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Kosmos encounters ‘stability issues’ at Anapai-1; to re-spud well

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The highly anticipated results from the Anapai-1 well in Block-45 offshore Suriname will be delayed by another 50 to 60 days after the Ensco DS12 drillship encountered shallow bore hole stability issues before reaching the target interval, Kosmos Energy...
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Opponents slam Venezuelan President Nicolas Maduro’s election victory as a sham

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(CNN) Socialist President Nicolas Maduro has won another six years in power in crisis-hit Venezuela, in an election that the political opposition and foreign powers have denounced as a sham. Many eligible voters boycotted Sunday's polling, bringing turnout to a lackluster 46%,...
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Guyana should fast track offshore licensing ahead of any ICJ moratorium

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An official familiar with the Guyana-Venezuela border controversy and the move to the International Court of Justice (ICJ) for a hearing and resolution of the matter believes that all efforts should be made by Guyana to green-light as much...
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No legal basis for challenge to Guyana/ExxonMobil PSA – Natural Resources Minister

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Guyana has no legal case to challenge the Production Sharing Agreement (PSA) between its Government and ExxonMobil affiliate; Esso Exploration and Production Guyana Limited (EEPGL) and partners—CNOOC-Nexen and Hess. This was the view expressed by Guyanese Minister of Natural Resources,...
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Maduro wins presidential vote election board says

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(Reuters) Venezuela's leftist leader Nicolas Maduro won a new six-year term on Sunday, but his main rivals disavowed the election alleging massive irregularities in a process critics decried as a farce propping up a dictatorship. Victory for the 55-year-old former...
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Venezuelans go the polls in an election widely seen as a foregone conclusion

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(BBC) After years of turmoil which at one point saw almost daily street protests, President Nicolas Maduro is looking to consolidate his power. The opposition, however, refuses to even take part. Who's going to win? Most analysts agree that President Maduro is...
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Over 500 Guyanese gain employment through ExxonMobil operations

OilNOW -
Guyanese represent fifty-two percent of ExxonMobil’s local workforce while 227 Guyanese companies supplied its oil and gas operations in 2018. ExxonMobil's Senior Director, Public and Government Affairs, Kimberly Brasington, provided data to Guyana's Department of Public Information (DPI) which indicated...
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Oil revenue to fund extensive road networks/bridges, regional airports and more – Patterson

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Guyana’s Minister of Public Infrastructure, David Patterson, says his ‘shopping list’ has already been prepared and approved for the undertaking of a number of major transformational infrastructure projects when revenue from oil production begins to flow in 2020. During an...
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Oil hits $80; pipeline operators consolidate

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Oil prices hit $80 per barrel for the first time in more than three years on Thursday on concerns Iranian exports could fall, reducing supply in an already tightening market. Among the analysts weighing in, Boston Consulting Group’s Jamie...
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8 wells at Liza will produce more oil than Delaware Basin’s 1,400 – Hess

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Chief Executive Officer of Hess Corporation, John Hess, says when it comes to low development cost and favorable financial returns Guyana is a much better prospect than the Permian’s Delaware Basin. The CEO was at the time speaking during a...
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IMF forecasts another year of double-digit economic growth for Guyana 

Guyana is expected to be one of just two countries in the world to post double-digit economic growth 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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