Saturday, September 18, 2021

News

ExxonMobil recommits to global support for malaria

In recognition of World Malaria Day, ExxonMobil announced on Tuesday that it is renewing support for local and global organizations working to end malaria around the world. Grants made this year will continue ExxonMobil’s longstanding support for efforts to...

Exxon making big time push for shale in South America

ExxonMobil Corporation will spend close to one billion dollars this year to ramp up the production of natural gas at the Vaca Muerta shale play located in Neuquen, Argentina. The governor of Neuquen province, Omar Gutierrez, said in a statement...

Petroleum Bill to be taken to Guyana law making body May 8

The Government of Guyana is preparing to table the Petroleum Commission of Guyana Bill 2017 at the next sitting of the country’s National Assembly, slated for May 8, 2017. The Bill is just one of the measures being put...

Apache hits dry well offshore Suriname

Apache Oil and Gas Corporation has failed to find commercial quantities of oil at its Kolibrie-1 well, offshore Suriname. The closely-watched drilling operations took place 129km off the coast of the South American country, in Block 53. The Noble Douglas drill...

CGX back in the game; looking to drill 6 wells over next 2yrs offshore Guyana

Canadian-based oil and gas exploration company CGX Energy Inc. will soon recommence exploration work offshore Guyana and aims to drill as much as 6 wells over the next two years. CGX had come up empty-handed on previous attempts to...

SBM proud to be building FPSO for Liza development, production in Guyana

SBM Offshore, the company awarded contracts for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana, is excited to be undertaking this project that would help catapult the South American country into...

Trump blocks Exxon from drilling for oil in Russia

(CNN) The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia. "The Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," Treasury Secretary Steven...

Guyana to establish national oil company by 2018, petroleum institute in 2020

Major plans are being put in place in preparation for oil production in the South American nation of Guyana where recent large discoveries of high quality crude were made 120 miles offshore. The country’s natural resources minister, Raphael Trotman,...

EPA expects full consultation as Guyana gears up for oil production

With oil production set to begin in Guyana by 2020, the country’s Environmental Protection Agency (EPA) said it expects to be fully consulted on environmental management and sustainable use of the South American nation’s natural resources. EPA’s representative, Aminah Damon,...

Hess to plug US$475M into Stabroek block offshore Guyana this year

Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of Guyana this year. The now world-famous oil field is home to the Liza and other...

Latest News

Guyana’s oil and gas development will offer another strong rebuke against Venezuelan aggression

By Wazim Mowla – OilNOW The development of Guyana’s oil and gas sector is its best chance to maintain its...