Showing results for:

News

Hess upbeat on earnings as drill campaigns move forward at Stabroek Block

OilNOW -
American exploration and production multinational, Hess Corporation, reported on Wednesday said that it had a net income of US$265 million, or US$0.85 per share, in the fourth quarter of 2021, compared with a net loss of US$97 million, or...
News

Contract for Yellowtail FDP review attracts companies from across the world

OilNOW -
Guyana’s National Procurement and Tender Administration Board (NPTAB) on Thursday received technical and financial proposals from around 12 companies from across the world, including one local firm, for the review and evaluation of the Field Development Plan (FDP) for...
Opinions

Will these pillars support Guyana’s oil industry?

OilNOW -
By Dr. Lorraine Sobers - OilNOW Guyana is the steward of astounding natural resources, luscious rainforest, gold, diamond, bauxite and hydrocarbon deposits. The industries built on these natural resources all have environmental and stewardship challenges. The excitement of Guyana’s oil...
News

‘If not now, then when’: Guyana gov’t targeting 50 million barrels by 2026

OilNOW -
The number of major oil projects to be sanctioned globally in 2022 is anticipated to be in the mid-30s, double the 2021 figure and higher than pre-covid levels; a possible sign of an ‘if not now, then when’ mentality,...
News

Oil locks Guyana in “boom cycle”; forecast to achieve world’s highest GDP growth rate

OilNOW -
Guyana’s development partner, the World Bank, has noted that the South American nation is locked in a “boom cycle” due to its oil resources and is therefore projected to achieve the highest Gross Domestic Product (GDP) growth rate in...
Exploration

Analysis points to massive Guyana basin oil resources, huge production estimates

OilNOW -
An analysis written by The Value Portfolio, published on crowd-sourced content service provider Seeking Alpha says Guyana is a game-changer and is defining a new era for ExxonMobil with current discovered assets touching almost 11 billion barrels stretched across...
News

“We have the best cash flow story in the business” says Stabroek Block co-venturer

OilNOW -
After years of strategic investments behind exploration and development efforts in Guyana’s Stabroek Block, Hess Corporation declared 2022 as the year it reaps the billion-dollar rewards of its patience and labour. According to its Chief Executive Officer (CEO), John Hess at...
News

FPSO contracts surge; Guyana contributing to global total this year – Rystad Energy

OilNOW -
The market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, with 10 new awards expected, according to a Rystad Energy report. Two lease...
News

Exxon’s latest discoveries add to 26 commercial finds in Guyana – oil minister

OilNOW -
The two oil discoveries announced by ExxonMobil on Wednesday add to 26 commercial finds in Guyana which the Ministry of Natural Resources said will further strengthen the South American country’s position as a major new oil and gas hotspot. Exxon...
Exploration

Drilling operations at Stabroek Block in high gear

OilNOW -
Drilling activities at the Stabroek Block offshore Guyana continue in earnest with a series of exploration, appraisal and development campaigns underway. ExxonMobil, operator of the 6.6 million acres block, is undertaking exploration drilling operations at Fangtooth-1, Lau Lau-1 and barreleye-1....
1...888990...126Page 89 of 126

Latest News

NewsOilNOW -

SBM Offshore’s Blue Ammonia FPSO design wins ABS approval

SBM Offshore has received approval in principle from the American Bureau of Shipping (ABS) for a new floating production,...

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