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Public engagement underway for Liza Phase 2 environmental authorization

OilNOW -
Officials from ExxonMobil Guyana were part of a team that recently met with stakeholders in Regions Five and Six for discussions on the impact of a potential Liza Phase 2 Development project. This Public Scoping Mission is being hosted in...
News

Deepwater Horizon claims facility approaches closure; BP to take $1.7B post-tax non-operating charge

OilNOW -
The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business...
News

GIPEX will play key role in showcasing Guyana – Exxon Country Manager

OilNOW -
Strategic Partner of the Inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX) - ExxonMobil Guyana - expects the event to play a key role in showcasing the South American Country of 750,000 people. Speaking at the official launch of...
News

Guyana could increase financial support to CARICOM from oil revenues – VP Greenidge

OilNOW -
The Caribbean Community (CARICOM) has not formally approached the Guyana Government regarding its increased contribution to the regional 13 member bloc of nations in light of its imminent influx of revenues from its oil and gas industry set to...
News

SeaRose FPSO operations suspended in Canada

OilNOW -
(Maritime Executive) The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has suspended operations at Husky Oil Operations' SeaRose FPSO after investigation into an incident last year when an iceberg entered the vessel's 0.25 nautical mile Ice Exclusion Area. The SeaRose FPSO is located in...
News

Norway hands out 75 new production licenses in record breaking round

OilNOW -
(Rigzone) Thirty-four companies have been offered a total of 75 new production licenses on the Norwegian Continental Shelf (NCS), in a record breaking APA (Awards in Pre-defined Areas) round. “Never before have this many production licenses been awarded in an...
Exploration

ExxonMobil signs deal for deepwater oil exploration off Ghana

OilNOW -
(Reuters) - Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender...
News

Motivated by Exxon’s discoveries; Tullow Oil, Eco Atlantic eyeing Orinduik Phase Two

OilNOW -
Exploration partners Tullow Oil plc and Eco (Atlantic) Oil & Gas Ltd have decided to move the Orinduik project, offshore Guyana, into Phase Two of its license, committing to a new programme of seismic exploration to gather at least...
News

GIPEX 2018 Launched: Major players in the O&G industry slated to participate

OilNOW -
Guyana will next month host a number of the world’s largest petroleum companies as the South American nation prepares to run its inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX) 2018. Built as the premier confab to promote the networking...
Exploration

Exploration to increase in 2018 but investment constraints remain

OilNOW -
(Rigzone) Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment. That is the view of oil and gas analysts at BMI Research, who highlighted that a recent...
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NewsKemol King -

Guyana gov’t can withdraw up to 96% of last year’s oil earnings in 2025 budget

The Guyana government can withdraw 96% of its 2024 earnings from the oil sector, based on the withdrawal rule...

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