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

OilNOW -
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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Over 600 delegates, 200 companies onboard for Guyana’s largest oil conference & exhibition

OilNOW -
All systems are in place for staging of the second Guyana International Petroleum Exhibition (GIPEX) and summit set to open on Wednesday at the Marriott Hotel in Georgetown. Shariq AbdulHai, Managing Director of Valiant Business Media, the company organising the...
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AMCHAM, JHI set to discuss how Guyana arrived at first oil at pre GIPEX event

OilNOW -
The American Chamber of Commerce Guyana (AmCham) and JHI Associates Inc. are set to stage a discussion on how Guyana arrived at first oil, slated for Tuesday ahead of the opening of the country’s largest petroleum exhibition and conference...
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ExxonMobil briefs City Council on Guyana offshore operations

OilNOW -
As first oil from the giant Liza field offshore Guyana draws near, ExxonMobil – operator in the 6.6 million acres Stabroek block - updated officials of the Georgetown Mayor and City Council on the company’s operations in the South...
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Price tag for Brazil oil blocks was too high – Petrobras CEO

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Brazil’s largest-ever auction of oil deposits conducted just over a week ago was a total flop and CEO of state-controlled Petroleo Brasileiro SA says that the astronomic price tag and regulatory uncertainties are to blame. World Oil reported that Petrobras...
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Oil development data could help fuel Guyana eco-tourism

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A wealth of data collected during the Environmental Impact Assessment (EIA) study for ExxonMobil’s third proposed offshore development in Guyana could help boost the South American country’s reputation as a prime bird-watching destination. Recently, OilNOW published an article that spoke...
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Saudi Aramco targeting up to $1.7 trillion in IPO valuation

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Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the...
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A subsea giant could be in the making with Saipem, Subsea 7 merger

OilNOW -
A merger between Italian-based Saipem – one of ExxonMobil’s Prime Contractors for its offshore project in Guyana – and UK-based Subsea 7 would create a subsea giant in the oilfield services industry. Commenting on unconfirmed reports that such a merger...
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Total announces first oil from Brazil’s offshore Iara license

OilNOW -
French oil giant Total announced on Friday first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt in Brazil. According to a press release from the company, this development marks the start-up of the P-68,...
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Guyana must decide on pace of oil development – money now or later?

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe says the South American country of Guyana faces some tough decisions going forward as it relates to the pace of offshore oil development and that this must be taken...
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Letter-to-the-Editor: The Guyana Super League is redefining cricket in Guyana

As an aspiring cricketer and proud Guyanese, I’m excited to see how the Guyana Super League (GSL) is not...

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