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TechnipFMC’s Chairman calls it a day

OilNOW -
ExxonMobil Guyana Prime Contractor – TechnipFMC, announced on Wednesday that the company’s Executive Chairman, Thierry Pilenko has decided to retire from the Board of Directors, effective May 1, 2019, after the Company’s Annual General Meeting. Mr. Pilenko was appointed Executive...
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Guyana should seek broader alliance with US military to ward off threat from ‘desperate Venezuelan regime’ – Former Minister

OilNOW -
A former Guyanese government official believes that a sustained programme to facilitate military tactical support and coordination between Guyana and the United States of America would help to deter further aggression from Venezuela. Former Minister of Natural Resources and the...
News

Lima Group won’t recognize Maduro regime; calls on Venezuela to desist from violating sovereign rights of neighbours

OilNOW -
The Lima Group says it has no intention of recognizing the new Nicolás Maduro regime in Venezuela and called on the South American country to desist from violating the sovereign rights of its neighbours. In a joint statement issued on...
News

Venezuela becoming increasingly aggressive in push for more territory

OilNOW -
Reports indicate that Venezuela has signaled its intention to remap its Caribbean oil and gas prospects which is a move that could further escalate rising tensions between that country and neighbouring Guyana, which has of late become an oil...
News

Large-scale land, water remapping project to get underway in Guyana

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As it embarks on a project to remap the entire country, the Guyana Lands and Surveys Commission (GL&SC) is establishing a Hydrographic Surveying Unit to deal with a range of features including those related to offshore exploration. According to Chief...
News

US$65M expended with more than 300 local suppliers during 2018 from Exxon operations in Guyana

OilNOW -
ExxonMobil said in an update on Monday that throughout its activities in Guyana, the company continues to emphasize and promote direct benefits to local business. “More than 50 percent of the Guyana affiliate’s employees, contractors and subcontractors are Guyanese, a...
News

Venezuela urged to back off as Guyana vows to continue offshore exploration, development

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Guyana’s Foreign Minister, Carl Greenidge, said on Thursday that the oil-rich South American country has no intention of slowing down offshore exploration and development activities and reiterated that companies operating in the Stabroek Block will continue to execute their...
News

Venezuela made “reckless attempt” to land chopper on ExxonMobil survey vessel – Guyana Foreign Minister

OilNOW -
In what is being described as a reckless and illegal act, Foreign Minister of Guyana, Carl Greenidge, disclosed on Thursday that the Venezuelan navy attempted to land a chopper on a survey vessel contracted by US oil major ExxonMobil,...
News

‘Political developments’ won’t derail Guyana’s O&G preparations – Persaud

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Guyana's former Minister of Natural Resources and the Environment Robert Persaud believes that the current trajectory that the country is on with regards to its oil and gas preparations will be maintained notwithstanding the recent collapse of the coalition...
News

ExxonMobil says exploration and development drilling in Guyana unaffected following Venezuela navy incident

OilNOW -
ExxonMobil said on Wednesday that drilling and development operations offshore Guyana are unaffected by an incident which occurred on Saturday, December 22, in which survey vessels contracted by the company were intercepted in the Stabroek Block by the Venezuelan navy. In...
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Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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