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ExxonMobil named Explorer of the Year

OilNOW -
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,...
News

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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Guyana ahead of USA and Russia in 2018 oil discoveries

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Guyana leads the way ahead of industry giants the United States of America and Russia in terms of barrels of oil equivalent (boe) petroleum discoveries for the year 2018. According to a report from Rystad Energy, “2018 stands already as...
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Noble Tom Madden’s contract with Esso ends February 2019

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The contract for the drillship Noble Tom Madden, which has been drilling exploration wells in the Stabroek Block offshore Guyana for ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., is scheduled to come to an end mid February 2019,...
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Kanuku and Orinduik are next blocks to watch offshore Guyana

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Stabroek is the “gift that keeps giving” offshore Guyana, but industry analyst Wood Mackenzie reminds that “it’s not the only block in the country” as drill campaigns are set to get underway in two other blocks with potential for...
Exploration

CNOOC inks cooperation agreements with 9 international oil companies

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CNOOC Limited on December 18, 2018 announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. As...
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Pact between Guyana and ExxonMobil ‘more than commercial’ in nature

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The decision by US oil major ExxonMobil to conduct a new 3-D seismic survey on the western portion of the Stabroek Block offshore Guyana is a sign of confidence in the country’s internationally-recognised territorial zone. This, a former Minister...
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PricewaterhouseCoopers submitted EOI for ExxonMobil cost recovery audit

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PricewaterhouseCoopers Advisory Services Limited submitted an Expression of Interest (EOI) to the Government of Guyana (GoG) for a cost recovery audit consultancy in relation to ExxonMobil’s exploration activities in the Stabroek Block offshore Guyana. “We have the right experience, the...
News

Upstream industry expected to thrive in 2019; Guyana among biggest sanctions

OilNOW -
As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry with the biggest project sanctions in deepwater oil expected to take place in Guyana and Brazil. In the recently published 2019...
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Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great”...

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