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“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...
News

CNOOC targeting 227 exploration wells in 2020

OilNOW -
CNOOC Limited plans to ramp up its exploration programme in 2020 as multiple projects come on stream, including the Liza Phase 1 Development in Guyana’s Stabroek Block where the company has a 25% stake. The Company’s targeted net production for...
News

Hull for 220,000 bpd Liza Unity FPSO arrives in Singapore

OilNOW -
After a journey of 2,300 nautical miles, the Fast4Ward® hull for the Liza Unity FPSO - ExxonMobil's second development offshore Guyana - has safely arrived at Keppel shipyard in Singapore, from China. This is SBM Offshore’s first generic hull, the...
News

ExxonMobil has opened up a new oil province in South America with untold potential

OilNOW -
Decades of failed attempts to find oil in the Guyana-Suriname basin saw companies bailing out and disappointment mounting, with many persons, ranging from laymen to experts, concluding that striking black gold in this frontier was unlikely and way too...
News

Guyana oil strikes help push global discoveries to 4-year high – Rystad Energy

OilNOW -
The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100...
News

Stabroek Block and the Liza oil field

OilNOW -
Spread over 26,800km² in Guyana’s offshore waters, the Stabroek Block is estimated to contain more than six billion barrels of oil equivalent as of 2019. Drilling has been ongoing to explore and evaluate other potential areas of the block. Liza...
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TechnipFMC reports strong Q3 2025 results driven by subsea growth

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net...

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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