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Border controversy between South American oil neighbours headed for ICJ

OilNOW -
A bitter border controversy between oil giant Venezuela and its eastern neighbour, Guyana, has been referred to the International Court of Justice (ICJ) by United Nation’s Secretary General, Antonio Guterres. The development obtains since the two countries were unable to...
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Guyana could be producing over 10 million barrels of oil monthly by 2022

OilNOW -
Monthly oil production in the South American country of Guyana could top the 10 million barrel mark by 2022 with the coming on stream of a second phase of development in the prolific Liza field located approximately 120 miles...
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Guyana/Suriname explore joint O&G shore base facility

OilNOW -
The Guyana Government is looking to put systems in place for the country’s oil and gas industry which could stretch well into the next half century. As such, serious consideration is being given to the establishment of an onshore...
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Chevron, SBM and Schlumberger among big name companies onboard for GIPEX 2018

OilNOW -
Several more big name companies in the oil and gas industry have signaled their intent to be part of a major petroleum summit taking place in Guyana next month. The South American country now regarded as the next oil...
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Upstream expenditures expected to grow in 2018 to US$400 billion – WoodMac

OilNOW -
(Offshore Engineer) Believing that major spending cuts are over, Wood Mackenzie expects global upstream capital expenditures to grow slightly in 2018 to a total of US$400 billion. The downturn resulted in nearly $1 trillion being taken out of company spending...
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Guyana delegation jets off to India to clinch ‘oil-sale’ deal

OilNOW -
Guyana’s Cabinet Counsel of Ministers on Tuesday granted approval for a high-level delegation to travel to India. The Asian economic giant has signaled an interest in purchasing crude from the South American country, in addition to pursuing collaborations in the areas...
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Shell is closing in on Exxon’s crown

OilNOW -
(Bloomberg) Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not. Royal Dutch Shell...
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More contracts to be released; no objection made by oil companies – Trotman

OilNOW -
The Government of Guyana has taken a decision to publicly release all of the contracts and agreements - such as the recently released Petroleum Sharing Agreement with ExxonMobil - for all of the oil companies operating in the South...
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Natural Resources Fund Bill for Guyana Parliament by March

OilNOW -
Guyana’s Ministry of Natural Resources has set for itself a rigorous agenda for 2018, ahead of first oil in 2020, and according to subject Minister Raphael Trotman, this includes the tabling of a suite of legislation for enactment, including...
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Guyana Shorebase to hire hundreds more ahead of first oil

OilNOW -
As discussions continue in the public domain over the availability of jobs, the protection of local content and opportunities to be made available in Guyana’s embryonic oil and gas sector, one of ExxonMobil’s contractors is gearing up to commence...
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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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