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Guyana poised to be world’s largest oil producing country per person in 2020s

OilNOW -
Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among just 770,000 people, is set to be the world’s largest oil producing country per person...
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Exxon explores selling U.S. Gulf of Mexico assets

OilNOW -
(Reuters) - Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher oil prices prompt the world's largest publicly listed oil company to review its portfolio, people familiar with the matter said...
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Oil company suing government over decision to stop issuing new exploration permits

OilNOW -
(RNZ) A New Zealand-owned oil and gas company that missed out on an oil exploration permit is suing the government for breach of procedure. Greymouth Gas Turangi missed out on a permit in last year's offer, and now wants its...
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In South America ExxonMobil’s success makes Guyana-Suriname Basin second only to pre-salt Brazil – GlobalData

OilNOW -
Following the recent Hammerhead-1 discovery by ExxonMobil in the Stabroek block in Guyana, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offered his view on the impact this could have on the upstream...
News

Exxon’s 2017 Guyana oil discoveries place country among top 3 globally for that year

OilNOW -
Although 2017 was yet another record low year for discovered conventional oil volumes globally, Guyana was among the top three countries where recoverable resources were found. “We haven’t seen anything like this since the 1940s,” says Sonia Mladá Passos, Senior...
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Reducing revenue leakage among Energy Dept top priorities

OilNOW -
Among the top priorities for recently appointed Head of the Government’s Energy Department, Dr. Mark Bynoe is “reducing revenue leakage” or the unnoticed or unintended loss of revenue. Dr. Bynoe was appointed to lead the department which was set up...
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Deep-water feeding frenzy in South America as Brazil and Guyana lead enthusiasm

OilNOW -
Good reservoir quality and improved upstream terms have combined with cost declines and firmer oil prices to spark enthusiasm for deep offshore oil exploration in South America. According to a report in the Petroleum Economist, analysts say that while the...
News

CNOOC considering selling US oil assets as Guyana discoveries redefine company’s perspective

OilNOW -
China’s CNOOC which owns a 25 percent interest in the Stabroek Block offshore Guyana is considering selling parts of its U.S. oil assets in the Gulf of Mexico, Reuters reported a company spokesperson as saying on Thursday.  The spokesperson...
News

World Bank funding to help expedite ExxonMobil cost recovery audit

OilNOW -
Guyana’s Opposition Leader, Bharrat Jagdeo, had suggested that the Government should consider hiring external experts to audit the pre-production cost incurred by ExxonMobil in its operations offshore, particularly since the Guyana Revenue Authority (GRA) is already overburdened with work. In...
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“We work with an ethical supply chain that values women, men and different races” – Saipem President

OilNOW -
Italian oil and gas industry contractor, Saipem, on Tuesday facilitated a safety leadership forum in Guyana at ExxonMobil’s Centre for Local Business Development. Saipem is one of the primary contractors for the US oil major in Guyana and was recently awarded...
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Latest News

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Exxon ramping up capacity to produce nearly 2.2 million boe/d in Guyana by 2030

ExxonMobil Guyana is on track to ramp up its capacity to produce oil, condensate and gas at almost 2.2...

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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