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“The Good Offices process as Guyanese know it has finished” – VP Greenidge

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Venezuela has objected to a decision by United Nation’s (UN) Secretary General (SG), Antonio Gueteres, to refer its border objections with Guyana to the International Court of Justice, calling instead for a continued ‘Good Offices’ mechanism. The former British Colony...
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GIPEX registration approaching maximum capacity; organisers prepare for grand opening

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With just 24 hours remaining before the inaugural Guyana International Petroleum Exhibition and Summit (GIPEX) begins, organisers say registration is approaching maximum capacity, even as more persons look to sign on to participate in the signature event. “For the inaugural...
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Total buys stakes in offshore Guyana blocks

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French oil company Total said on Monday it has signed agreements to acquire interests into two exploration licenses offshore Guyana; the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for the nearby...
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All systems in place for GIPEX 2018

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Preparations were in high gear over the weekend at the Guyana Marriott Hotel for the staging of the South American country’s first official oil & gas summit and exhibition set to get underway on Wednesday. Workers were busy setting up...
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GIPEX Platinum sponsor ready to deliver on ‘every need of O&G sector’

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Guyana International Petroleum Exhibition and Summit (GIPEX) 2018 Platinum Sponsor GTT, a telecommunications service provider in Guyana, says it is ready to deliver on “the every need of the oil and gas sector” in the South American country and...
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China’s CNOOC plans to ramp up spending by at least 40 percent in 2018

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Chinese offshore oil and gas company CNOOC Ltd said on Thursday it planned to ramp up spending by at least 40 percent in 2018, as well as raise production, thanks to a more “suitable” oil price, Reuters reports. CNOOC Nexen...
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Exxon moving to develop Payara by 2023; Guyana oil production could hit 450,000 bpd

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Exxon Mobil Corporation could sanction its third development project offshore the South American country of Guyana as early as 2023. The company’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury told participants during its fourth quarter earnings call...
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Ranger-1 gives ExxonMobil new insight into Stabroek Block potential

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ExxonMobil’s recent oil discovery at the Ranger-1 reservoir offshore Guyana is particularly significant because it demonstrates that potentially significant commercial quantities of crude is contained in a different type of play on the Stabroek Block. The estimated total 3.2 billion...
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Exxon announces US$19.7B earnings for 2017

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Exxon Mobil Corporation announced on Friday its estimated 2017 earnings of $19.7 billion, or $4.63 per share assuming dilution, compared with $7.8 billion in 2016. U.S. federal tax reform in the fourth quarter resulted in a non-cash earnings gain of $5.9 billion,...
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Chevron announces major oil discovery in deepwater Gulf of Mexico

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Chevron Corporation (NYSE:CVX) has made a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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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