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Lack of funds to move country forward will be thing of the past – US Ambassador

OilNOW -
US Ambassador to Guyana, Perry Holloway, believes the country can expect “exciting times ahead”, as it moves towards becoming one of the largest oil-producing nations in the region. He was speaking at the US Embassy’s Independence Day celebrations held at...
News

ExxonMobil Senior VP calls on Guyana’s President

OilNOW -
Guyana’s President David Granger, on Thursday, received a courtesy call from Senior Vice President of Exxon Mobil Corporation, Neil Chapman, who is in Guyana to familiarise himself with the operations, having recently taken over responsibilities for the global upstream...
News

Hundreds of Norway oil workers go on strike, Shell shuts Knarr Field

OilNOW -
(Reuters) Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. One union said...
News

Rystad Analyst: “We need to incentivize people to come and invest’

OilNOW -
Guyana is a frontier country in terms of oil and gas and as such the fiscal regime offered to international exploration companies needed to be attractive as the area was yet to be derisked. In light of this, Guyana...
News

Potential for more oil discoveries in Guyana at all-time high – Industry Analyst

OilNOW -
Just over three years ago the South American country of Guyana was little known around the world and completely off the radar of petroleum-producing nations. But with the giant oil discovery at the Liza field in 2015 that has...
News

SBM awarded contract for second Liza FPSO in Guyana

OilNOW -
SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
News

Hess sells off interest in Utica shale to help fund Guyana, Bakken projects

OilNOW -
Hess Corporation (NYSE:HES)  announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our...
News

Suriname Staatsolie enters production sharing agreement with Carin Energy

OilNOW -
Staatsolie Maatschappij Suriname N.V. and its new partner UK-based Cairn Energy signed a production sharing contract for offshore Block 61 on June 26. Cairn Energy will search for oil in offshore Suriname. In a statement Staatsolie said Cairn will kick-off...
Opinions

Suriname Dry Holes: “Do not despair!” – Elephant Man, Rob Strong

OilNOW -
The following is an extract from a previous article I contributed to for OilNOW in November 2017.  “Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with...
News

Jack up and semi-submersible rig options look promising for Eco Atlantic – Colin Kinley

OilNOW -
Eco (Atlantic) Oil and Gas’ Chief Operating Officer Colin Kinley said that both jack up and semi-submersible drilling targets in the Orinduik block offshore Guyana reflect very positive economics for development. Kinley said, "Exxon's Longtail-1 discovery in the Stabroek Block, further...
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Latest News

NewsShikema Dey -

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer 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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