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Orinduik now looks like a ‘big pool of oil traps’ – Holzman

OilNOW -
CEO of Eco Atlantic Oil and Gas Gil Holzman says that with the rare back to back oil finds in the Jethro-1 and Joe-1 wells in the Orinduik Block offshore Guyana, he believes that this is a portent of...
News

EPA’s 36-person Petroleum Unit won’t be ready in time for first oil – Dr. Adams

OilNOW -
The World Bank is assisting the Environmental Protection Agency (EPA) in Guyana with the establishment of a Petroleum Unit to address oil and gas matters as first oil approaches in the South American country. However, EPA's Executive Director, Dr. Vincent...
Exploration

Joe discovery proves shallow low-cost plays exist in Guyana

OilNOW -
The discovery of 52 feet (16 meters) of continuous high quality oil-bearing thick sandstone at the Joe-1 exploration well offshore Guyana is being viewed as a significant development by the explorers on the block, particularly since it opens a...
News

Sembcorp Marine’s Brazilian shipyard delivers its first FPSO

OilNOW -
Sembcorp Marine’s subsidiary Estaleiro Jurong Aracruz (EJA) has crossed a significant operational milestone with the completion of its first floating production, storage and offloading (FPSO) project. P-68, a newbuild FPSO vessel, left the shipyard on Monday and will be deployed...
News

Int’l experts place keen focus on oil spill safeguards for Guyana

OilNOW -
A number of international experts in oil and gas exploration and production are lending their voices in the conversation of safeguarding Guyana from oil spills and other negative environmental impacts, as the South American nation moves closer to its...
News

Harvey Gulf crew boat will arrive in Guyana soon to support Repsol drill campaign

OilNOW -
US-based Harvey Gulf International Marine is deploying a second vessel to Guyana to support offshore exploration activities in South America’s newest oil and gas hotspot. The 210’ Fast Supply and Utility Vessel is expected to arrive in Guyana on September...
News

ExxonMobil-led consortium wins 3 Brazil deepwater blocks

OilNOW -
An international consortium led by Exxon Mobil Corporation XOM was the main bidder for three ultra-deepwater oil and natural gas units off the coast of Sergipe and Alagoas states during Brazil's first Open Acreage auction. The units are situated close to the...
News

T&T oil decline driving investors to nearby Guyana – Ramnarine

OilNOW -
Trinidad and Tobago (T&T) has seen a stagnation in its oil-based economy in recent years and with little to no new investment opportunities, its businessmen are now flocking the hemisphere’s newest Oil and Gas (O&G) hot-spot—neighbouring Guyana. So says former...
News

Eco Atlantic shares appreciate after Orinduik discovery

OilNOW -
Share prices for Eco Atlantic Oil and Gas (O&G) have appreciated significantly on the stock market, following the discovery of more than 100 million barrels of recoverable hydrocarbons in the Orinduik Block offshore Guyana. According to market reports, the company—co-venture...
News

2% royalty is not Guyana’s entire ‘slice of the pie’

OilNOW -
The 2% royalty to be paid by ExxonMobil to the Guyana Government when oil production begins does not represent the country's entire take from its offshore oil revenues; a critical component of the discussion that is missing from public...
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Latest News

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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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