Showing results for:

News

Liza Phase 1 cost expected to be around US$1 billion below budget

OilNOW -
Development cost for the 120,000 barrels per day Liza Phase 1 project offshore Guyana has been reduced by close to US$1 billion according to an official of Hess Corporation, a 30 percent co-venturer at the 6.6 million acres Stabroek...
News

Brazil to stay out of OPEC to make the most of output expansion

OilNOW -
(Bloomberg) Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC. The South American nation expects to be among the top-five energy exporters by 2030, and is tapping private...
News

Extracting multi-billion-barrel oil resource at optimum pace key to maximising value – Exxon

OilNOW -
With several billion barrels of oil equivalent already discovered and the potential for more being found remaining high, developing the resources at optimum pace will ensure highest returns for the South American country of Guyana and the Stabroek Block...
News

DE to collaborate with transparency body for disclosures on Guyana’s oil sales

OilNOW -
As the Guyana government prepares to sell its first oil lift from the Liza Phase 1 development in the prolific offshore Stabroek Block, the Department of Energy sees collaboration with the Guyana Extractive Industries Transparency Initiative (GYEITI) as integral...
News

Guyana oil production could’ve started in 2024 – Liam Mallon

OilNOW -
Average industry performance would’ve seen Guyana becoming an oil producing nation until almost the middle of the decade if efforts to safely fast-track the Liza Phase 1 Development were not made by stakeholders. Speaking to a room filled with guests...
News

“Don’t spend money you don’t have’ warns oil expert

OilNOW -
Guyana, now poised to be the biggest per capita oil producer in the world in coming years, has a unique opportunity having now entered the oil and gas industry, to learn from the multitude of mistakes made by other...
News

Giant Liza Phase 2 project among top 15 approved worldwide for 2019 – Rystad Energy

OilNOW -
Energy sector analyst Rystad Energy has ranked the Liza Phase 2 development at the 6.6 million acres Stabroek Block offshore Guyana as being among the top 15 approved offshore projects in the world for 2019 in terms of capital...
News

More time granted to Tullow for drill or drop decision on Jamaica exploration

OilNOW -
United Oil & Gas PLC said Tuesday that the Production Sharing Agreement on the Walton Morant Basin offshore Jamaica, operated by Tullow Jamaica Ltd and in which United has a 20% interest, has been amended to extend the Initial Exploration Period during which...
News

Jamaica trade mission heading to CARICOM’s newest oil producer this month

OilNOW -
A delegation of around 16 Jamaican companies will visit the South American country of Guyana this month in pursuit of mutually beneficial business opportunities between the CARICOM neighbours. The visit by the Jamaican delegation to the region’s newest oil producing...
Exploration

Apache defies skeptics with major South American oil discovery

OilNOW -
(Bloomberg) Apache Corp. proved skeptics wrong with a major discovery off the northeast coast of South America, a hotly anticipated oil target that investors had feared would be another flop for the U.S. producer. The update on the Maka Central-1 well...
1...312313314...378Page 313 of 378

Latest News

NewsOilNOW -

Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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