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Guyana is the fastest growing economy in the world – says Nasdaq contributor

OilNOW -
Fueled by mega oil discoveries and production set to hit close to 1 million barrels per day by the mid-2020s, the South American country of Guyana is listed at number 1 among the 5 fastest growing economies in the...
Exploration

Multiple play types with an 87% success rate make Guyana a unique frontier

OilNOW -
The resource growth in Guyana’s Stabroek Block is being described as ‘staggering’ by a top official at US oil major ExxonMobil who says while the average success rate in a frontier area is 10%, the company has had an...
News

Court ruling puts early elections back on front burner in oil-rich Guyana

OilNOW -
With Guyana being just months away from first oil, the country is also now facing an early election in just as little time.  On Tuesday the Caribbean Court of Justice (CCJ) ruled on a trio of cases related to...
News

Stabroek reservoirs expected to deliver high production rates – Hess

OilNOW -
The deepwater reservoirs in Guyana’s Stabroek block where more than 5.5 billion barrels of oil have been found rank among the best in the world for quality and are expected to deliver high productivity. This is according to Chairman...
News

UNDP, Guyana Dept. of Energy discuss ‘value for money’ in oil sector

OilNOW -
The United Nations Development Programme (UNDP) and Guyana’s Department of Energy (DE) have committed to continue working closely on matters related to the strengthening of the South American country’s oil and gas framework. DE Director Dr. Mark Bynoe received a...
News

CNOOC seeking coordinator to lift its share of Guyana oil

OilNOW -
Chinese oil company CNOOC is looking for a coordinator to lift is share of oil when production gets underway at the 120,000 bpd Liza Phase 1 Development project offshore the South American country of Guyana. In a notice published in...
News

Hess doesn’t expect court ruling on no confidence vote to affect Guyana operations

OilNOW -
Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court of Justice (ICJ) on a no-confidence vote, to affect oil operations. Company officials were asked on...
News

Future oil discoveries at Stabroek could run into billions of barrels

OilNOW -
Hess Corporation, a 30 percent stakeholder in the prolific Stabroek Block offshore Guyana, believes more mega oil deposits are still to be found in the 6.6 million-acre block. “Gross discovered recoverable resources on the block are estimated to be more...
News

Nigeria oil minister says Exxon not leaving

OilNOW -
Reports that US oil major ExxonMobil was mulling the sale of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin are untrue,...
News

New milestone at Stabroek as first subsea tree installed

OilNOW -
The Liza Phase 1 Development has reached another incredible milestone—installation of the first subsea tree. A subsea tree monitors and controls the production of a subsea well. Affixed to the wellhead of a completed well, it can also manage fluids...
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Greenidge cautions Venezuela: An attack on Guyana’s EEZ is an attack on U.S. assets  

Carl Greenidge, Guyana’s agent in the International Court of Justice (ICJ) case regarding the border controversy with Venezuela, has...

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