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OTC 2019: Chamber President expects increased partnerships

OilNOW -
Guyanese business representatives participating at the Offshore Technology Conference in Houston, Texas, are excited about the attention received on the first day of the event. The President of one of the largest groups representing businesses in the South American...
News

OTC 2019: “We’re emerging as an oil and gas nation” – GO-Invest CEO

OilNOW -
CEO of the Guyana Office for Investment (GO-Invest), Owen Verwey, is heartened by the traffic passing through the Guyana Booth at the Offshore Technology Conference (OTC) currently taking place in Houston Texas, USA, saying that the opportunities for networking...
News

Major interest shown in Guyana on day 1 of OTC 2019

OilNOW -
On just the first day of the Offshore Technology Conference (OTC 2019) Guyanese officials and business representatives are already reporting major interest being shown in the country by participants at the event. The 600 square foot Guyanese booth saw heavy...
News

BP takes FID on Thunder Horse South 2

OilNOW -
(Upstream) BP has taken a final investment decision to develop a second phase of expansion in the southern reaches of its Thunder Horse field in the deep-water Gulf of Mexico. The development is expected to add an estimated 50,000 barrels...
News

Arrived and ready – Guyana contingent all set for OTC opening

OilNOW -
The contingent from South America’s newest oil and gas hotspot has arrived in Houston, Texas, and is all set to participate in the largest oil and gas sector trade show in the world – Offshore Technology Conference 2019. “Excited to...
News

Occidental revises Anadarko bid

OilNOW -
Occidental Petroleum has revised its takeover offer for fellow US company Anadarko Petroleum, offering to pay mostly cash, Upstream said in a May 6 report. Occidental launched a $57 billion offer last month for Anadarko split 50:50 between stocks and cash, offering...
News

Key Guyana agencies get technical training in oil & gas

OilNOW -
Guyana’s Department of Energy (DE) on Friday concluded a two-day capacity building workshop which focused on Field Development Planning for the oil and gas sector. Those benefitting from it were officers from the Guyana Geology and Mines Commission’s Petroleum...
Opinions

Macroeconomic effects of oil price volatility and the implications of energy subsidy reforms

Bobby Gossai, Jr. -
Sharp increases in the price of oil and other energy products are referred to as classical examples of negative supply shocks (Hamilton 2005). Increases in the price of oil lead to increases in the cost of production, which in...
Uncategorized

Capping stack, decommissioning pact among Liza 2 requirements – Dr. Bynoe

OilNOW -
Guyana’s Department of Energy (DE) on Friday disclosed a number of measures which it says is tied to the approval granted to ExxonMobil for the 220,000 bpd Liza Phase 2 Development project in the Stabroek Block offshore the South...
News

CGX begins survey ahead of Utakwaaka-1 drill campaign

OilNOW -
CGX Energy is moving to undertake a shallow hazard survey at the Utakwaaka-1 well site within the Corentyne Block, offshore the South American country of Guyana. The operation, set to begin on May 5 and conclude on May 31, will...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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