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BHP to explore for petroleum offshore Barbados

OilNOW -
Barbados’ Ministry of Energy and Water Resources has issued effective offshore exploration licences for the Carlisle Bay and Bimshire blocks to BHP, said the island’s Government Information Service. The news bulletin issued on Wednesday, quoted Minister of Energy and Water...
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Tullow cutting jobs after poor Africa and Guyana results

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(Bloomberg) - Tullow Oil will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations. About 35 workers will become redundant, Tullow Kenya Managing Director Martin Mbogo...
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Hamley Case now chairing ABIS Energy (Guyana) Inc.

OilNOW -
In January 2020 Mr Hamley Case, former Guyana High Commissioner to the UK, Non-Resident Ambassador to France and to Russia, joined the Board of ABIS Energy (Guyana) Inc., a consultancy and investment firm with a focus on oil and...
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Halliburton advertises more positions to support Guyana operations

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As oilfield services and drilling technology giant Halliburton continues to increase its workforce for its Guyana operations, it has advertised for a number of technical positions including accountant, mechanic/technician, demand planner and forklift driver. The vacancies were published online by...
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ICJ to begin public hearings in South American oil producing neighbours’ border case

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The International Court of Justice (ICJ), the principal judicial organ of the United Nations, said Thursday it will hold public hearings in the case concerning the Arbitral Award of October 3, 1899 (Guyana v. Venezuela), from Monday 23 to...
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China reneges on commodity deals worsening global trade chaos

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(Bloomberg) Global commodity trade plunged deeper into chaos as Chinese companies started walking away from purchase contracts because of the spread of the deadly coronavirus. A Chinese buyer of liquefied natural gas and a copper importer declared what’s known as...
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Chatham House researcher likens release of Global Witness report to ‘throwing bomb’ into elections fray

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Dr. Valerie Marcel, a researcher at think tank Chatham House, has criticized the recently published Global Witness report on Guyana’s oil agreement with ExxonMobil. In a series of tweets on Wednesday, Dr Marcel, who was part of a Chatham House...
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Transparency body to receive first trades in oil data from Guyana’s Dept of Energy

OilNOW -
The Guyana Extractive Industries Transparency Initiative (GYEITI) will soon be receiving information regarding Guyana’s first trades in oil now that the country has commenced production. The local EITI chapter, headed by Dr Rudy Jadoopat, held a meeting with the Department...
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Petrobras to sell stake in Brazil field

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(Zacks) Petrobras PBR and minority partner Chevron CVX announced plans to sell their stakes in the Papa-terra deep-water oilfield located in Brazil’s Campos Basin. Per Petrobras, the plan is in sync with its strategy to cut costs and improve capital...
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Saipem signs MoU with Gulf Petrochemical Industries Company

OilNOW -
Italian firm Saipem has signed a Memorandum of Understanding (MoU) with Gulf Petrochemical Industries Company (GPIC), a joint venture equally owned by the National Oil and Gas Holding Company in the Kingdom of Bahrain, SABIC Agri-nutrient Investments in the...
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Latest News

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Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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