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Discoveries

Liza 1 discovery was intentionally “downplayed” in lead-up to Guyana elections – former minister

OilNOW -
The biggest offshore oil discovery in 2015 and the first of its kind in the South American country of Guyana was intentionally downplayed in the weeks leading up to the country’s May 11, 2015 national elections. While the magnitude of...
News

Guyana, Suriname follow-up discussions on oil & gas set for November

OilNOW -
Following a meeting in Suriname on October 19 between Guyana’s Minister of Natural Resources Raphael Trotman and his counterpart in Suriname, Dr. Regilio J. Dodson, it was decided that a meeting will be held in Guyana in November at...
Exploration

US to offer 77 million acres for oil & gas exploration in Gulf of Mexico

OilNOW -
(Energy Business Review) The US Interior Department (DOI) has announced plans to offer 76.9 million acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida in lease sale for oil and gas exploration...
News

Guyana, Suriname mulling joint industrial venture for oil & gas

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, has described his recent participation in the annual meeting of the New Petroleum Producers Discussion Group in Suriname as fruitful. The New Petroleum Producers Discussion Group is an initiative of London-based Chatham House,...
News

Linden, Berbice businesses not fully aware of O&G preparations – GCCI President

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The Georgetown Chamber of Commerce and Industry’s (GCCI) three-day public lecture series on “Oil & Gas Sector Development and the draft Petroleum Commission Bill” began on Monday in the mining town of Linden, Region 10, then took place at Corentyne,...
News

Hess suffers $624M loss in 3rd quarter 2017

OilNOW -
Hess Corporation (NYSE: HES) today reported a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017 compared with a net loss of $339 million, or $1.12 per common share, in the third...
News

Hess is building a war chest to fund its $4.4 billion Guyana find

OilNOW -
(Bloomberg) With $2.7 billion in oilfield sales this week, Hess Corp. is making a calculated bet, giving up steady production today to help fund what could be one of the world’s biggest discoveries into the next decade. The oil explorer...
News

Guyana EITI candidature application approved

OilNOW -
The Extractive Industries Transparency Initiative (EITI) Board has approved Guyana’s EITI candidature application making the South American country the 53rd candidate of the global transparency body. OilNOW understands Guyana’s EITI National Coordinator, Dr. Rudy Jadoopat travelled to the Philippines to...
News

Guyana to consider Chevron’s quest for offshore acreage

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, says he is excited by the interest being shown by foreign companies looking to tap into the prospects of the country’s oil and gas sector. He made specific mention of US supermajor, Chevron,...
News

Berbicians briefed on Exxon business centre services

OilNOW -
ExxonMobil’s Centre for Local Business Development (CLBD) in Guyana on Monday met with residents and members of the Berbice business community at the Berbice Chamber of Commerce in New Amsterdam. This meeting follows a series of similar meetings with business...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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