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Private Sector body ramping up efforts to prep Guyanese businesses for O&G

OilNOW -
Guyana’s Private Sector Commission (PSC) is spearheading a seminar scheduled to be held on Tuesday that will focus on opportunities and perspectives for the local business community in the country’s emerging oil and gas sector. PSC Chairman, Eddie Boyer, told...
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Westwood predicts surge in FPSO orders

OilNOW -
(Energy Voice) According to its latest world floating production systems tracker, capital expenditure will hit $51 billion in the next five years. Westwood says 17 orders are expected to be made this year, up from 15 in 2017 and zero...
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Guyana reviewing Japanese O&G ‘Master Plan’

OilNOW -
An Oil and Gas Master Plan developed by Mitsubishi Corporation and Chiyoda Corporation in collaboration with the Government of Japan is currently being reviewed by authorities in the South American country of Guyana. According to a statement from the Ministry...
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ExxonMobil says it is not responsible for unknown substance on Georgetown seashore

OilNOW -
The presence of a thick, black substance at the Guyana seashore is not as a result of oil exploration activities, according to ExxonMobil Guyana. This was confirmed by the company following reports in sections of the Guyanese media about the...
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ExxonMobil to join Stanford Strategic Energy Alliance

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Exxon Mobil Corporation (NYSE:XOM) announced Thursday that it will become the first founding member of the new Stanford Strategic Energy Alliance, an initiative that will examine ways to improve energy access, security and technology while reducing impacts on the environment. As...
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Payara and Pacora to be part of one development – ExxonMobil Guyana

OilNOW -
The short distance between the Payara and Pacora reservoirs offshore Guyana allows for a combined development utilizing a single Floating Production Storage and Offloading (FPSO) vessel. This would push the number of development projects offshore the South American country...
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Guyana revenue will go up if oil price increases

OilNOW -
Under the Production Sharing Agreement (PSA) between ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., its partners Hess and CNOOC Nexen and the Government of Guyana, movements in the price of oil will directly impact the revenue the country...
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Oil and gas spending in Canada set to fall 4th year in a row

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Statistics Canada says capital spending to extract oil and gas will fall for a fourth straight year in 2018. The federal agency says a survey of investment intentions in the oil patch found spending is expected to be about $33.2 billion this year,...
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ExxonMobil confirms 7th oil discovery; expects 500,000 barrels per day total production

OilNOW -
Exxon Mobil Corporation confirmed on Wednesday a 7th oil discovery off the Guyana coast at its Pacora-1 well. The company said it encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363...
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Exxon strikes oil again offshore Guyana in 7th discovery

OilNOW -
ExxonMobil has made its 7th oil discovery offshore the South American country of Guyana at the Pacora well, located approximately 4 miles from the Payara reservoir in the Stabroek Block. OilNOW understands that while the discovery is not the largest...
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Authorities say CGX has been treated fairly, insist no dispute exist with company

There is no dispute between CGX Energy and the Guyana government, the country's Minister of Natural Resources, Vickram Bharrat,...

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