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Exxon debates abandoning some of its biggest oil and gas projects

OilNOW -
By Christopher M. Matthews, Emily Glazer - The Wall Street Journal (Fox Business) Exxon Mobil Corp.’s XOM 0.55% remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a...
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Chamber calls for Local Content Commission to monitor, enforce policy and regulations

OilNOW -
As the Georgetown Chamber of Commerce and Industry (GCCI) awaits the implementation of a Local Content Policy and legislation as promised by the government, the organisation is lobbying for the establishment of a Local Content Commission to ensure that...
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Guyana, UAE ink MoU to advance technical assistance, cooperation

OilNOW -
President of Guyana, Dr Irfaan Ali, today met with Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs of the United Arab Emirates, to advance closer relations between the two countries and to discuss key areas of technical...
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Norway group sees more upside to Guyana’s mega 10 billion barrel oil resources

OilNOW -
Guyana is one of the most promising plays to have been opened in the last decade following the discovery of the giant pre-salt reservoir in Brazil, says independent energy research and business intelligence company Rystad Energy. The new oil producing...
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Guyana on its way to racking up around US$600 million in oil sales by year end – Bharrat

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If Brent crude price continues to hover around US$85 a barrel, Guyana could comfortably get US$150M for its last two oil lifts this year says Natural Resources Minister, Vickram Bharrat. During an exclusive interview with OilNOW, the official recalled that...
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India says its open to oil supply term deal with OPEC+

OilNOW -
(S&P Global Platts) India is open to the idea of a term deal with OPEC + to ensure price stability in crude supplies, Oil Secretary Tarun Kapoor said Oct 20 at the India Energy Forum by CERAWeek, erasing volatile...
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Brent hits $86 before dipping by 79 cents as rally continues

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(Reuters) - Oil hit a three-year high above $86 a barrel on Thursday driven by tight supply and a global energy crunch, although prices eased as some investors took profits on signs the rally is looking overstretched. Helping to drive...
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Close to 70% of drilling at Kawa-1 completed, deepwater port activity progressing – CGX

OilNOW -
CGX and its Joint Venture partner Frontera said in an update on Wednesday that drilling operations at the Kawa-1 prospect on the Corentyne Block offshore Guyana are proceeding on schedule and the well is progressing without a major individual...
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Exxon provides US$45,000 weighbridge scale to landfill facility in Guyana

OilNOW -
ExxonMobil Guyana said on Wednesday it has provided a truck weighbridge scale to the Ministry of Local Government and Regional Development for use at the Haags Bosch Landfill site aback Eccles on the East Bank Demerara. The scale is...
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BHP encounters hydrocarbons at Calypso appraisal well in Trinidad

OilNOW -
BHP Group Ltd. said on Tuesday that it encountered hydrocarbons at the Calypso appraisal well Bongos-3 in Trinidad and Tobago and that it plans to perform other well operations as part of the drilling programme. “In Petroleum, the Calypso appraisal...
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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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