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Exxon sparks IMF concern with weighty returns in tiny Guyana

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(Bloomberg) Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play that the tiny South American country should rewrite its tax laws, the International Monetary Fund said. While Guyana should honor the existing deal, future...
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Noble Bob Douglas drilling at Sorubim before moving to develop Liza wells

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The Noble Bob Douglas – ExxonMobil Guyana’s second drillship – recently arrived in the South American country and is currently drilling its first exploration well at the Sorubim field some 83 nautical miles offshore. “We brought our second drillship into...
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Tina VLCC in dry-dock for 60 days as work on Liza Destiny FPSO continues

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The Bahamas-flagged Tina Very Large Crude Carrier (VLCC) – the vessel being converted to the Liza Destiny FPSO – has successfully dry-docked for the first time at Keppel’s shipyard in Singapore. ExxonMobil Guyana says the vessel is expected to be...
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ExxonMobil ‘passionate’ about gas to shore project but no final decision yet – Brasington

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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