Showing results for:

News

Other countries auctioning blocks don’t have record of discoveries like Guyana – Jagdeo

OilNOW -
Vice President Dr. Bharrat Jagdeo said Thursday that companies interested in Guyana’s offshore licensing round will not be deterred by its postponement. He recently announced a one-month postponement to facilitate the update of Guyana’s outdated oil laws.  “We have enormous...
News

Post-drilling analysis advances prospectivity evaluation in Canje, Kaieteur blocks offshore Guyana

OilNOW -
Exploration efforts in the Canje and Kaieteur Blocks offshore are continuing, according to ExxonMobil Guyana, which said that experts are diligently examining the post-drill results to gain deeper insights into the oil and gas potential outside of the Stabroek...
News

Guyana Court failed to recognise Stabroek co-venturers’ ability to meet financial obligations – Exxon

OilNOW -
ExxonMobil Guyana said on Thursday that it supports the appeal made by the Environmental Protection Agency (EPA) of Guyana, of a High Court judgment requiring it to provide an ‘unlimited’ parent and/or affiliate guarantee. The undertaking would be tapped...
Exploration

Smaller player looking to bid on big blocks in Guyana basin

OilNOW -
Mid-Atlantic Oil & Gas Inc., which has a 12.5% stake in the Canje deepwater block, has signaled its interest in Guyana’s ongoing licensing round. Its co-founder and director, Edris Kamal Dookie, is quoted in the April 21 edition of Latin...
News

More seismic surveys planned for oil block with one of the highest success rates for discoveries on the planet

OilNOW -
ExxonMobil Guyana is set to continue 3D/4D seismic survey operations at the offshore Stabroek Block, beginning April 20.  Guyana’s Maritime Administration (MARAD) said the exercise is set to conclude on December 31.  The survey will incorporate the use of five support...
Exploration

Total getting Block 58 “volumes right” before FID, likely in 2024 – Staatsolie asset manager

OilNOW -
Exploration and non-operated venture asset manager at Suriname’s state-owned Staatsolie, Patrick Brunings is confident of a final investment decision for Block 58 next year.  Brunings told Hart Energy that operator TotalEnergies and APA Corporation are quantifying the finds it has...
News

All 14 Guyana oil blocks attract interest as model PSAs released

OilNOW -
All 14 blocks on auction in Guyana’s ongoing licensing round have received expressions of interest, the government said in a statement Tuesday. Guyana’s Ministry of Natural Resources has published new model contracts to govern the three deepwater and 11...
News

Exxon’s Kaieteur, Canje blocks will comply with new PSA terms – VP Jagdeo

OilNOW -
As he maintained there will be no renegotiation of the Stabroek Block Production Sharing Agreement (PSA), Guyana’s Vice President, Dr. Bharrat Jagdeo has confirmed that nine other offshore blocks will be subjected to new terms which include a 10%...
News

Changing Stabroek PSA after more than US$30B investment would hurt investor confidence – Routledge

OilNOW -
ExxonMobil Guyana President, Alistair Routledge defended the stability of the Stabroek Block production sharing agreement (PSA) during a media conference in Georgetown on Thursday. “We’ve made now over US$30 billion worth of investment to the country based on the contract...
News

Stabroek partners looking to up Liza Unity production in Q4 2023

OilNOW -
After a successful start-up in February 2022 and a gradual production ramp-up in July, the Stabroek Block co-venturers are considering production optimisation measures on the Liza Unity FPSO in the fourth quarter of 2023. Hess President and Chief Operating Officer,...
1...303132...326Page 31 of 326

Latest News

NewsOilNOW -

Keystone Consulting debuts at OTC: set to deliver grounded market intelligence on Guyana, region 

Houston, Texas, United States - Keystone Consulting (Guyana) Inc., a new research, marketing, and business intelligence firm, was officially...

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