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Brazil, Guyana stand out with huge ongoing investments in oil developments – WoodMac

OilNOW -
South American neighbours Brazil and Guyana are experiencing unprecedented investments in oil developments that will see production from these countries ballooning in coming years to more than 2.5 million b/d by 2025. Industry analyst Wood Mackenzie says the global deepwater...
News

Apache’s stock plunges to 18-year low on Suriname well disappointment

OilNOW -
Shares of Apache Corp. plunged on Monday, closing at the lowest price seen in 18 years, after the oil and natural gas producer provided a disappointing update of its first exploratory well in Block 58 offshore Suriname. MarketWatch said on...
News

Noble Don Taylor sails into Stabroek Block

OilNOW -
The drillship Noble Don Taylor has arrived offshore Guyana to begin a one-year contract for drill campaigns at the Stabroek Block, operated by US oil major ExxonMobil, with co-venturers Hess and China’s CNOOC. The Noble Don Taylor brings the total number...
News

Guyana prospects take centre stage at London Oil Talk

OilNOW -
The CASS Business School of the City of London in collaboration with the High Commission of Guyana and the London Business School's Energy Club held a well-attended discussion on Guyana’s oil discovery and its green future on Monday November...
News

GTT CEO urges Guyanese to focus on creating wealth, prosperity for self and family

OilNOW -
The CEO of the largest telecommunications company in Guyana is urging Guyanese to carefully consider how becoming an oil producing nation will significantly transform the country which has gone from having no known oil resources to more than 6...
Opinions

Oversight and controls for Guyana’s petroleum revenues

Bobby Gossai, Jr. -
Limitations on Types of Investments An oil revenue management law should limit an oil fund's investments to certain secure and non-speculative instruments. New oil revenue management law and petroleum fund law should provide for such limitations. As a fund becomes...
News

Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

OilNOW -
More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...
News

Guyana engaging oil companies to close skills gap

OilNOW -
Head of Guyana’s Department of Energy (DE) Dr Mark Bynoe says a large part of the Department’s engagement with oil companies is their contribution to education as part of the larger agenda for the South American country’s national development. Speaking...
News

GIPEX 2019: Oil wealth should be the catalyst to move to clean energy – Dr Bynoe

OilNOW -
Dr Mark Bynoe, Head of Guyana's Department of Energy, on Wednesday, reemphasized his agency's commitment to pursuing the country's green economy and using the oil resources to propel the South American nation into becoming an exemplar of clean energy...
News

TOTALTEC nominated for Oilfield Service Company of the Year

OilNOW -
Guyanese services company TOTALTEC Oilfield Services has announced that it has been shortlisted for Oilfield Services Company of the Year at this year’s World Energy Capital Assembly Awards to be held in London, December 4, 2019. A statement from TOTALTEC...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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