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ExxonMobil begins oil production at Hebron Field

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) today announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. Discovered in 1980, the Hebron field is estimated to...
News

Guyana plans to revise PSA model to ensure nation gets fair share of resource wealth – Finance Minister

OilNOW -
The Guyana Government has announced a revision of the way it conducts business with Oil and Gas Exploration Companies, through its use of Production Sharing Agreements (PSA). The announcement was made on Monday as Minister of Finance, Winston Jordan, presented...
Opinions

Oil-Food Production Bridge

OilNOW -
Long recognized is the fact that sustainable food production is critical to the economic and social wellbeing of any country. Further, it would be a case of callous neglect if any nation, with its natural wealth of arable land...
Industry Insight

“Elephant Man” says Guyana-Suriname Basin has big potential

OilNOW -
Canadian oil and gas consultant Rob Strong is adamant that much more oil will be found in the Guyana-Suriname Basin, in keeping with his view that the world class Liza discovery is like an elephant; and “elephants don’t travel...
Discoveries

Partners fast-tracking second Liza FPSO

OilNOW -
ExxonMobil is fast-tracking a second floater project for Guyana’s Liza area development amid suggestions that the next unit will be significantly larger than the 120,000-barrels-per-day Liza-1 unit. According to an Upstream report, plans for a second floating production, storage and...
News

Repsol wins Petroleum Economist Award

OilNOW -
Repsol’s issue of certified green bonds, the first of its kind in the global oil and gas sector, has won the recognition of Petroleum Economist magazine. The company has a Production Sharing Contract (PSC) with the Guyana Government to explore...
News

Noble to begin drilling Liza phase 1 wells in 2018

OilNOW -
ExxonMobil has contracted Noble Corporation for drilling of the Liza Phase 1 development wells set to begin in 2018. OilNOW understands the Noble Bob Douglas drill ship will begin its campaign by Q2 2018 and the contract is expected to...
Industry Insight

Guyana, get ready for a wild ride!

OilNOW -
This is the first of several columns that I will be contributing to OilNOW. Allow me to introduce myself. Very briefly, my 40-year background in this industry is comprised primarily of positions in the service and supply facet of the...
News

SBM seeking manpower services for Liza Destiny as conversion of VLCC begins

OilNOW -
SBM offshore subsidiary; Guyana Deep Water Operations Inc. (GDO), is inviting companies to bid for the provision of manpower services for the operation of the Liza Destiny FPSO, scheduled to arrive in Guyana late 2019. GDO said via a public...
News

Hess says production halted at several locations following Gulf of Mexico fire

OilNOW -
Hess Corporation (NYSE: HES), a 30 percent stakeholder in the Stabroek Block offshore Guyana, said on Monday that production has been halted at several locations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov....
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Latest News

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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...

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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