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Oil will be used to uproot historic impediments to broad-based economic growth – Guyana Finance Minister

OilNOW -
In an effort to set the stage for a diversified economy with competitive industries, Guyana’s Senior Finance Minister, Dr. Ashni Singh, said the government will use a portion of the oil wealth to uproot historic impediments to broad-based economic growth. Specifically,...
News

‘Safety culture changing in Guyana’ – 30 more businesses graduate Centre’s HSSE program

OilNOW -
The Centre for Local Business Development (CLBD) held its HSSE Management System Awards at the Marriott Hotel on Thursday. It celebrated 30 companies who completed the Health, Safety, Security and Environment (HSSE) programme this year. HSSE is invaluably important to...
Exploration

Exploration results show emergence of deeper plays in Guyana-Suriname basin – Westmount Energy

OilNOW -
Exploration drilling results for the Guyana-Suriname basin support the presence of extensive and deeper plays. This much is evident to Westmount Energy, a UK-based investment firm with exposure in several blocks in the basin. Westmount said one only ought to...
News

Guyana delivering over 10 million barrels of oil per month to world market racked by shortages

Kemol King -
The radical re-organisation of energy markets continues to pose a challenging task, nine months after Russia first invaded Ukraine. At a time when these markets are wallowing in thirst for crude barrels from friendly producers, Guyana’s quickly growing global...
News

G-Boats has 18 vessels operating in Guyana with local workforce exceeding 300

OilNOW -
Since its opening in 2018, Edison Chouest Offshore’s local affiliate – G-Boats – has accumulated a total of 18 vessels operating offshore Guyana in support of ExxonMobil’s Stabroek Block exploration and production activities. Those 18 vessels have a total of 381...
News

Over US$127 million spent by Exxon, contractors in Guyana during first half of 2022

OilNOW -
For the first half of 2022, ExxonMobil Guyana and its contractors spent over US$127 million (GY$26.5 billion) on Guyanese suppliers The Stabroek Block operator has also confirmed with OilNOW that since announcing the first commercial discovery in 2015, over US$700 million was...
Energy Insights

Shifting the tsunami of oil investments to Regions Three and Six in Guyana

OilNOW -
In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...
News

Hess completes sale of interest in Libya asset

OilNOW -
Global energy company, Hess Corporation, announced Wednesday that it has completed the sale of its 8.16% interest in the Waha Concession field in Libya. Hess said this was done in equal shares to TotalEnergies and ConocoPhillips. As a result of the...
News

With gas project in tow, Guyana offers UK energy security

Shikema Dey -
With Russia choking its natural gas supply to dependent European countries, there is now a worldwide scramble to source power as a cold storm approaches fast. Some countries have returned to coal-fired power. Others have turned to unlikely sources to fill the...
News

Guyana oil production hits highest recorded output in September

OilNOW -
Guyana’s oil production hit a massive 391.98 thousand barrels of oil per day on September 23 this year, making it the highest output ever recorded since production began in 2019 at the ExxonMobil-operated Stabroek Block. This has been made possible...
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Latest News

NewsOilNOW -

Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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