Showing results for:

News

Stabroek Block, Santos Basin set to add over 2.5 million b/d production by 2025 – WoodMac

OilNOW -
The prolific Stabroek Block offshore Guyana and neighbouring Brazil’s Santos Basin will add millions of barrels of oil to global production by 2025, industry analyst Wood Mackenzie said in a recent report. The consultancy group said a challenging few years during...
News

Stabroek Block co-venturer CNOOC gets green light for Canada drill campaign

OilNOW -
Canada’s federal government has approved a new offshore exploration drilling project proposed by the China National Offshore Oil Corporation (CNOOC) set to begin in the Flemish Pass Basin — about 400 kilometres east of Newfoundland and Labrador, CBC said...
News

Noble Don Taylor sails into Stabroek Block

OilNOW -
The drillship Noble Don Taylor has arrived offshore Guyana to begin a one-year contract for drill campaigns at the Stabroek Block, operated by US oil major ExxonMobil, with co-venturers Hess and China’s CNOOC. The Noble Don Taylor brings the total number...
News

Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

OilNOW -
More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...
News

GIPEX 2019: Long-term view of ExxonMobil, successive governments in Guyana responsible for success at multi-billion-barrel Stabroek Block

OilNOW -
Delivering the keynote address at the opening of the 2019 Guyana International Petroleum Exhibition and Summit (GIPEX), ExxonMobil's Senior Vice President, Hunter Farris told conference attendees of previous unsuccessful drill campaigns in Guyana, challenging depth of the water and...
Exploration

Energy Department sees potential for 5th drillship operating at Stabroek block

OilNOW -
Director of Guyana’s Department of Energy, Dr. Mark Bynoe, says potential exist for a 5th drillship to be operating at the 6.6 million acres Stabroek Block where US oil major ExxonMobil has made a record 14 oil discoveries since...
News

Noble Don Taylor to begin 1-year contract at Stabroek Block

OilNOW -
The drillship Noble Don Taylor will soon begin a one-year contract for drill campaigns at the Stabroek Block offshore Guyana, operated by US oil major ExxonMobil with co-venturers Hess and China’s CNOOC. In announcing its Q3 results on Thursday, Noble said...
News

Guyana’s total estimated income from Stabroek block jumps to US$117.5 billion – Rystad Energy

OilNOW -
Guyana’s total estimated income from the 13 discoveries made so far by ExxonMobil at the Stabroek Block is now projected at 117.5 billion US dollars which is equivalent to more than 24 trillion Guyana dollars. This massive windfall for...
News

Resource from 3 wells to be added to 5.5 billion estimate at Stabroek Block

OilNOW -
ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5 billion barrels of oil equivalent resource estimation determined following the tenth discovery. Jack Williams, Senior Vice...
News

Exxon hits milestone at Stabroek Block as 1st pipe for Liza Phase 1 touches seabed

OilNOW -
Installation for the Liza Phase 1 Development in Guyana reached a milestone on Friday as the Saipem FDS 2 vessel lowered the first pipe to the seabed in preparation for oil production just months away. In a comment to OilNOW...
1...232425...325Page 24 of 325

Latest News

NewsShikema Dey -

Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The...

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