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Petrotrin rakes in 1.6 billion TT dollars operating profit in last year of service

OilNOW -
Trinidad and Tobago State-owned oil company Petrotrin made an operating profit of TT$1.67 billion (US$250.28 million) during its last year in existence. According to a report published by CNC3, this was revealed in unaudited figures that the company’s successor, Trinidad Petroleum...
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Ramps Logistics secures full integrated contract with Tullow for Guyana drill campaign

OilNOW -
Ramps Logistics has secured a fully integrated cross-border logistics contract inclusive of shore base provision and management, marine agency, personnel logistics, freight forwarding and customs brokerage, with UK-based Tullow Oil for its upcoming Guyana drill campaign. Further to this, a...
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US looking to support Guyana on its journey towards ‘self-reliance’ – Ambassador Lynch

OilNOW -
US Ambassador to Guyana, Sarah-Ann Lynch, said as Guyana is preparing for the oil and gas sector, it is also equally important that it pays attention to the needs of the Private Sector. During a recent interview at the US...
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Over 3,000 students benefited from ExxonMobil supported STEM prog since 2012

OilNOW -
More than 3,000 students have benefited so far from an ExxonMobil Guyana supported STEM programme being rolled out by the Volunteer Youth Corps (VYC). ExxonMobil Guyana began supporting the initiative back in 2012, some 3 years before the company...
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Top official promises Guyanese ‘good life’ from oil bounty

OilNOW -
With oil reserves in Guyana now exceeding 5.5 billion barrels from a record 13 discoveries made to date by US oil major ExxonMobil, a top official in the country with responsibility for petroleum is promising Guyanese the ‘good life’...
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TechnipFMC secures contract iEPCI contract for TOR development

OilNOW -
TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded an integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters. This contract...
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Halliburton records $5.7 billion revenue for Q1 2019

OilNOW -
Halliburton Company (NYSE:HAL) announced today net income of $152 million, or $0.17 per diluted share, for the first quarter of 2019. This compares to net income for the first quarter of 2018 of $46 million, or $0.05 per diluted...
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Pipeline leak forces Petrobras to halt production at P-25 platform

OilNOW -
Brazil's state-run oil company, Petrobras, said Monday it has halted production at platform P-25 in the Albacora field after identifying an oil spill from the offshore pipeline located in the northern region of the Campos Basin, about 110 kilometers...
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Keppel nets S$203m in profit for 1Q 2019

OilNOW -
Keppel Corporation Limited (Keppel) reported a net profit of S$203 million for the first three months of 2019, 40% below that of S$337 million for 1Q 2018. In 1Q 2018, the Group benefitted from a S$289 million gain arising...
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Centralise resource-revenue management to boost economic growth and development

Bobby Gossai, Jr. -
One of the main risks of rising inequality in resource-rich countries; is the response on how to divide resource revenues between central and subnational governments. Indeed, there now appears to be a global trend toward the decentralization of petroleum...
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TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool....

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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