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CNOOC Limited’s Egina Field commences production

OilNOW -
CNOOC Limited, a 25 percent stakeholder in Guyana’s prolific offshore Stabroek Block along with ExxonMobil (45 percent) and HESS (30 percent), announced on January 2, 2019 that its Egina Field, located in deepwater offshore Nigeria, has commenced production. The company...
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Guyana’s tenth oil discovery makes her a future Latin American powerhouse

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(Merco Press) Due to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said. The super-major announced its tenth Guyana discovery this week, increasing the...
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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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“Not a squeak from CARICOM” on Venezuela’s latest threat to Guyana’s sovereignty – Persaud

OilNOW -
Almost three days after Venezuela’s navy intercepted a survey vessel contracted to ExxonMobil operating in the western portion of Guyana’s Stabroek Block, the 15-member CARICOM body of which Guyana is a founder-member, is yet to issue a statement on...
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US says Guyana has sovereign right to explore resources offshore as country files complaint with UN

OilNOW -
The United States Department of State on Sunday said through its Deputy Spokesperson, Robert Palladino, that the South American country of Guyana has the sovereign right to explore resources off its coastline. The statement comes in response to what Guyana has...
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Guyana plans to lodge complaint with UN over ‘illegal, hostile interception’ of ExxonMobil vessel by Venezuelan navy

OilNOW -
Guyana said on Saturday evening that it will be lodging a formal complaint with the United Nations over what it described as an “illegal, aggressive and hostile act” perpetrated by the Government of Venezuela which saw the interception of...
News

Venezuelan military intercept ExxonMobil survey ship

OilNOW -
OilNow has learnt that the Venezuelan military has intercepted a seismic vessel which is contracted to ExxonMobil and which was carrying out survey works in the offshore Guyana Basin. ExxonMobil in an update said that it is in communication with the...
News

Defending territory is important to protect oil wealth

OilNOW -
It was disclosed by Guyana’s Minister of Foreign Affairs, Carl Greenidge, on Thursday that the Government has spent US$3.7M in 2018 to fight Guyana’s border case at the International Court of Justice (ICJ). “This business at the ICJ is a...
News

Hess expects free cash flow generation by 2022 – John Hess

OilNOW -
CEO of HESS Corporation John Hess said that despite the volatility in oil prices and the decline of financial markets, Hess has not changed its long-term strategy with a focus on executing it to deliver value to its shareholders...
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Guyana ahead of USA and Russia in 2018 oil discoveries

OilNOW -
Guyana leads the way ahead of industry giants the United States of America and Russia in terms of barrels of oil equivalent (boe) petroleum discoveries for the year 2018. According to a report from Rystad Energy, “2018 stands already as...
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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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