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GIPEX Platinum sponsor ready to deliver on ‘every need of O&G sector’

OilNOW -
Guyana International Petroleum Exhibition and Summit (GIPEX) 2018 Platinum Sponsor GTT, a telecommunications service provider in Guyana, says it is ready to deliver on “the every need of the oil and gas sector” in the South American country and...
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China’s CNOOC plans to ramp up spending by at least 40 percent in 2018

OilNOW -
Chinese offshore oil and gas company CNOOC Ltd said on Thursday it planned to ramp up spending by at least 40 percent in 2018, as well as raise production, thanks to a more “suitable” oil price, Reuters reports. CNOOC Nexen...
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Exxon moving to develop Payara by 2023; Guyana oil production could hit 450,000 bpd

OilNOW -
Exxon Mobil Corporation could sanction its third development project offshore the South American country of Guyana as early as 2023. The company’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury told participants during its fourth quarter earnings call...
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Ranger-1 gives ExxonMobil new insight into Stabroek Block potential

OilNOW -
ExxonMobil’s recent oil discovery at the Ranger-1 reservoir offshore Guyana is particularly significant because it demonstrates that potentially significant commercial quantities of crude is contained in a different type of play on the Stabroek Block. The estimated total 3.2 billion...
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Exxon announces US$19.7B earnings for 2017

OilNOW -
Exxon Mobil Corporation announced on Friday its estimated 2017 earnings of $19.7 billion, or $4.63 per share assuming dilution, compared with $7.8 billion in 2016. U.S. federal tax reform in the fourth quarter resulted in a non-cash earnings gain of $5.9 billion,...
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Chevron announces major oil discovery in deepwater Gulf of Mexico

OilNOW -
Chevron Corporation (NYSE:CVX) has made a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind...
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UN decision on border controversy first major step towards lasting resolution – Trotman

OilNOW -
Guyana’s Minister with responsibility for the petroleum sector says the recently announced decision of the United Nation’s Secretary General, Antonio Guterres, to refer the decades old border controversy with Venezuela to the International Court of Justice (ICJ) is the...
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BP announces two North Sea discoveries

OilNOW -
Energy giant BP has announced two new North Sea oil and gas discoveries. Tests have been carried out to discover how much oil and gas is present, with the data currently "under evaluation". The finds - in the Capercaillie and Achmelvich...
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2018 E&P Budget: Hess allocates hundreds of millions for exploration, development in Stabroek Block; says opportunities getting ‘bigger and better’

OilNOW -
Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig...
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President Granger welcomes UN decision on border controversy with Venezuela

OilNOW -
Guyana’s Head of State, President David Granger has hailed the decision to refer the controversy arising out of the claim by the Bolivarian Republic of Venezuela to Guyana’s territory, to the International Court of Justice (ICJ). United Nation’s (UN) Secretary...
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Guyanese businesses can benefit by joining Exxon’s virtual Feedback Session slated for Dec. 13

By Clement Smith - OilNOW Guyanese businesses interested in tapping into the oil and gas sector or already operating in...

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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