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Chevron announces major oil discovery in deepwater Gulf of Mexico

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Chevron Corporation (NYSE:CVX) has made a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind...
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UN decision on border controversy first major step towards lasting resolution – Trotman

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Guyana’s Minister with responsibility for the petroleum sector says the recently announced decision of the United Nation’s Secretary General, Antonio Guterres, to refer the decades old border controversy with Venezuela to the International Court of Justice (ICJ) is the...
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BP announces two North Sea discoveries

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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

OilNOW -
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

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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

OilNOW -
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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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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