Showing results for:

Uncategorized

Royalties and taxation policies for Guyana’s oil sector

OilNOW -
Successive Guyanese governments will essentially be relying on royalty and taxation measures to capture a “reasonable” share of the economic rents from Guyana Basin oil exploitation. This practise has also been followed by other host governments in geographic areas...
News

Positive O&G outlook will drive Guyana’s GDP higher over next 10 years – Fitch Solutions

OilNOW -
Financial information services provider Fitch Solutions says the first oil discovery outside the Stabroek block will serve to buoy investor sentiment to projects in deepwater Guyana more broadly while pointing out that the positive outlook for oil and gas production will...
News

Tullow days away from spudding 2nd wildcat off Guyana coast

OilNOW -
Tullow Oil will soon spud its second wildcat at the 1800 km2 Orinduik Block offshore Guyana with results expected in mid-September. Junior partner on the block, Eco Atlantic Oil and Gas, says the Stena Forth drillship, which made the...
News

Exxon Country Manager talks up safety

OilNOW -
ExxonMobil Guyana has reemphasized its commitment to a culture of safety by staging a related workshop for contractors today at the Guyana Marriott Hotel. The Contractor Safety Management Workshop focused on integrated planning, safe execution of work and safety leadership...
News

Guyana delegation all set for UK O&G conference

OilNOW -
The Georgetown Chamber of Commerce and Industry is currently seeking to strengthen its relationship with international oil and gas companies, as well as increase Guyana’s prominence as a prime location for foreign investment, by attending an upcoming major oil...
News

Guyana on the radar of every major oil company in the world

OilNOW -
The South American country of Guyana is on the radar of every major oil company in the world now that a total of 14 discoveries have been made offshore in just four years and it has been proven that...
News

Guyana oil prospects rapidly expanding with huge potential for national development

OilNOW -
Just over 4 years ago Guyana was virtually unknown in the world of oil and gas with no proven oil reserves and scores of failed attempts to find this precious commodity. Fast-track to 2019 and 15 percent of conventional...
News

Over 100 million barrels at Jethro; Tullow looking at standalone development

OilNOW -
(S&P Global Platts) Independent explorer Tullow Oil has made a significant oil discovery in its block in Guyana, which could hold over 100 million recoverable barrels, it said Monday. The company is "confident of the commercial value" of this prospect...
Exploration

Jethro oil deposit is like a 15-story high building stretching 20 km wide – Holzman

OilNOW -
Fifteen stories high and over 20 km wide, full of oil. That is the description given by Gil Holzman, Chief Executive Officer and Co-founder of Eco (Atlantic) Oil and Gas - junior partner in the 1800 km2 Orinduik Block...
Exploration

Yellowtail, Tilapia are biggest ‘high-impact’ oil discoveries so far for 2019

OilNOW -
ExxonMobil’s discoveries at the Yellowtail and Tilapia wells in the Stabroek Block offshore Guyana were the largest made in the first half 2019. Westwood Global Energy Group, in a report published on August 12, said high-impact exploration drilling activity increased substantially...
1...333334335...387Page 334 of 387

Latest News

NewsOilNOW -

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...

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