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BP takes FID on Thunder Horse South 2

OilNOW -
(Upstream) BP has taken a final investment decision to develop a second phase of expansion in the southern reaches of its Thunder Horse field in the deep-water Gulf of Mexico. The development is expected to add an estimated 50,000 barrels...
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Arrived and ready – Guyana contingent all set for OTC opening

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The contingent from South America’s newest oil and gas hotspot has arrived in Houston, Texas, and is all set to participate in the largest oil and gas sector trade show in the world – Offshore Technology Conference 2019. “Excited to...
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Occidental revises Anadarko bid

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Occidental Petroleum has revised its takeover offer for fellow US company Anadarko Petroleum, offering to pay mostly cash, Upstream said in a May 6 report. Occidental launched a $57 billion offer last month for Anadarko split 50:50 between stocks and cash, offering...
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Key Guyana agencies get technical training in oil & gas

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Guyana’s Department of Energy (DE) on Friday concluded a two-day capacity building workshop which focused on Field Development Planning for the oil and gas sector. Those benefitting from it were officers from the Guyana Geology and Mines Commission’s Petroleum...
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CGX begins survey ahead of Utakwaaka-1 drill campaign

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CGX Energy is moving to undertake a shallow hazard survey at the Utakwaaka-1 well site within the Corentyne Block, offshore the South American country of Guyana. The operation, set to begin on May 5 and conclude on May 31, will...
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Guyana approves Frontera/CGX farm-in

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Director of the Department of Energy Dr Mark Bynoe said that the Government of Guyana has given its approval for the farm-in joint venture agreement between CGX Energy and Frontera Energy Corporation for exploration in the Corentyne and Demerara...
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ExxonMobil to proceed with US$6 billion Liza Phase 2 project in Guyana

OilNOW -
US oil major ExxonMobil announced on Friday it will be proceeding with its US$6 billion Liza Phase 2 Development project offshore the South American country of Guyana. ExxonMobil’s announcement comes just after Director of Guyana’s Department of Energy, Dr. Mark...
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Large Guyana contingent for OTC 2019

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The South American country of Guyana will be sending a large contingent to the upcoming Offshore Technology Conference (OTC) to be held from May 6 to 9 at the NRG Park, Houston, Texas. The Government of Guyana through the Guyana...
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Oil & gas contributed GY$2.8 billion in revenue to Guyana in 2017

OilNOW -
The recently released Guyana Extractive Industries Transparency Initiative (GYEITI) country report for the year 2017 said with regards to government revenues, the oil and gas sector contributed some $2,860,000,000 (USD14,300,000). The report which was compiled over the course of 2018...
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Guyana EPA says all environmental requirements met for Liza Phase 2

OilNOW -
The Environmental Protection Agency (EPA) in Guyana says all requirements for which it has responsibility have been met by ExxonMobil Guyana for the 220,000 bpd Liza Phase 2 Development Project. Executive Director of the EPA, Dr. Vincent Adams, told OilNOW...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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