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ExxonMobil ‘passionate’ about gas to shore project but no final decision yet – Brasington

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The prospect of bringing natural gas to shore in Guyana for the primary purpose of fueling power plants to produce low-cost electricity remains a project ExxonMobil is passionate about but the company says no final decision has yet been...
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T&T fishermen captured by Venezuelan authorities

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Trinidad and Tobago’s Ministry of National Security has confirmed that Venezuelan authorities trespassed into the country’s waters and seized three local fishermen, allegedly for illegally fishing in Venezuelan waters. Loop reports that in a statement issued Friday, the Ministry said the incident, which...
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ExxonMobil says it engaged fisher-folk, environmentalists to determine safe zone around FPSO

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ExxonMobil Guyana says discussions were held with fisher-folk and environmentalists to determine the appropriate safe zone to be established around the FPSO that will be producing oil from the Liza field in 2020. The company’s Senior Director, Public & Government Affairs, Kimberly...
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Venezuela as party to Geneva Agreement accepted jurisdiction of ICJ

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The position of the Nicolás Maduro administration that Venezuela does not recognize the International Court of Justice’s (ICJ) jurisdiction over its border controversy with Guyana is in contravention with the Bolivarian Republic’s consent to the Geneva Agreement. Guyana, in its Application...
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Deodat Indar reelected to 2nd term as GCCI president; promises renewed push for Guyanese businesses in O&G

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Deodat Indar was on Thursday reelected to serve a second term as President of the Georgetown Chamber of Commerce and Industry (GCCI). The business group held its 128th Annual General Meeting at the Roraima Duke Lodge in Guyana’s capital Georgetown on...
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BHP Billiton could begin hunt for petroleum in Barbados by next year

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Australia based BHP Billiton could begin its hunt for petroleum in the Caribbean territory of Barbados as early as 2019. The island’s Minister with responsibility for Energy, Senator Darcy Boyce, speaking at a symposium in Trinidad held in March,...
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Oil & gas projects set to break even at $44 per barrel in 2018

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New oil and gas projects to be sanctioned this year will likely have a 15-percent lower breakeven level than last year’s, at US$44 per barrel of oil equivalent, Wood Mackenzie analysts said in a fresh report on short-term developments in the...
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Volume of gas, cost of bringing it to shore would determine economic feasibility

OilNOW -
Without a comprehensive study being conducted to determine what the cost would be to bring natural gas to shore and the associated land based infrastructure required to facilitate this, any talk about its economic feasibility hinges on speculation. A well-placed...
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‘Significant’ discoveries made offshore Norway

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(Rigzone) OMV Norge AS announced Wednesday that it has encountered ‘exploration success’ at well 6506/11-10, located offshore Norway in license PL 644B. The well targeted two formations; the Cretaceous Hades prospect and the Jurassic Iris prospect located directly underneath. OMV...
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‘19 commercial discoveries in 2017’ – CNOOC Limited

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CNOOC Limited, the owner of Nexen which is a 25% joint venture partner in the Stabroek Block offshore Guyana along with ExxonMobil and HESS, recently announced that for 2017 its reserves and profit improved significantly. In announcing its performance for...
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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...

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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