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ExxonMobil ‘passionate’ about gas to shore project but no final decision yet – Brasington

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The prospect of bringing natural gas to shore in Guyana for the primary purpose of fueling power plants to produce low-cost electricity remains a project ExxonMobil is passionate about but the company says no final decision has yet been...
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T&T fishermen captured by Venezuelan authorities

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Trinidad and Tobago’s Ministry of National Security has confirmed that Venezuelan authorities trespassed into the country’s waters and seized three local fishermen, allegedly for illegally fishing in Venezuelan waters. Loop reports that in a statement issued Friday, the Ministry said the incident, which...
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ExxonMobil says it engaged fisher-folk, environmentalists to determine safe zone around FPSO

OilNOW -
ExxonMobil Guyana says discussions were held with fisher-folk and environmentalists to determine the appropriate safe zone to be established around the FPSO that will be producing oil from the Liza field in 2020. The company’s Senior Director, Public & Government Affairs, Kimberly...
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After targeting U.S. farms, China can strike America’s shale

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(Bloomberg) Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products targeted. The list also included petrochemicals and liquefied propane, indicating that the world’s biggest oil buyer...
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Analysts: Iran, Venezuela biggest political risks facing oil sector in 2018

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The largest political risks facing the oil and gas sector this year remain centered around Iran and Venezuela. That is the view of oil and gas analysts at BMI Research, who highlighted that uncertainty surrounding the future of sanctions on...
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Guyana wants Venezuela to leave Ankoko, stop threatening companies

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Guyana, in its filing against Venezuela at the International Court of Justice, is asking the body to declare that the Bolivarian Republic immediately withdraw from the eastern half of Ankoko Island and refrain from threatening or using force against...
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Venezuela as party to Geneva Agreement accepted jurisdiction of ICJ

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The position of the Nicolás Maduro administration that Venezuela does not recognize the International Court of Justice’s (ICJ) jurisdiction over its border controversy with Guyana is in contravention with the Bolivarian Republic’s consent to the Geneva Agreement. Guyana, in its Application...
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Wood Mack expects around 30 major projects to reach FID in 2018

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Industry analyst Wood Mackenzie says a significant recovery in upstream Final Investment Decisions (FID) was evident in 2017 with the number of project sanctions more than doubling from 2016. The unit says it expects a similar story in 2018...
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Deodat Indar reelected to 2nd term as GCCI president; promises renewed push for Guyanese businesses in O&G

OilNOW -
Deodat Indar was on Thursday reelected to serve a second term as President of the Georgetown Chamber of Commerce and Industry (GCCI). The business group held its 128th Annual General Meeting at the Roraima Duke Lodge in Guyana’s capital Georgetown on...
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BHP Billiton could begin hunt for petroleum in Barbados by next year

OilNOW -
Australia based BHP Billiton could begin its hunt for petroleum in the Caribbean territory of Barbados as early as 2019. The island’s Minister with responsibility for Energy, Senator Darcy Boyce, speaking at a symposium in Trinidad held in March,...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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