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Venezuela fails to provide reasons why it thinks ICJ cannot hear border case with Guyana

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After asserting that the International Court of Justice (ICJ) has no jurisdiction to hear the case involving its claim over Guyana’s territory, Venezuela today failed to make a submission in support of its argument. The Guyana government said on Thursday...
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ExxonMobil makes 13th discovery offshore Guyana

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ExxonMobil said on Thursday it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent...
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Venezuela turmoil puts a pause on Dragon Gas deal with Trinidad and Tobago

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Deteriorating conditions in Venezuela, home of the world’s largest oil reserves, is obstructing a deal with neighbouring Trinidad and Tobago to transport gas over a 17 km pipeline from the Dragon Gas Field to the Hibiscus platform, in the...
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BHP makes hydrocarbon discovery offshore Trinidad

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Australian company BHP announced that it has made commercial discovery of hydrocarbons offshore Trinidad and Tobago during the first quarter of 2019, on the heels of a gas discovery at the Bongos-2 well in the north last year. The find...
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ExxonMobil plugs GYD$20M more into Guyana STEM programme

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ExxonMobil Guyana committed GYD$20M on Tuesday to a programme focusing on Science, Technology, Engineering and Mathematics (STEM) as part of an ongoing partnership with the Volunteer Youth Corps (VYC) that has seen annual contributions from the company. VYC began its...
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Boosting capacity crucial to Guyana’s management of oil & gas sector – World Bank

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Recognising that Guyana’s institutional capacity to oversee and manage the Oil and Gas sector “is limited in the various relevant government ministries, commissions and other departments” the World Bank says enhancing this capability is crucial if the South American...
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Right-wing party wins power in Canada’s oil region, attacks Trudeau on environment

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(Reuters) - A right-of-center party swept to power in Canada’s main oil-producing province of Alberta on Tuesday and attacked Prime Minister Justin Trudeau’s efforts to fight climate change, raising tension just months ahead of a federal election. The United Conservative...
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Exxon adds 2.6 million acres to Argentina upstream holdings

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ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its...
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Liza world class returns puts it on par with the best Brazil pre-salt has to offer – WoodMac

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Industry analyst Wood Mackenzie says the Liza Complex in Guyana is one of the largest and best deepwater projects in the world and is playing a key role in the exploration frenzy unfolding on the South American continent. “A winning...
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Oil slips to $71, hit by talk of higher OPEC+ production

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(Reuters) - Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts. Analysts on average expect U.S. crude stockpiles to have risen...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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