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Guyana oil barrels help Hess offset low prices as profits settle at US$119M

OilNOW -
American oil producer, Hess Corporation reported on Wednesday that it made a net income of US$119 million, or US$0.39 per share, in the second quarter of 2023. This represents a significant dip in revenues when compared with net income...
News

Hess’ carbon credits deal with Guyana outweighs its 2022 global emissions almost 10 times

OilNOW -
Hess Corporation's decision to buy carbon credits from Guyana will result in an emissions ‘offset’ that is nearly 10 times the company’s total global emissions in 2022. The New York-based global independent energy company has partnered with the government...
Exploration

OSV Horn Island vessel leading deepwater development at Liza Field

OilNOW -
The OSV Horn Island vessel will be continuing deepwater development at Guyana’s Liza Field located in the offshore Stabroek Block.  A recent notice by the Maritime Administration Department (MARAD) outlined that activities will conclude at the site on December 31.  The...
News

With a population roughly that of Nottingham, Guyana on the verge of producing more oil per person than anywhere else in the world –...

OilNOW -
Based on current output across the region, Guyana is expected to become the second-largest oil producer in South America after Brazil, with its oil production projected to reach 1.2 million barrels per day (bpd) by 2027. When it reaches...
News

40+ Mount Sinai experts helping Guyana raise healthcare standard under Hess initiative

OilNOW -
Hess Corporation says more than 40 leading healthcare experts from Mount Sinai have been deployed to Guyana. These specialists have been entrusted with the task of building a high-quality primary care system and introducing specialised services in cardiology and...
News

Exxon seeking local contractor to build access road for its new office complex in Guyana

OilNOW -
ExxonMobil Guyana is actively seeking the services of a Guyanese contractor for the construction of a critical access road to its Ogle operations centre, currently under construction. In a bid to streamline the selection process, the company has recently...
News

Sierra Leone hoping to recreate Guyana’s exploration bounty

OilNOW -
Following remarkable successes in the deepwater plays of South America, Sierra Leone is hoping to mirror the fortunes of Guyana, aiming for an exploration boom in its prolific oil and gas fields. In recent years, the Guyana-Suriname basin has witnessed...
News

Guyanese suppliers being sought to craft local content framework for Exxon’s new FPSO builder

OilNOW -
MODEC’s local affiliate, MODEC Guyana Inc., is moving to craft its local content compliance strategy in line with legal requirements. The company is setting up shop in Guyana, after being hired to build and deliver the Errea Wittu floating...
News

Noble rig conducting operations at Payara as first oil nears

OilNOW -
Development drilling operations remain in high gear at ExxonMobil’s latest project off the Guyana coast, set to come online later this year. The Noble Bob Douglas will conduct activities which will conclude on August 31, according to a notice from...
News

Guyana barrels reviving Latin America’s oil production

Shikema Dey -
‘Likkle but you tallawah’ is a common patois saying for things that should not be underestimated. And Guyana falls right into that category. The South American nation is shedding its newcomer status to the global oil industry, having entered...
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Latest News

NewsOilNOW -

Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

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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