Showing results for:

News

Guyana considers export of excess cooking gas to Caribbean, Northern Brazil

OilNOW -
Guyana's Vice President Dr. Bharrat Jagdeo said the demand for excess gas from the country's mega Gas-to-Energy initiative is secure for the 20-year life of the project, as the government has received several expressions of interest. With key preparatory...
News

Stena DrillMax deployed for development drilling at Yellowtail site 

OilNOW -
The MODU Stena DrillMax will be used to continue development drilling activities at ExxonMobil Guyana’s Yellowtail well site in the offshore Stabroek Block.  An April 27 Notice to Mariners by the Maritime Administration Department (MARAD) said the exercise will conclude...
News

Liza Unity to produce 250,000 bpd by year-end – Hess COO

OilNOW -
Guyana’s Liza Phase 2 Project and its accompanying Liza Unity production vessel are expected to undergo a series of maintenance and debottlenecking activities that will push production from 220,000 barrels of oil per day (bopd) to 250,000 bopd by...
News

Guyana issues Uaru production license; Hess follows Exxon with FID

OilNOW -
Guyana’s Ministry of Natural Resources (MNR) announced approval of the Uaru Field Development Plan and the issuance of the Uaru Petroleum Production License, on April 28.  Hess Corporation, a 30% stakeholder in the project, said it made a final investment...
News

Guyana grants environmental permit for Exxon’s fifth deep water project Uaru

OilNOW -
Guyana's Environmental Protection Agency (EPA) moments ago approved ExxonMobil's fifth Stabroek Block development, Uaru. This will take production above one million barrels per day. The new permit has these key updates as noted in the EPA's release: Flaring Like its predecessors,...
News

Hess nets $1.13 per share in Q1, 2023

OilNOW -
American oil producer Hess Corporation disclosed on April 26 that it earned net income of US$346 million, or US$1.13 per share, in the first quarter of 2023, compared with net income of US$417 million, or US$1.34 per share, in...
News

250,000 bpd Uaru project expected to be approved this week – Hess Boss

OilNOW -
The Government of Guyana is expected to provide approval this week for Uaru, the fifth project in the Stabroek Block, says Hess Corporation’s Chief Executive Officer (CEO), John Hess.  During his company’s 2023 first quarter earnings call on Wednesday, Hess...
Discoveries

Exxon strikes oil at Lancetfish-1 well

OilNOW -
Hess Corporation on Wednesday announced a new oil discovery at the Lancetfish-1 well on the Stabroek Block, offshore Guyana. The Lancetfish-1 well encountered approximately 92 feet of oil-bearing sandstone reservoir. The well was drilled in 5,843 feet of water by...
News

Guyana gov’t keeping with new reporting obligations for oil wealth

OilNOW -
Guyana’s Minister of Parliamentary Affairs and Governance, Gail Teixeira on behalf of Senior Finance Minister Dr. Ashni Singh tabled a Notification of Receipts to the National Assembly, of all petroleum revenues paid into the Natural Resource Fund (NRF) during...
News

Guyana’s oil boom freeing up finance to catalyse other extractives 

OilNOW -
ExxonMobil’s Stabroek Block operations are not only injecting new life into Guyana’s construction, agriculture, and tourism industries, but its mining sector too. According to Atrium Research Corporation (ARC), a trusted provider of analysis for public equities in North America,...
1...126127128...329Page 127 of 329

Latest News

NewsOilNOW -

Applications open for GTTCI Instructor roles to support offshore oil training

The Government of Guyana is inviting applications for eight Instructor positions at the new Guyana Technical Training College Incorporated...

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