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36 companies set to bid for blocks in Mexico’s next round

OilNOW -
(Hart Energy) An opportunity to develop and produce oil from the Burgos, Tampico-Misantla-Veracruz and Cuencas del Sureste (Southeast) basins has attracted three dozen companies—including the U.K.’s BP, Capricorn Energy and Premier Oil—to Mexico. Mexico’s National Hydrocarbons Commission (CNH) said 36...
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Guyana basin still risky for oil companies – Source

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The notion that the Guyana basin has been completely de-risked because of the multiple oil discoveries made by US oil major, ExxonMobil, is misleading says a source. Speaking to OilNOW on condition of anonymity, the source said discoveries by a...
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“All legal requirements fulfilled in issuing petroleum license” says Guyana gov’t

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The Government of Guyana has once again reiterated its position that all legal requirements were fulfilled in the issuance of petroleum production licenses to all oil exploration companies operating in the South American country. In a public correspondence on Friday,...
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ExxonMobil to begin new hunt for oil at Sorubim-1 well in Guyana

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On March 30, 2018, ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) and its joint venture partners Hess and CNOOC Nexen will commence drilling operations at the Sorubim-1 well within the Stabroek Block of the Guyana Maritime Zone. The...
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India sets sights on Guyana’s oil basin

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The Indian Government is showing interest in Guyana’s emerging petroleum industry; not only as a potential source of crude for its growing domestic demand but also for its own exploration activities. The Asian giant’s Plenipotentiary Representative to Guyana, High Commissioner...
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Fr. Commonwealth SG leads Guyana defense in ICJ border case   

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Former Commonwealth Secretary-General, Sir Shridath Ramphal, will again lead the Guyanese legal team of defense lawyers in a border controversy case, this time against Venezuela - to be called shortly by the International Court of Justice (ICJ). The confirmation was...
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Guyana could sell oil to CARICOM at preferential rates

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Guyana - the latest and soon-to-be greatest producer of oil in the Caribbean Community (CARICOM) could sell the commodity to member states at preferential rates, similar to a special facility Venezuela set up in 2005 under the Petrocaribe agreement. Up...
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It’s disastrous to tear-up ExxonMobil contract now – Oxford Prof.

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Oxford University Professor of Economics and Public Policy, Sir Paul Collier, has warned it would be disastrous for Guyana to "tear-up" its Production Sharing Agreement with US oil major ExxonMobil. The Professor met with senior members of the Guyanese media...
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Guyanese urged to get out of poverty now before oil is left in the ground

OilNOW -
This is Guyana's chance to get out of poverty and the country should take it, since in the coming years a good deal of the oil discovered in the offshore basin, will remain just there. This is the advice...
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Ghana defends ‘direct negotiation’ with ExxonMobil; says company best-positioned for ultra-deep operations

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Ghana’s Minister of Energy, Boakye Agyarko, says the Government signed an oil exploration contract with ExxonMobil to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver. According to a Ghana Broadcasting Corporation...
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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana today announced that the country’s daily oil production has reached a new milestone of 900,000 barrels per...

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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