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Chevron Venezuela output continues decline

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(Upstream) Chevron has continued to see a decline in production from its assets in Venezuela as the company acknowledged ongoing challenges in continuing to operate in the turbulent South American country. The US supermajor has continued to operate in Venezuela...
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O&G talks taken to Guyana’s Essequibo region

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Guyanese in the Essequibo region were on Friday July 26 given an opportunity to join in the creation of a process which would allow citizens to exercise influence over the ways in which Guyana’s oil and gas sector would...
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Trump administration passes sweeping economic sanctions against Venezuela

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While the Trump administration defended its most recent round of sanctions against the government of Venezuela, President Nicolas Maduro’s foreign ministry denounced the order calling it "another serious aggression by the Trump administration through arbitrary economic terrorism against the Venezuelan...
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Oil Revenue: Finance Minister supports lowering taxes, assistance for the vulnerable

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Guyana’s Minister of Finance, Winston Jordan, believes a structured approach must be adopted to ensure Guyanese can benefit meaningfully from oil revenue. Mr. Jordan favours assistance for vulnerable groups but is not in support of random cash payouts to...
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CNOOC to take majority interest in West African petroleum licenses

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(Reuters) - Australian oil and gas explorer FAR Ltd, which holds a stake in licenses for oil drilling off the coast of West Africa’s Guinea-Bissau, said a unit of China National Offshore Oil Corp will take a majority stake...
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Exxon targeting Tripletail, Uaru, and Mako as oil hunt intensifies offshore Guyana

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With more than 6 billion barrels of oil already discovered off the Guyana coast, ExxonMobil is leaving no stone unturned in its quest to find more crude in the 6.6 million acres Stabroek Block. The US oil major is...
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6 billion barrels-plus estimate will climb when resources from multiple wells are finalized

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Resources from several wells are still to be finalized even as ExxonMobil and its co-venturers in Guyana up the estimate to 6 billion plus barrels of oil equivalent discovered so far in the South American country. “We've had three further...
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CGX moving to execute seismic survey on northern region of Corentyne block ahead of drill campaign

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CGX Energy said Friday that a resequencing of its work programme in the Corentyne block has been approved by means of an addendum to its Corentyne Petroleum Agreement by the Government of the Cooperative Republic of Guyana. CGX Resources...
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Exxon earns $3.1 billion in Q2 2019 as Liza 1 approaches start-up

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Exxon Mobil Corporation on Friday announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier. Earnings included a favorable identified item of about $500 million, or $0.12...
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Guyana seeking expert to review Payara development plan

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Authorities in Guyana have begun the process for hiring an expert to review the Field Development Plan (FDP) submitted by US oil major ExxonMobil for the 220,000 barrels per day Payara Development. “The Department of Energy (DE) has received the...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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