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S/America’s O&G output flat until 2023; Guyana seen as new supply source

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Crude oil and natural gas production in South America is likely to remain fairly flat over the next five years, slightly increasing to roughly 11.7 million barrels of oil-equivalent per day (MMBOE/d) by 2025, Rystad said Tuesday. The lone English speaking...
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Giant oil trader with no women in top jobs says change must come

OilNOW -
Commodity houses must do more to get women into top jobs, according to Vitol Group, the biggest independent oil trader, and a firm that like others in the industry staffs its leadership committee entirely with men. “We accept that it’s...
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Gov’t maintained ExxonMobil 600-block acreage for strategic reasons – Trotman

OilNOW -
The new coalition government that came to office in Guyana in 2015 felt it was in the country’s best interest for ExxonMobil – the only company with a willingness at the time to explore in territory threatened by Venezuela...
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First cohort of TOTALTEC Academy starts oilfield training today

OilNOW -
The new TOTALTEC academy will today commence its Oilfield Operator Training Programme with a first cohort of 24 young Guyanese. TOTALTEC is one of the investors in the Guyana Shore Base Inc., which has been contracted by ExxonMobil Guyana to...
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36 companies set to bid for blocks in Mexico’s next round

OilNOW -
(Hart Energy) An opportunity to develop and produce oil from the Burgos, Tampico-Misantla-Veracruz and Cuencas del Sureste (Southeast) basins has attracted three dozen companies—including the U.K.’s BP, Capricorn Energy and Premier Oil—to Mexico. Mexico’s National Hydrocarbons Commission (CNH) said 36...
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Guyana basin still risky for oil companies – Source

OilNOW -
The notion that the Guyana basin has been completely de-risked because of the multiple oil discoveries made by US oil major, ExxonMobil, is misleading says a source. Speaking to OilNOW on condition of anonymity, the source said discoveries by a...
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“All legal requirements fulfilled in issuing petroleum license” says Guyana gov’t

OilNOW -
The Government of Guyana has once again reiterated its position that all legal requirements were fulfilled in the issuance of petroleum production licenses to all oil exploration companies operating in the South American country. In a public correspondence on Friday,...
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ExxonMobil to begin new hunt for oil at Sorubim-1 well in Guyana

OilNOW -
On March 30, 2018, ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) and its joint venture partners Hess and CNOOC Nexen will commence drilling operations at the Sorubim-1 well within the Stabroek Block of the Guyana Maritime Zone. The...
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India sets sights on Guyana’s oil basin

OilNOW -
The Indian Government is showing interest in Guyana’s emerging petroleum industry; not only as a potential source of crude for its growing domestic demand but also for its own exploration activities. The Asian giant’s Plenipotentiary Representative to Guyana, High Commissioner...
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Fr. Commonwealth SG leads Guyana defense in ICJ border case   

OilNOW -
Former Commonwealth Secretary-General, Sir Shridath Ramphal, will again lead the Guyanese legal team of defense lawyers in a border controversy case, this time against Venezuela - to be called shortly by the International Court of Justice (ICJ). The confirmation was...
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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...

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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