ExxonMobil on Wednesday announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and...
Drilling operations are set to continue at the Fangtooth reservoir in the Stabroek Block offshore Guyana. Operator of the block, ExxonMobil, is utilizing the Stena Carron rig for this latest operation.
OilNOW understands the well site is situated approximately 100.8...
Though the international market was hard hit by unforeseen challenges in recent months, CNOOC Limited said it was still able to achieve “better-than-expected” results at half year. It credited this performance to management’s strategic investments in key assets based...
ExxonMobil’s Guyana projects, Liza Phases 1 and 2, produced 10.989 million barrels of crude for the month of September 2022. This averaged approximately 366,310 barrels of crude per day (bpd).
In comparison, the total August production was 11.309 million barrels...
In keeping with a transparency mandate outlined in the Natural Resource Fund Act 2021, the government of Guyana has published in its official gazette, the receipts of funds into the Natural Resource Fund.
According to the data, the government received...
As the Ministry of Natural Resources reconvened with major Guyanese caterers from across the country, Minister of Natural Resources Vickram Bharrat has committed to identifying a team to support the birth of the caterer consortium.
During the second meeting Bharrat...
Guyana’s government is working to see major local caterers tap into the multi-million-dollar catering industry for the nation's petroleum sector.
To achieve this, the Minister of Natural Resources Vickram Bharrat; Director of the Local Content Secretariat Martin Pertab and other...
Representatives of the government of Guyana on October 19 met with senior personnel from popular social media platform, Facebook, the state information arm said. The parties, in a virtual meeting, discussed the removal of illegal maps and false narratives...
Encompassing two offshore gas compression complexes in Qatar, Italian oilfield services company Saipem said on Wednesday it has been awarded the largest single offshore contract by total value in its history. The agreement was made with Qatargas for the North...
By Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW
During the 1970s, Guyana's leadership pursued a socialist economic path. Guyana's Non-Aligned stance and fundamental governance and foreign policy principles were built upon western non-interference and self-sufficiency. The Non-Aligned Movement's...
