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Signature petroleum summit to be officially launched today in Guyana

OilNOW -
The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX) 2018 will be officially launched today at a press conference being held at the Marriott Hotel in Georgetown. The country’s Minister of Natural Resources, Raphael Trotman, will launch GIPEX 2018,...
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Bauxite Company says not enough natural gas available for smelter – Trotman

OilNOW -
Bauxite company Bosai Minerals Group (Guyana) Inc. has indicated that the quantity of natural gas that would be available when oil production begins in 2020 is inadequate to power a smelter. The South American nation’s Natural Resources Minister, Raphael Trotman...
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U.S. oil industry set to break record, upend global trade

OilNOW -
(Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And...
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Need for pipe yards, fabrication and fuel supply facilities in Guyana increases with Liza Phase 2

OilNOW -
When the proposed Liza Phase 2 development project comes on stream in 2022 approximately 120 miles offshore Guyana, the need for a number of shorebase services will significantly increase. ExxonMobil Guyana says the project will utilize onshore infrastructure which may...
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Tullow Oil tiptoes back into exploration

OilNOW -
(Reuters) - Tullow Oil is cautiously reviving its search for new oil and gas resources in Africa and Latin America, its chief executive said, warning that the sector will need to walk a thin line to balance spending discipline...
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Maduro urges Latin American states to join oil & gold-backed cryptocurrency project

OilNOW -
(RT) Venezuela’s leader Nicolas Maduro has invited members of the regional ALBA-TCP bloc to join him in launching a new cryptocurrency. Named petro, the cryptocurrency will be backed by the country’s oil, gas, gold and diamond riches. “I have a...
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Conservation Int’l urges Guyana to use oil resources to fund ‘Green State Strategy’

OilNOW -
Guyana is being urged to use revenue that will be earned from oil production to fund the realization of its ‘Green State Development Strategy’ as part of the diversification of the country’s economic base, in order to avoid having...
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Stabroek Block: Exploration Highlights

OilNOW -
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
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Liza Phase 2 could push Guyana total oil production to 340,000 bpd by 2022

OilNOW -
US oil major ExxonMobil has confirmed that a process is underway that could see a Liza Phase 2 development getting underway as early as 2022. This combined with Liza Phase 1 production, set to come on stream in 2020,...
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CGX Energy CEO quits, Narine to act as Executive Chairman

OilNOW -
Canadian-based oil and gas exploration company CGX Energy has accepted the resignation of its Chief Executive Officer. CGX Energy, focused on the exploration of oil in the Guyana-Suriname Basin, said on Wednesday it accepted the resignation of CEO Dewi Jones, effective January 8, 2018. Dewi Jones,...
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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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