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Bynoe says gov’t will honor ExxonMobil contract even as it looks to design new model PSA

OilNOW -
Speaking at his first official press conference since assuming office, Head of Guyana’s Department of Energy, Dr. Mark Bynoe told reporters on Thursday, at the Ministry of the Presidency, that any review of the Production Sharing Agreement (PSA) between...
News

TT Opposition Leader set to deliver oil and gas speech in Guyana

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Trinidad and Tobago’s Leader of the Opposition and Political Leader of the United National Congress (UNC) Mrs Kamla Persad Bissessar will be the feature speaker at the 23rd Awards Presentation and Dinner hosted by the Guyana Manufacturing & Services...
News

“We in Canada are here to help you not exploit you” – High Commissioner Chatterjee

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Canadian High Commissioner to Guyana Lilian Chatterjee sees a bright future ahead for the soon-to-be oil producing South American country and is making it clear that Canada is looking to help and not exploit Guyana. Speaking at the launch of...
News

ExxonMobil urges women to prepare for opportunities in oil and gas

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Women entrepreneurs have been urged to educate themselves on the oil and gas sector so that they can be best prepared to tap into business opportunities that will emerge as Guyana becomes a major oil producer. This call was issued...
News

Kosmos slips deeper into red with net loss of $126.1M in Q3

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Kosmos Energy Ltd. (NYSE: KOS) on Monday announced financial and operating results for the third quarter of 2018. For the third quarter of 2018, the Company generated a net loss of $126.1 million, or $0.31 per diluted share as compared to net loss of...
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Oil explorers looking at ‘large prospects’ offshore Suriname; to be tested in 2020

OilNOW -
Despite recent disappointments from two exploration campaigns offshore Suriname, joint venture partners operating in the Dutch-speaking South American country are looking at “large prospects” in Block 42 which they intend to test in 2020. Kosmos Energy is the exploration operator...
News

ExxonMobil holds more acreage in Brazil than any other company

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In September 2017, ExxonMobil had interest in just two offshore blocks in Brazil, totaling slightly more than 161,000 net acres. Fast forward one year later: the company now has interest in 26 deepwater blocks across five basins, covering an area nearly...
News

Iranian marchers chant “Death to America” on eve of US oil sanctions

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(Reuters) - Iranians chanting “Death to America” rallied on Sunday to mark both the anniversary of the seizure of the U.S. Embassy during the 1979 Islamic Revolution and the imminent reimposition of U.S. sanctions on Iran’s key oil sector. Thousands...
News

Hunt on for more oil in Guyana as Pluma well spudded

OilNOW -
US oil major ExxonMobil is ramping up its search for more oil off the Guyana coast with the spudding of the Pluma prospect approximately 17 miles (27 kilometers) from Turbot in the South portion of the 6.6 million acres...
Exploration

Venezuela running out of fuel, PdV suspends supply

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(Argus) Venezuelan state-owned PdV has nearly exhausted its motor fuel stocks, forcing up to 80pc of the country's more than 2,700 service stations nationwide to suspend sales until further notice, according to four senior officials with the federation of...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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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