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Guyana discoveries help give China foothold in region but big spending remains tempered

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China National Offshore Oil Corporation (CNOOC) is a minority partner in ExxonMobil's major oil discoveries in Guyana and the company has nabbed licenses in Mexico's deep waters, giving China a foothold in the region's two most exciting frontiers. While...
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TOTALTEC graduates urged to be uncompromising with safety

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TOTALTEC Oilfield Services Guyana Inc. on Monday held a graduation ceremony for its first batch of oilfield operators who are now equipped with world class capacity to work in the oil and gas industry. The TOTALTEC Academy Oilfield Safety &...
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Regulators should be politically and financially independent says head of Mexico’s ASEA

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Executive Director of Mexico’s National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector, Carlos De Regules Ruiz Funes says Guyana has the unique ability of “getting it right from the start” but key to this is...
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Guyana must strengthen legislative framework to fight corruption – Political Risk Analyst

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It is of critical importance that with just two years away from ‘first oil’ the Government of Guyana focuses on strengthening its legislative framework so that it can effectively fight corruption. This is the advice being shared by Thiago de...
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BP continues to build on success of 2017

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(Forbes) At last week’s AGM held at Manchester Central Convention Complex, Bob Dudley, BP group chief executive took the opportunity to extol the company’s progress this year. The highlight was the start of seven major projects on time and...
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Guyana expected to play key role in South America’s petroleum output over next decade

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South America’s oil and gas output is expected to stay rather flat over the next five years, increasing to around 11.7 million barrels of oil equivalent per day (boe/d) by 2025, says Norway-based Rystad Energy. The declining production from...
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ExxonMobil aiming to curb gas flaring by 25% in less than 2 years

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US oil major ExxonMobil said on Wednesday it intends to cut back on natural gas flaring by 25% and methane emissions by 15% in less than two years. The announcement is part of the company’s greenhouse gas reduction measures which...
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Except for Venezuela Latin America O&G outlook stable says Moody’s

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The outlook for the Latin American oil and gas industry is stable, Moody's Investors Service says in a new report. Over the next 12 to 18 months, favorable economic and regulatory environments will support solid operating results for the...
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Jamaica encouraged by 3D oil and gas surveys

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(Amsterdam News) Jamaica is fancying its chances of becoming the latest Caribbean Community nation after Guyana to find commercial quantities of oil and gas in the wake of encouraging indications from the most recent round of offshore surveys. Jamaican authorities...
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Venezuela’s slump, Iran sanctions and oil prices: a potent cocktail brewing?

OilNOW -
Global oil supply will break through the 100 million b/d mark for the first time later this year. Producers the world over, through innovation and risk-taking, have invariably contrived to meet the unstoppable train that is demand growth, says...
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Hammerhead gas to flow through pipeline as soon as project starts

Gas from ExxonMobil’s newly sanctioned Hammerhead development will begin flowing immediately through Guyana’s Gas-to-Energy (GtE) pipeline once production starts...

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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