Showing results for:

News

ExxonMobil makes 13th discovery offshore Guyana

OilNOW -
ExxonMobil said on Thursday it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent...
News

Nigeria oil minister says Exxon not leaving

OilNOW -
Reports that US oil major ExxonMobil was mulling the sale of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin are untrue,...
News

Magnitude of oil discoveries presents ‘historic opportunity’ for Guyana to boost growth – World Bank

OilNOW -
With approval of a US$20M loan from the World Bank to support a programme geared towards capacity building for Petroleum Resources Governance and Management, the South American country of Guyana is hoping to continue putting systems in place that could...
News

Rystad ranks Tilapia among top 3 discoveries for Q1 2019

OilNOW -
Norway-based Rystad Energy ranks the Tilapia discovery made by US oil major ExxonMobil off the Guyana coast in February as the third biggest conventional find for the first quarter of 2019. Cyprus’ Glaucus and South Africa’s Brulpadda were ranked...
News

Oil prices could average $62 by the time Guyana begins production

OilNOW -
Fitch Ratings, one of the "big three credit rating agencies" in the US, sees oil prices averaging $65 per barrel towards the end of 2019 and into 2020, around the time the South American country of Guyana is expected...
News

Shipping company opens Guyana office as Oil & Gas set to drive demand for services

OilNOW -
GAC Shipping, Logistics and Marine Services has opened an office in Guyana in response to demand for professional shipping and logistics support following the discovery of large reserves of oil and gas offshore the South American country. To provide local...
News

Upstream: SBM set to firm up third Fast4Ward order

OilNOW -
SBM Offshore is set to sign a commercial contract with Chinese yard China Merchant Heavy Industry (CMHI) this weekend to build the hull of a floating production, storage and offloading vessel under the Dutch floater specialist’s Fast4Ward design, Upstream...
News

Staatsolie begins near-shore drill campaign in Suriname

OilNOW -
Suriname state oil company Staatsolie began a near-shore drill campaign on Tuesday with the West Castor drilling platform. Waterkant reports that this involves drilling, where Marai is the first well off the Surinamese coast. A test drilling of the American Apache...
News

Exxon mulls sale of Nigerian O&G fields as company focuses on Guyana, Permian

OilNOW -
US oil major ExxonMobil is weighing the sale of a suite of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin, Reuters...
News

Our main focus is to deliver on our promise of large oil deposits in Guyana – Gil Holzman

OilNOW -
Eco Atlantic Oil & Gas has been making some major announcements about potential multli-billion-barrel deposits at its Orinduik block offshore the South American country of Guyana. CEO, Gil Holzman told Vox Markets in an interview on Tuesday that the...
1...288289290...331Page 289 of 331

Latest News

NewsOilNOW -

Electricity generation from natural gas can save Guyana one million US dollars per day

Guyana currently uses Bunker C fuel to generate electricity nationwide. While this fuel has been primarily used for that...

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