The Guyana Government has identified two sites in Regions Four and Six for the construction of a new power generation facility, utilizing natural gas to be had from offshore oil production activities. The revelation was made by Minister of Public...

Guyana’s Minister of Foreign Affairs, Carl Greenidge, says the Government has a responsibility to ensure monies collected from oil companies are spent in the best interest of the country and failure to hold companies accountable must be placed at the...

ExxonMobil Guyana Country Manager, Rod Henson says the company would like to look back 10 years from now and see that its presence would have served to help the South American country of 750,000 people. Guyana will enter the league...

CNOOC Ltd. (NYSE: CEO) has already commenced production for its Weizhou 12-2 oil field phase II project, the company said on Tuesday. The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea...

Hess Corporation said Tuesday it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “Our 2017 asset monetizations have exceeded expectations in terms of value and...

ExxonMobil is fast-tracking a second floater project for Guyana’s Liza area development amid suggestions that the next unit will be significantly larger than the 120,000-barrels-per-day Liza-1 unit. According to an Upstream report, plans for a second floating production, storage and...

ExxonMobil made the decision to begin drilling for oil in Guyana at the Liza field since this prospect was the biggest and best, based on data analysed by the company. By the time the oil major acquired rights to explore...

ExxonMobil has contracted Noble Corporation for drilling of the Liza Phase 1 development wells set to begin in 2018. OilNOW understands the Noble Bob Douglas drill ship will begin its campaign by Q2 2018 and the contract is expected to...

Several Guyanese crew members working onboard the Edison Chouest MV Cat Island, Fast Titan and Hannah Chouest vessels have been recognized for their safety performance. The El Dorado Offshore employees were recognized by ExxonMobil through the company’s Catch of the...