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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

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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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Exxon records 57% increase in earnings; Guyana discoveries enhance upstream opportunities

OilNOW -
Exxon Mobil Corporation on Friday announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with...
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Oil revenue can radically transform tourism in Guyana – stakeholders say

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Tourism Stakeholders in Guyana believe that revenues from oil production could potentially advance the tourism sector, making the South American country one of the most talked about destinations in the world. This was the highlight of a Tourism, Oil and...
Exploration

President Granger approves Eco Atlantic’s transfer of 25% interest in Orinduik Block to Total Petroleum

OilNOW -
Eco (Atlantic) Oil & Gas Ltd said on Wednesday that Guyana’s President, David Granger, has approved the transfer of the 25% working interest in the Orinduik Block, offshore Guyana from Eco Atlantic (Guyana) Inc., a wholly owned subsidiary of the...
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Suriname eyeing closer cooperation between ‘Three Guianas’ in O&G

OilNOW -
Suriname hopes to sign a letter of intent with Guyana in December in which areas of cooperation for oil and gas would be clearly defined. Surinamese Minister of Natural Resources, Regilio Dodson says the the Memorandum of Understanding is likely to...
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Petrobras-led group drills first well in Peroba subsalt area

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A consortium of Petrobras, BP Energy and CNPC has started drilling its first well in the offshore Brazil Peroba subsalt area, Petrobras said Friday. According to an S&P Global Platts report, the group acquired the area during Brazil's third subsalt...
Exploration

Guyana Orinduik Block explorers looking to add additional well in 2019

OilNOW -
The partners in the Orinduik Block, offshore Guyana;Tullow (Operator), Total Petroleum SA, and Eco (Atlantic) Oil & Gas Ltd., are in discussions to accelerate their work programme and to consider adding an additional well in 2019. In an update released...
News

New oilfield services company launched in Guyana

OilNOW -
A new Oilfield Services company was on Wednesday afternoon launched in Georgetown Guyana, through a partnership between locally owned Mines Services Limited, TOTALTEC and Trinidadian Process Components Limited. The company, Jaguar Oilfield Services Guyana, Inc. will be providing products and...
News

Hammerhead appraisal could signal good tidings for Eco Atlantic

OilNOW -
“I think everyone hopes to be the next Cove, but the only one that really offers something like that is the Guyana blocks,” said Ashley Kelty, a Cantor analyst. “That’s the closest to Mozambique that we’ve had for a...
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Letter-to-the-Editor: Guyana’s oil deal is a model for Trinidad & Tobago

Dear Editor,  ExxonMobil’s success in Guyana continues to make waves, and now the company is preparing to resume exploration in...

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