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Analysts say ExxonMobil PSA in line with frontier countries worldwide

OilNOW -
As debate continues in the South American country of Guyana on the fiscal terms outlined in the Production Sharing Agreement (PSA) with US oil major ExxonMobil, UK-based Wood Mackenzie and Norwegian headquartered research company Rystad Energy say the agreement...
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TOTALTEC successfully completes 2nd equity finance raising

OilNOW -
TOTALTEC Oilfield Services Limited on February 28, 2018 successfully completed its second equity finance raising from a large international investor. However the price has not been disclosed. TOTALTEC is a partner in a major onshore infrastructure development project in Guyana...
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We need oil partners with clout and bravery in face of territorial aggression – Trotman

OilNOW -
Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
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Noble crew member wants fellow Guyanese to get on board

OilNOW -
A Guyanese crew member working on the Noble Bob Douglas drillship that will soon depart the Gulf of Mexico to begin development of the Liza oil field in the South American nation is calling on his countrymen to get...
News

Guyana President will directly oversee new Petroleum Department

OilNOW -
The Petroleum Department which is to be set up soon in Guyana will be directly guided by the country’s Head-of-State, President David Granger, while Minister of State, Joseph Harmon will handle all matters related to the Department, in the...
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One year earnings from oil equals 8 from gold – Business Minister

OilNOW -
The Guyana Government has collected just over US$300M in royalties and taxes from all the gold produced in the country over the last eight years which means in the first year of oil production, the country will earn about...
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ExxonMobil exits Russian ventures, continues success off Guyana

OilNOW -
(JPT) A busy week for ExxonMobil marked a continued company-wide transition for the world’s largest public oil and gas firm, headlined by its withdrawal from once-promising Russian joint ventures and its announcement of a seventh oil discovery off Guyana. According...
News

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...
News

ExxonMobil takes Bristow helicopters for Guyana ops

OilNOW -
(Offshore Energy) Offshore helicopter services provider Bristow has secured a multi-year contract to provide helicopter offshore crew change and search and rescue (SAR) services to support ExxonMobil in Guyana. The five-year deal, which is a renewal of an existing contract,...
News

Guyana President downplays ‘renegotiation’ of ExxonMobil contract

OilNOW -
Guyana’s Head of State, President David Granger has downplayed the notion of renegotiating the Production Sharing Agreement between the South American country and ExxonMobil affiliate - Esso Exploration and Production Guyana Limited. Speaking to members of the media on Wednesday...
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NewsShikema Dey -

Irfaan Ali charts oil-fueled, sustainable future as Guyana’s ninth President

Flanked by First Lady Arya Ali and their son Zayd, Irfaan Ali was sworn in on Sunday as Guyana’s...

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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