News

Guyana welcomes delegates, exhibitors to GIPEX 2019

Hundreds of delegates and exhibitors from countries around the world have arrived in Guyana for the staging of the second edition of the country’s largest oil and gas conference and exhibition – GIPEX 2019.  The three-day event will open...

Petrobras set to become world’s largest oil producer

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing, receiving muted interest...

ConocoPhillips targets $50 billion free cash flow over next decade

ConocoPhillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade. The announcement comes as investors,...

Guyanese students learn about offshore exploration at public forum

JHI Associates Inc. in collaboration with the American Chamber of Commerce Guyana (AMCHAM) on Tuesday held a forum in Georgetown targeting high school and university students on the geology and geophysics of oil exploration. During the event held at Roraima...

GTT pumps US$60K into GIPEX 2019

GTT, Guyana’s largest telecommunications company, has tripled its sponsorship of the Guyana Petroleum Business Summit and Exhibition (GIPEX) , having deemed the annual event as a crucial forum for the country’s emerging oil and gas sector. “This high-level, international business...

Exhibitors prepping for GIPEX opening

The opening of the second edition of Guyana’s largest oil and gas conference and exhibition is now less than 24 hours away and companies are pulling out all the stops in preparation for the 3-day event. When OilNOW visited the...

ExxonMobil engages UG students on geology of South American Basin

At a two-day workshop on South America Basin Analysis and Hydrocarbon Systems for University of Guyana Geology students, ExxonMobil geo scientists delved into details of its exploration work exposing the students to the possible careers that they can aspire...

600 Guyanese companies working in oil and gas – CLBD

Guyanese companies working in the South American country’s emerging oil and gas industry face a race against time to bring themselves up to the required industry standards and the Centre for Local Business Development (CLBD) is supporting such entities...

Petroleum negotiators association set to launch in Guyana

The Association of International Petroleum Negotiators (AIPN) - an independent not-for-profit professional membership association that supports international energy negotiators around the world – will launch on Tuesday November 19, 2019 in Georgetown, Guyana. As one of its main objectives, AIPN...

Exxon to divest $15 billion in assets by 2021 as development of Guyana oil fields progress

US oil major ExxonMobil is among several global giants in the oil and gas industry looking to sell assets that could fetch a total of $27.5 billion according to Rystad Energy’s latest assessment. The plans by Exxon to divest...

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Keystone Consulting debuts at OTC: set to deliver grounded market intelligence on Guyana, region 

Houston, Texas, United States - Keystone Consulting (Guyana) Inc., a new research, marketing, and business intelligence firm, was officially...