Ice Exclusion Area. The SeaRose FPSO is located in...
News

Norway hands out 75 new production licenses in record breaking round

OilNOW -
(Rigzone) Thirty-four companies have been offered a total of 75 new production licenses on the Norwegian Continental Shelf (NCS), in a record breaking APA (Awards in Pre-defined Areas) round. “Never before have this many production licenses been awarded in an...
Exploration

ExxonMobil signs deal for deepwater oil exploration off Ghana

OilNOW -
(Reuters) - Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender...
News

Motivated by Exxon’s discoveries; Tullow Oil, Eco Atlantic eyeing Orinduik Phase Two

OilNOW -
Exploration partners Tullow Oil plc and Eco (Atlantic) Oil & Gas Ltd have decided to move the Orinduik project, offshore Guyana, into Phase Two of its license, committing to a new programme of seismic exploration to gather at least...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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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