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Chevron’s deep pockets could see more “adventurous drilling” in Stabroek Block – Deakin

Shikema Dey -
The move by Chevron to buy out Hess was not so much a surprise to Americas Market Intelligence (AMI) Director of Energy, Arthur Deakin. Why? Because of the current market trend of majors with deep pockets taking over smaller...
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Joint statement by Guyana President, opposition leader on Venezuela

OilNOW -
Official Statement His Excellency Dr. Mohamed Irfaan Ali, President of the Cooperative Republic of Guyana and Mr. Aubrey C. Norton, MP., Leader of the Opposition met at the Office of the President on Tuesday, October 24, 2023, to discuss the...
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Any action against Guyana would put Venezuela on ‘back foot’ with U.S. – AMI Energy Director

Shikema Dey -
Venezuela’s national referendum on the Guyana border controversy is the latest in a series of actions from the Maduro regime in support of its claim to more than two-thirds of Guyana's territory. But Director of Energy at Americas Market...
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Guyana warns against ‘international crime of aggression’ as Venezuela intensifies efforts to grab territory

OilNOW -
The Government of Guyana has issued a strong statement expressing its firm rejection of the recent move by the National Electoral Council of the Bolivarian Republic of Venezuela to include questions in a national referendum, scheduled for December 3,...
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Guyana oil revenues jump 32%

Kemol King -
In the first three quarters of 2023, Guyana received US$1.038 billion in oil revenues, representing a 32% increase compared to the US$786 million received during the same period in 2022. Disaggregated, the government’s natural resource fund (NRF) received US$872.83...
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Welding, laying of pipeline on target for 2024 Gas-to-Energy roll out – Exxon

OilNOW -
ExxonMobil Guyana said it remains on track to complete the pipeline for the country’s Gas-to-Energy project set to come online in 2024.  Providing an update on October 17, President of the company, Alistair Routledge, said pipelaying is currently underway in...
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QatarEnergy, Eni ink 27-year LNG supply deal for Italy

OilNOW -
Affiliates of QatarEnergy and Eni have signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of up to one million tons per annum (MTPA) of LNG from Qatar to Italy. Pursuant to the SPA,...
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Chevron to buy out Hess Corp., will gain access to worldclass Guyana play

OilNOW -
Chevron Corporation announced on Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on...
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ExxonMobil’s Pioneer acquisition signals potential for strong growth in U.S. oil output

OilNOW -
In a notable move that may have significant implications for the future of U.S. oil production, ExxonMobil's recent acquisition of Pioneer Natural Resources for US$64.5 billion is drawing attention and praise. The deal, the largest in the upstream industry...
News

QatarEnergy, Shell strengthen global partnership with 3.5 MTPA LNG deal

OilNOW -
QatarEnergy and Shell have cemented their partnership with the signing of two significant long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG). The agreements...
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Latest News

ExplorationShikema Dey -

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the...

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