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...

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...

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...

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...

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...

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...

The contract for the drillship Noble Tom Madden, which has been drilling exploration wells in the Stabroek Block offshore Guyana for ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., is scheduled to come to an end mid February 2019,...

CNOOC Limited on December 18, 2018 announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. As...

The decision by US oil major ExxonMobil to conduct a new 3-D seismic survey on the western portion of the Stabroek Block offshore Guyana is a sign of confidence in the country’s internationally-recognised territorial zone. This, a former Minister...

PricewaterhouseCoopers Advisory Services Limited submitted an Expression of Interest (EOI) to the Government of Guyana (GoG) for a cost recovery audit consultancy in relation to ExxonMobil’s exploration activities in the Stabroek Block offshore Guyana. “We have the right experience, the...