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Guyana “monitoring” Russia/Venezuela military exercises

OilNOW -
The Ministry of Foreign Affairs in Guyana says it is monitoring developments regarding military exercises between Russia and Venezuela in that neighbouring country. International media reported that two Tu-160 bombers landed in Venezuela on Monday in a Russian show of...
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Tullow eyeing potential 4 billion barrel ‘game changer’ off Guyana coast

OilNOW -
United Kingdom based oil and gas exploration company Tullow is confident that it will strike oil off the Guyana coast where it has a 60% equity in the Orinduik Block and 37.5% equity in the Kanuku Block. Tullow’s Executive Vice...
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University of Guyana gets US$40,000 in equipment from ExxonMobil

OilNOW -
ExxonMobil Guyana on Tuesday donated US$40,000 in equipment to the University of Guyana’s Faculty of Natural Science. Since 2015, through its long-standing relationship with the university, the company has supported various projects. The highly specialised equipment included; a Baader Multi-Purpose...
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Brazilian regulator IBAMA denies Total license for offshore drilling

OilNOW -
Brazilian federal environmental regulator IBAMA has denied French oil company Total a license to drill in the environmentally sensitive Foz do Amazonas Basin, accusing the company of failing to submit documents and complete impact studies despite several requests. The discovery...
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U.S. expected to end 2018 as world’s top oil producer: EIA

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(Reuters) - U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end...
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Guyana ratifies conventions to protect against oil spills – Greenidge

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Guyana’s ratification of several international conventions has been approved by Cabinet. These are aimed at, among other things, strengthening the country’s legal framework for the emerging Oil and Gas industry. This was announced by the country’s Foreign Affairs Minister Carl...
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Stabroek Block explorers have a lot riding on Guyana

OilNOW -
The expectations from the giant oil discoveries in Guyana continue to take centre-stage in the growth plans and projections of venture partners ExxonMobil, Hess and CNOOC. With a record 10 discoveries to date amounting to more than 5 billion barrels...
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Hess to plug hundreds of millions into Guyana operations in 2019

OilNOW -
Hess Corporation (NYSE:HES) said on Monday it intends to plug several hundred million dollars into exploration and development operations offshore Guyana in 2019 as part of what the company describes as its ‘peak spend year’ for the Liza Phase 1...
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ExxonMobil says efforts to develop local capabilities will continue

OilNOW -
ExxonMobil Guyana says it will continue to play a major role in the development of local content in the South American country as first oil approaches. The company reiterated this at a time when multiple potential developments are expected...
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Guyana could become first-world destination in under 12 yrs – Hughes

OilNOW -
Director of the Guyana Oil and Gas Association (GOGA), Nigel Hughes, believes that the approach to local content in the South American country must be refocused with emphasis on local industry becoming more competitive and efficient. He was at the...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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