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August 29 marked 2 years since the vessel arrived that catapulted Guyana on the world stage

OilNOW -
Over 1,000 Guyanese worked on projects that culminated with the commissioning of the country’s first floating production storage and offloading (FPSO) vessel on Saturday, June 22, 2019, in Singapore. The vessel then set sail soon after for the South...
News

Hess will plug another US$150 million from Denmark asset sale into Guyana

OilNOW -
INEOS E&P A/S, which is a part of INEOS Energy said on Monday it has completed the previously announced agreement to acquire the subsidiary HESS Denmark ApS. for a total consideration of $150 million, effective January 1, 2021. Hess will...
News

Drilling at Sapote-1 has begun, JHI confirms

OilNOW -
The Stena DrillMAX has begun drilling the Sapote-1 prospect at the Canje Block, JHI Associates Inc. said on Sunday. The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap.  The well is approximately 255 km northeast...
Exploration

Explorers betting big on Kawa-1, confident of hitting pay in major comeback

OilNOW -
Updated August 29, 2021 CGX Resources Inc. (CRI), operator of the Corentyne block offshore Guyana, believes the chance of finding hydrocarbons at the Kawa-1 prospect has increased since the company last drilled wells in the South American country back in...
News

Tanager-1 estimated to contain over 65 million barrels of oil

OilNOW -
Tanager-1, one of the deepest wells ever to be drilled offshore Guyana, is estimated to contain around 65.3 million barrels (MMBBL) of oil as part of a ‘best estimate’ provided in a report compiled by consultants Netherland, Sewell &...
News

Ancient river systems that formed 1000m deep canyon now delivering oil offshore Guyana

OilNOW -
Updated August 28, 2021 The Berbice River in Guyana, during the early period of the planet’s formation  helped “drain” the northern part of South America to form a 1,000 metre deep canyon believed to be the basis of the stratigraphic traps...
News

After encountering 45 dry holes over a period of 50 years, along came Liza

OilNOW -
Updated August 27, 2021 Before 2015, offshore Guyana was considered a “high-risk frontier basin” with 45 wells drilled over a span of 50 years resulting in no commercial discovery. Bordered by oil producing giants such as Venezuela and Brazil, the evidence...
News

Siem Dorado continuing fibre optic cable installation activities offshore Guyana

OilNOW -
Multi-purpose service vessel Siem Dorado is continuing its operations offshore Guyana on a 55-day firm contract with ExxonMobil for fibre optic cable installation, support and hook-up services. The U.S. oil major is implementing a secure, high-speed fibre-optic/wireless transport service to efficiently manage...
News

Hess, Chevron mandating vaccination for U.S. employees, other companies monitoring situation

OilNOW -
(FOX Business) The U.S. energy industry is weighing in on COVID-19 vaccine mandates for employees as infections are on the rise following the spread of the delta variant. Hess Corporation says its U.S. operations employees working in the Gulf of...
News

From Tina to Liza – the floater that made Guyana an oil producer

OilNOW -
The vessel that produced Guyana’s first barrel of oil on December 20, 2019, marking the start of a journey for the South American country that will see it becoming a major producer this decade, was converted from a ship...
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Technip Energies highlights collaborative role in GranMorgu FPSO project

PARAMARIBO, SURINAME  - In an exclusive interview with OilNOW during the Suriname Energy, Oil & Gas Summit (SEOGS) 2025,...

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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