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ExxonMobil 14th discovery at Stabroek pushes projected government revenue above US$120 billion – Rystad Energy

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The 14th oil discovery made by US oil major ExxonMobil off the Guyana coast pushes the total estimated revenue to be earned by the South American country to more than US$120 billion. Speaking at a press update on Day 1...
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GIPEX 2019: Long-term view of ExxonMobil, successive governments in Guyana responsible for success at multi-billion-barrel Stabroek Block

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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...
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GIPEX 2019: Oil wealth should be the catalyst to move to clean energy – Dr Bynoe

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Dr Mark Bynoe, Head of Guyana's Department of Energy, on Wednesday, reemphasized his agency's commitment to pursuing the country's green economy and using the oil resources to propel the South American nation into becoming an exemplar of clean energy...
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TOTALTEC nominated for Oilfield Service Company of the Year

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Guyanese services company TOTALTEC Oilfield Services has announced that it has been shortlisted for Oilfield Services Company of the Year at this year’s World Energy Capital Assembly Awards to be held in London, December 4, 2019. A statement from TOTALTEC...
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Guyana welcomes delegates, exhibitors to GIPEX 2019

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Hundreds of delegates and exhibitors from countries around the world have arrived in Guyana for the staging of the second edition of the country’s largest oil and gas conference and exhibition – GIPEX 2019.  The three-day event will open...
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Petrobras set to become world’s largest oil producer

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Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing, receiving muted interest...
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ConocoPhillips targets $50 billion free cash flow over next decade

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ConocoPhillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade. The announcement comes as investors,...
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Guyanese students learn about offshore exploration at public forum

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JHI Associates Inc. in collaboration with the American Chamber of Commerce Guyana (AMCHAM) on Tuesday held a forum in Georgetown targeting high school and university students on the geology and geophysics of oil exploration. During the event held at Roraima...
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GTT pumps US$60K into GIPEX 2019

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GTT, Guyana’s largest telecommunications company, has tripled its sponsorship of the Guyana Petroleum Business Summit and Exhibition (GIPEX) , having deemed the annual event as a crucial forum for the country’s emerging oil and gas sector. “This high-level, international business...
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Exhibitors prepping for GIPEX opening

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The opening of the second edition of Guyana’s largest oil and gas conference and exhibition is now less than 24 hours away and companies are pulling out all the stops in preparation for the 3-day event. When OilNOW visited the...
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Letter-to-the-Editor: I commend the Labour Ministry’s independent assessment of FPSOs

Dear Editor, I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s...

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