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Deepwater CAPEX to hit US$60B by 2022: Guyana among countries pushing rise

OilNOW -
South American emerging oil and gas powerhouse, Guyana, is listed among a handful of countries pushing a rise in annual deepwater capital expenditure. In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following...
News

Liza Phase 2 Environmental Impact Assessment approved

OilNOW -
The Environmental Protection Agency (EPA) in Guyana has approved the final Environmental Impact Assessment Report for ExxonMobil affiliate Esso Exploration and Production Guyana Limited’s (EEPGL) Liza Phase 2 Development Project. The EIA covers development of production facilities in the...
News

Historic Guyana-Aberdeen Trade Mission on this week

OilNOW -
British High Commissioner to Guyana, Greg Quinn, will be leading a delegation of Guyanese business representatives to Aberdeen, Scotland from November 27 to 29. Aberdeen is considered the oil capital of Europe and the number of jobs that have been created by the...
News

Favourable reservoir conditions and break-evens for development make Guyana a safe bet

OilNOW -
US oil major ExxonMobil is rapidly developing vast oil reserves discovered off the Guyana coast in what analysts say are ideal conditions for a solid return on investment that will result in massive revenue for the company and its...
News

US support shows all parties now consider Venezuelan claim “unacceptable and fabricated”- Greenidge

OilNOW -
Guyana’s Foreign Affairs Minister Carl Greenidge has described as significant, the decision taken by the United States of America to stand behind Guyana on the controversy with neighbouring Venezuela. At a farewell reception for US Ambassador Perry Holloway on Friday...
News

Alan Rootenberg sells 16,500 shares of Eco Atlantic stock

OilNOW -
Eco Atlantic Oil & Gas Ltd (CVE:EOG) insider Alan Rootenberg sold 16,500 shares of the company’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of C$0.85, for a total transaction of C$14,025.00. Shares...
News

Chevron, ExxonMobil weigh bids for Endeavor Energy

OilNOW -
(Bloomberg) Chevron Corp. and Exxon Mobil Corp. are among the companies considering first-round bids this month for closely held oil producer Endeavor Energy Resources LP, according to people with knowledge of the matter. The two oil majors may be joined...
Opinions

Local Content Policy for Guyana: Maximizing Economic Benefits

Bobby Gossai, Jr. -
Increasing hydrocarbons finds offshore Guyana will offer significant opportunities to the country to fast track economic development and ensure that public welfare improvements are delivered to the citizens. One approach to doing so which should be adopted is to...
Exploration

Guyana halts issuance of exploration licenses for one year

OilNOW -
As the Guyana Government’s Energy Department works to increase its capacity, update legislation and have a better understanding of the local and global petroleum sector, it has put a moratorium on the granting of new exploration licenses. This was disclosed...
News

“We in Canada are here to help you not exploit you” – High Commissioner Chatterjee

OilNOW -
Canadian High Commissioner to Guyana Lilian Chatterjee sees a bright future ahead for the soon-to-be oil producing South American country and is making it clear that Canada is looking to help and not exploit Guyana. Speaking at the launch of...
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Latest News

NewsOilNOW -

Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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