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Exploration

Supermajor Chevron eyeing Guyana prospects

OilNOW -
US supermajor Chevron is looking to participate in offshore activities in Guyana, making it the third oil major that views the South American country as a favourable location. Total recently moved towards entering an agreement with Eco Atlantic on the...
News

Tullow gunning for oil this month at Suriname’s Araku prospect

OilNOW -
Tullow oil is hoping to strike it big offshore Suriname at the Araku oil prospect on Block 54, set to begin early this month. The UK-based oil and gas exploration company is targeting a Jubilee look-alike play in the continental...
Opinions

Bank account for every baby, free education and better infrastructure; Guyanese vision for oil money mixed

OilNOW -
UPDATE: This report was first published on September 23, 2017. Oil production in Guyana started on December 20, 2019 at the Liza Phase 1 Development. As preparation for oil production in Guyana continues, the view of the population regarding what...
News

TechnipFMC awarded EPCI contract for Husky Energy West White Rose project

OilNOW -
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and...
Featured

Texas visit was part of ongoing dialogue between ExxonMobil & Guyana

OilNOW -
The recent visit to ExxonMobil’s Houston, Texas campus by a team of Guyanese officials was part of ongoing dialogue, project updates and capacity building related to offshore deep-water activities being undertaken by the US super-major in the South American country. OilNOW...
News

No basis for renegotiating ExxonMobil contract says Guyana’s Finance Minister

OilNOW -
Guyana’s Minister of Finance, Winston Jordan, says there is absolutely no basis for a renegotiation of the contract between the country and US super-major ExxonMobil, for oil production set to begin in 2020. The South American country is expected to...
News

Saipem awarded offshore contract variations worth $900M

OilNOW -
Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean...
News

ExxonMobil, Guyana officials “excited” about new discovery

OilNOW -
The announcement on Tuesday by ExxonMobil of a new oil discovery at the Payara-2 well has reinforced a widely held belief that significantly more oil than what has so far been detected may lie beneath the Atlantic Ocean offshore...
Discoveries

BREAKING: Exxon discovers more oil at Payara; pushing total to 500 million barrels

OilNOW -
ExxonMobil Corporation today announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. The company said these positive well results increase the estimated gross recoverable resource for...
News

ExxonMobil gunning for pay sands at Payara-2 well

OilNOW -
Following on the success of the Liza, Payara and Snoek wells offshore Guyana, US super-major ExxonMobil and its partners Hess and CNOOC Nexen will soon commence a new drilling campaign hoping to further solidify its previous discoveries. On June 20, ExxonMobil...
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Latest News

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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and 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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