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Military chief urges soldiers to be vigilant against trans-border crime as O&G industry takes off

OilNOW -
Chief of Staff of the Guyana Defence Force (GDF) Brigadier Patrick West is urging ranks to be vigilant and guard against new border threats which may emerge with the advent of the South American country’s oil and gas industry. This...
Exploration

Exploratory wells in the Orinduik Block to cost around US$35M

OilNOW -
The cost for exploratory wells in the Orinduik Block is expected to amount to approximately US$35M with Eco Atlantic’s participating interest anticipated to be around US$5.25 Million per well. The company has since entered into an option agreement on the block...
News

Regulator cuts UK oil and gas estimates

OilNOW -
(BBC) The oil and gas offshore industry regulator has reduced its estimates of the amount of known oil and gas left under UK waters. The amount in known reserves and capable of extraction has dropped from 6.3 billion barrels to...
News

Oil production in Guyana could hit 400,000 bpd by 2026 – WoodMac

OilNOW -
Industry analyst Wood Mackenzie believes oil production in Guyana could reach as high as 400,000 barrels per day by 2026 as multiple phases of development and production come on stream. Pablo Medina, Wood Mackenzie`s senior analyst, Latin America, said ExxonMobil’s fifth...
News

ExxonMobil Guyana issues warning about reported fraudulent activities

OilNOW -
ExxonMobil and its Affiliate, Esso Exploration and Production Guyana Limited (EEPGL) on Tuesday issued a public advisory, alerting businesses and the public at large to the activities of persons and/or agencies falsely claiming to be representatives of ExxonMobil, and...
News

Exxon forged ahead despite Venezuela aggression, multiple risks – Persaud

OilNOW -
In addition to the routine nature and types of risks involved in petroleum exploration and production, US super-major ExxonMobil was also faced with the prospect of aggression from Venezuela while it was searching offshore Guyana for oil. Writing in his...
News

Guyanese business group for Canada visit in November

OilNOW -
A group of Guyanese private sector representatives will be travelling to the Canadian Province of Newfoundland and Labrador to explore business opportunities in the oil and gas and supporting sectors. This was disclosed by Canadian High Commissioner to Guyana, Lilian Chatterjee,...
News

Made-in-Alberta action plan unveiled to protect 7,000 oil & gas jobs

OilNOW -
A Canadian oil and gas industry lobby group says a “made-in-Alberta solution” to reduce methane emissions rather than proposed federal regulations could mitigate the number of job losses in the province over the coming decade. According to a report in...
News

Shell bets big on Brazil as oil majors snap up offshore blocks

OilNOW -
Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil’s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-salt play to foreign...
News

Exxon says threat to gasolene demand from electric cars overblown

OilNOW -
(Bloomberg) Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown. Despite concern that electrification will render obsolete the gasolene-fueled internal combustion engine, the world’s biggest crude explorer says the 158 year-old oil industry won’t go gentle...
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NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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