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Guyana plans to lodge complaint with UN over ‘illegal, hostile interception’ of ExxonMobil vessel by Venezuelan navy

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Guyana said on Saturday evening that it will be lodging a formal complaint with the United Nations over what it described as an “illegal, aggressive and hostile act” perpetrated by the Government of Venezuela which saw the interception of...
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Venezuelan military intercept ExxonMobil survey ship

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OilNow has learnt that the Venezuelan military has intercepted a seismic vessel which is contracted to ExxonMobil and which was carrying out survey works in the offshore Guyana Basin. ExxonMobil in an update said that it is in communication with the...
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Guyana for early elections

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Just over a year before the South American country of Guyana welcomes its proceeds from offshore oil and gas resources, it has been plunged into political turmoil. The Guyana Government which enjoyed a one-seat majority, was on Friday night defeated...
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Seismic activity believed to have triggered oil spill in T&T

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News outlets from Trinidad and Tobago are reporting that there has been an oil spill which has occurred in the Gulf of Paria, said to be off Plat­form 9 at the Sol­da­do North Fields in South­west Trinidad. Reports say that...
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Defending territory is important to protect oil wealth

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It was disclosed by Guyana’s Minister of Foreign Affairs, Carl Greenidge, on Thursday that the Government has spent US$3.7M in 2018 to fight Guyana’s border case at the International Court of Justice (ICJ). “This business at the ICJ is a...
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Russian air base in the region a breach to existing treaty – Greenidge

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Guyana is concerned about reports that Russia is considering setting up an air base in the Caribbean saying such an action contradicts an existing agreement. The country’s Foreign Minister Carl Greenidge referred to the 1968 Treaty of Tlatelolco for the...
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T&T’s regulatory oversight, succession planning weak

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…Anthony Paul on Petrotrin’s transition Energy Strategist from Trinidad and Tobago Anthony Paul believes two issues need to be seriously looked at if the transition since the demise of Petrotrin is to be a success – the regulatory framework and...
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ExxonMobil named Explorer of the Year

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ExxonMobil said today that it has been named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. Brad Corson,...
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CGX Energy Inc. contracts Ralph Coffman rig for Utakwaana well

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CGX Energy Inc. through its wholly owned subsidiary CGX Resources Inc. announced that it has entered into a definitive rig agreement with ROWAN RIGS S.À R.L for the provision of rig services for the drilling of the Company’s Utakwaaka-1...
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Hess expects free cash flow generation by 2022 – John Hess

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CEO of HESS Corporation John Hess said that despite the volatility in oil prices and the decline of financial markets, Hess has not changed its long-term strategy with a focus on executing it to deliver value to its shareholders...
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An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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