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OTC 2019: Chamber President expects increased partnerships

OilNOW -
Guyanese business representatives participating at the Offshore Technology Conference in Houston, Texas, are excited about the attention received on the first day of the event. The President of one of the largest groups representing businesses in the South American...
News

Major interest shown in Guyana on day 1 of OTC 2019

OilNOW -
On just the first day of the Offshore Technology Conference (OTC 2019) Guyanese officials and business representatives are already reporting major interest being shown in the country by participants at the event. The 600 square foot Guyanese booth saw heavy...
News

Arrived and ready – Guyana contingent all set for OTC opening

OilNOW -
The contingent from South America’s newest oil and gas hotspot has arrived in Houston, Texas, and is all set to participate in the largest oil and gas sector trade show in the world – Offshore Technology Conference 2019. “Excited to...
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CGX begins survey ahead of Utakwaaka-1 drill campaign

OilNOW -
CGX Energy is moving to undertake a shallow hazard survey at the Utakwaaka-1 well site within the Corentyne Block, offshore the South American country of Guyana. The operation, set to begin on May 5 and conclude on May 31, will...
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Guyana approves Frontera/CGX farm-in

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Director of the Department of Energy Dr Mark Bynoe said that the Government of Guyana has given its approval for the farm-in joint venture agreement between CGX Energy and Frontera Energy Corporation for exploration in the Corentyne and Demerara...
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ExxonMobil to proceed with US$6 billion Liza Phase 2 project in Guyana

OilNOW -
US oil major ExxonMobil announced on Friday it will be proceeding with its US$6 billion Liza Phase 2 Development project offshore the South American country of Guyana. ExxonMobil’s announcement comes just after Director of Guyana’s Department of Energy, Dr. Mark...
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Large Guyana contingent for OTC 2019

OilNOW -
The South American country of Guyana will be sending a large contingent to the upcoming Offshore Technology Conference (OTC) to be held from May 6 to 9 at the NRG Park, Houston, Texas. The Government of Guyana through the Guyana...
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Hess doesn’t expect court ruling on no confidence vote to affect Guyana operations

OilNOW -
Hess Corporation, a partner in the ExxonMobil-led consortium operating offshore Guyana, does not expect a ruling over the coming month by the Caribbean Court of Justice (ICJ) on a no-confidence vote, to affect oil operations. Company officials were asked on...
News

BP profits fall on oil-price volatility

OilNOW -
(Market Watch) BP PLC said Tuesday its profit dropped by 12% in the first quarter due to a weaker oil price environment at the start of 2019, echoing anemic quarterly results recently reported by other Big Oil companies. U.K.-based BP...
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New wells drilled to the moon and back by 2023

OilNOW -
Rystad Energy forecasts that more than 1 million kilometers of new oil and gas wells will be drilled over the next five years. The Norway-based energy research and business intelligence company said the collective depth of these wells is the...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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