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BP announces two North Sea discoveries

OilNOW -
Energy giant BP has announced two new North Sea oil and gas discoveries. Tests have been carried out to discover how much oil and gas is present, with the data currently "under evaluation". The finds - in the Capercaillie and Achmelvich...
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2018 E&P Budget: Hess allocates hundreds of millions for exploration, development in Stabroek Block; says opportunities getting ‘bigger and better’

OilNOW -
Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig...
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President Granger welcomes UN decision on border controversy with Venezuela

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Guyana’s Head of State, President David Granger has hailed the decision to refer the controversy arising out of the claim by the Bolivarian Republic of Venezuela to Guyana’s territory, to the International Court of Justice (ICJ). United Nation’s (UN) Secretary...
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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

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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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Letter-to-the-Editor: The oil and gas sector is investing in the success of our younger generation

Dear Editor, I read recently that 20 Guyanese cadets were awarded the Noble Marine scholarship, a program aimed at strengthening...

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