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Guyana tax body fast-tracking plans to develop O&G capacity

OilNOW -
The Guyana Revenue Authority has been able to procure the services of an oil and gas expert to assist with the development of its oil and gas unit within the agency. The expert, Alnoor Kassam, is the former head of the oil...
News

ExxonMobil earns $20.8 billion in 2018

OilNOW -
Exxon Mobil Corporation on Friday announced estimated 2018 earnings of $20.8 billion compared with $19.7 billion a year earlier. The company said that excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017. “Cash...
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Guyanese and Finnish companies collaborate for oil spill response

OilNOW -
Guyana’s GAICO Construction Inc and the Corena Group from Finland announced the signing of a joint venture agreement on Thursday in the South American country's capital city of Georgetown. Having recognized the growth of the oil and gas industry...
Exploration

Guyana investment pushes ExxonMobil at top of the pack for 2018 O&G explorers – Rystad Energy

OilNOW -
Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil was exceptional, both in terms of discovered volumes and value...
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ExxonMobil simplifying upstream activities to realise growth plans

OilNOW -
As it looks to support plans to double operating cash flow and earnings by 2025, Exxon Mobil Corporation on Thursday announced that it will streamline its upstream organization and centralize project delivery across the company. ExxonMobil is leading the charge in Guyana...
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Juan Guaido not ruling out accepting US military support

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Self-proclaimed interim president of Venezuela Juan Guaido has refused to rule out accepting US military support amid the escalating political crisis, but said he hopes it does not come to that. According to a CNN article posted on Thursday, Guaido...
News

Just twenty-eight days: more Guyanese benefiting from opportunities offshore

OilNOW -
Lindon Swamy’s wife is used to missing him. For more than two decades, Lindon spent months at a time away from home working at sea as a ship’s mechanic. He is completely at ease in the engine room of a...
Exploration

Guyana among targets for oil major Total as company plans biggest exploration drive in years

OilNOW -
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company’s focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas. The...
News

US oil sanctions on Venezuela will not be major blow to Maduro regime – Rystad Energy

OilNOW -
Rystad Energy analyst Paola Rodriguez-Masiu believes that while the sanctions announced on Monday by the US against Venezuelan state oil company PDVSA will have some effect, this will not be harsh as the Trump administration expected. “The sanctions will deal...
News

TechnipFMC awarded EPCI contract for North Sea development

OilNOW -
TechnipFMC has been awarded a substantial integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract for a North Sea development. According to a press release onTuesday, the contract awarded by Lundin Norway covers the delivery and installation of subsea equipment including...
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T&T Energy Ministry to investigate rig collapse that left worker missing

Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the...

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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