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News

Stabroek Block partners fund $120M hinterland poultry project, in bid to reduce livestock import bill

OilNOW -
In their first regional socioeconomic project under the Greater Guyana Initiative (GGI), the Stabroek Block co-venturers have targeted the livestock industry in the Rupununi area with a US$120 million (US$608,000) grant. The ‘EggSandwich Project’ seeks to reduce the livestock import...
News

Motherlode of crude remains at giant Stabroek block: analysts say resources will balloon

OilNOW -
Analysts across the oil and gas industry agree that even with the massive volumes of hydrocarbon found so far at the 6.6 million acres Stabroek Block, explorers have only scratched the surface and that mega resources are yet to...
News

AMI reaffirms over 20-billion-barrel boe at Stabroek Block, Guyana’s growing gas potential

OilNOW -
In an exclusive interview with OilNOW on Wednesday on the sidelines of the International Energy Conference, Arthur Deakin, Co-Director of America’s Market Intelligence energy practice reaffirmed the latest estimate for the Stabroek Block to be well over 20 billion...
News

Guyana moving towards approval of Exxon’s largest offshore project at Stabroek Block to date

OilNOW -
The Guyana government is putting everything in place for the approval of the giant 250,000 barrels per day Yellowtail Development Project soon with Vice President Dr. Bharrat Jagdeo telling reporters on Thursday all systems should be in place by...
News

Hess could lift around 24 million barrels of oil from Stabroek Block this year

OilNOW -
When the Liza Phase 2 development comes on stream this quarter and reaches full production later this year, Hess Corporation expects to collect 24 lifts from its Guyana operations. It would also be well positioned to clear off its...
News

Hess upbeat on earnings as drill campaigns move forward at Stabroek Block

OilNOW -
American exploration and production multinational, Hess Corporation, reported on Wednesday said that it had a net income of US$265 million, or US$0.85 per share, in the fourth quarter of 2021, compared with a net loss of US$97 million, or...
News

Norway group estimates Stabroek Block now holds more than 13.5 billion boe

OilNOW -
‘Hook, line and sinker’ is the phrase being used by Norway-based Rystad Energy to describe ExxonMobil’s spectacular start to the new year in Guyana where it made two more discoveries at the Stabroek Block, its most lucrative license offshore...
News

Exxon’s strategy of testing deeper targets at Stabroek Block delivering big results

OilNOW -
The recent discoveries announced by ExxonMobil off the Guyana coast confirm the significant resource potential that exists at deeper targets on the 6.6 million acres Stabroek Block. The Fangtooth and Lau Lau wells delivered a cumulative 479 feet of high-quality...
News

“We have the best cash flow story in the business” says Stabroek Block co-venturer

OilNOW -
After years of strategic investments behind exploration and development efforts in Guyana’s Stabroek Block, Hess Corporation declared 2022 as the year it reaps the billion-dollar rewards of its patience and labour. According to its Chief Executive Officer (CEO), John Hess at...
Exploration

Drilling operations at Stabroek Block in high gear

OilNOW -
Drilling activities at the Stabroek Block offshore Guyana continue in earnest with a series of exploration, appraisal and development campaigns underway. ExxonMobil, operator of the 6.6 million acres block, is undertaking exploration drilling operations at Fangtooth-1, Lau Lau-1 and barreleye-1....
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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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