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Exxon moving to develop Payara by 2023; Guyana oil production could hit 450,000 bpd

OilNOW -
Exxon Mobil Corporation could sanction its third development project offshore the South American country of Guyana as early as 2023. The company’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury told participants during its fourth quarter earnings call...
News

Shell Brazil CEO optimistic about Brazil’s E&P future

OilNOW -
(Hart Energy) For Royal Dutch Shell, 2017 was a good year in terms of E&P activities in Brazil. Ranking as the second largest oil-producing company in Brazil, after acquiring BG Group’s assets in the country, the British-Dutch major increased...
News

Stabroek Block: Exploration Highlights

OilNOW -
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
Opinions

Of Disclosures and Confidentiality

OilNOW -
The public enjoys the right, not a privilege, to know about the decisions of its elected representatives and the government, which is acting on their behalf.  The exercise of this right is, however, circumscribed by a range of sensitive...
News

MSGB Basin shows new West African promise

OilNOW -
(Hart Energy) At night from space it’s easy to see why Africa is called the “Dark Continent,” but bright oil and gas lights are starting to flicker in West Africa, reflecting huge hydrocarbon potential that could still play an...
News

ExxonMobil courts Guyanese companies for support contracts

OilNOW -
US oil major ExxonMobil has begun to up the ante in its push to sensitize the Guyanese business community of opportunities during its exploration and development phases in the coming decades and is in fact encouraging private companies from...
News

Saipem awarded US$400M ECP contract by Saudi Aramco

OilNOW -
Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. The contract’s main scope of work includes the engineering,...
Industry Insight

Guyana, get ready for a wild ride!

OilNOW -
This is the first of several columns that I will be contributing to OilNOW. Allow me to introduce myself. Very briefly, my 40-year background in this industry is comprised primarily of positions in the service and supply facet of the...
News

If oil triggers loss of agriculture Guyana could face social, economic upheaval

OilNOW -
As Guyana gears up to be a significant oil producer in the Caribbean and Latin American region, warnings about the potential neglect of other sectors, such as agriculture, and the resulting impact this could have on the country of...
Opinions

O&G food production synergy

OilNOW -
“To be interested in food but not in food production is clearly absurd,” sums up the eternal obligation of any responsible population and their leaders who must give priority to food availability and food affordability. For decades, Guyana has...
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Hess spent most of its Q1 2025 capital budget on Guyana

Hess Corporation directed the majority of its capital and exploratory expenditures in the first quarter of 2025 to operations...

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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