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Guyanese engineering company enters major agreement with Fugro, WorleyParsons

OilNOW -
Guyana-based Ground Structures Engineering Consultants Inc. (GSEC) has entered a major agreement with Dutch multinational company Fugro and Australian professional services firm, WorleyParsons for the provision of a range of services covering the life cycle of upcoming projects. OilNOW witnessed...
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Eco Atlantic wrapping up anlaysis of 3D survey data; to seek drill permit for Orinduik Block

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) said on Thursday that interpretation and processing of its 3D seismic survey on the Orinduik Block is nearing completion. The Company said it is has received the Pre-Stack Depth Migration...
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Guyana emerging as senior partner in basin shared with Suriname – Ramnarine

OilNOW -
Just days before ExxonMobil announced its eight oil discovery offshore Guyana, former Trinidad and Tobago Energy Minister, Kevin Ramnarine, told OilNOW he is of the view that Guyana is emerging as the senior partner in the basin shared with...
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Third drillship for Guyana waters as 500 mmbl more added to bounty

OilNOW -
Country Manager of ExxonMobil Guyana, Rod Henson, says the eighth oil find offshore Guyana leading to the addition of more than 500 million barrels of oil to the current estimated recoverable reserves which exceed 3.2 billion barrels will see...
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ExxonMobil investigating reported vandalism on gas pipe project in Papua New Guinea

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(Reuters) - ExxonMobil PNG said on Tuesday it was investigating reports of vandalism on its Angore gas pipeline construction project in Papua New Guinea, amid ongoing tension in the Highlands region of the South Pacific nation. Papua New Guinea security...
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ExxonMobil makes 8th discovery in Guyana

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) said on Wednesday it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters)...
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Schlumberger seeking EOIs to build drilling fluids facility in Guyana

OilNOW -
Schlumberger Guyana, a subsidiary of the world-class oilfield services company Schlumberger, is in the process of constructing a drilling fluids facility to support the operations of ExxonMobil with regards to the Liza development. This is according to an advertisement placed...
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Int’l community likely to support ICJ’s decision even if Venezuela shuns proceedings – Rashleigh Jackson

OilNOW -
Former Guyanese Foreign Minister, Rashleigh Jackson is of the view that the international community would be inclined to support the decision of the International Court of Justice (ICJ) in the border controversy proceedings with Venezuela, even if that country...
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Report: Guyana’s deepwater areas will remain competitive, despite changes to fiscal terms

OilNOW -
Guyana's deepwater investment climate is expected to remain regionally competitive over the next five years, despite the South American country's plans to adjust its upstream fiscal regime and to establish a national oil company (NOC). A report released on May...
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Guyana determined to move ahead with ICJ proceedings

OilNOW -
Guyana intends to forge ahead with proceedings filed at the International Court of Justice over a border controversy with neighbouring Venezuela despite a statement from that country’s government on Monday indicating that it will not take part in the...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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