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US must play key role in supporting democracy in Guyana, help country avoid ‘descent into chaos’ – Evan Ellis

OilNOW -
A senior Associate attached to the Center for Strategic and International Studies (CSIS) - a think tank based in Washington, D.C. – believes the United States has a vested interest in ensuring that the emerging South American oil giant,...
News

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

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

WoodMac estimates Pluma could contain 300 million barrels of oil

OilNOW -
Industry analyst Wood Mackenzie estimates that ExxonMobil’s 10th discovery off the Guyana coast at the Pluma 1 well could add an additional 300 million barrels of oil to what is a rapidly growing resource base for the US oil...
News

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

OilNOW -
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...
Exploration

ExxonMobil begins drilling at Haimara; major development options seen at Turbot

OilNOW -
US oil major ExxonMobil said on Monday that it has begun drilling the Haimara-1 exploration well offshore the South American country of Guyana - the first of two planned wells in January. The Stena Carron drillship is drilling the well,...
News

Liza Phase 1 moves into ‘peak execution’ – ExxonMobil

OilNOW -
ExxonMobil said on Monday that work on the Liza Phase 1 development offshore Guyana is progressing and has moved into its peak execution phase ahead of expected startup in early 2020. “Drilling of development wells in the Liza field is...
News

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

OilNOW -
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,...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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