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Guyanese companies praise networking opportunities at GIPEX 2019

OilNOW -
As day two of the Second Annual Guyana International Petroleum Exhibition (GIPEX) continued on November 21, at the Guyana Marriott Hotel, local companies have reported that they are benefiting from immense networking as well as business opportunities. Additionally, the University...
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Bank account to receive Guyana oil revenue to be established next week

OilNOW -
The account to receive oil revenue through the Natural Resource Fund (NRF) will be established next week at the Bank of Guyana. This announcement was made by Guyana’s Minister of Finance, Winston Jordan, during an interview at the opening of...
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Halliburton, University of Guyana ink US$2.2 million MoU on sidelines of GIPEX

OilNOW -
The University of Guyana’s (UG) Faculty of Engineering and Technology today signed a Memorandum of Understanding (MoU) with Halliburton, one of ExxonMobil’s Prime Contractors, which will see the University benefiting from US$2.2 Million for laboratory equipment, staff development and...
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ExxonMobil 14th discovery at Stabroek pushes projected government revenue above US$120 billion – Rystad Energy

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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.

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