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Record 800+ Guyanese companies register on Exxon supplier portal, over 1700 persons trained

OilNOW -
In the short time span of around 12 months, a record number of Guyanese companies have registered on the ExxonMobil’s Centre for Local Business Development’s (CLBD) Supplier Registration Portal while more than 1700 persons have benefited from training and...
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Guyana sees need to boost legal framework with arrival of O&G

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Chief legal advisor to the Government of Guyana, Attorney General Basil Williams, on Wednesday highlighted the need for the South American country to strengthen its legal framework in anticipation of a spike in investments fueled by the emerging oil...
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Hess reports US$106M net loss; Guyana remains shining light in company’s outlook

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Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the...
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GRA head says no tax evasion by oil companies under his watch

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Commissioner General of the Guyana Revenue Authority Godfrey Statia told reporters at a press conference on Tuesday that oil companies would not be allowed to evade paying taxes under his watch. The head of the South American country’s tax body...
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Liza SURF contractor Saipem posts loss of $2.4M in Q1 2018

OilNOW -
ExxonMobil Guyana Tier 1 contractor Saipem has narrowed its losses to $2.4m for the first quarter of 2018. The Italian oil and gas company's Q1 2018 loss marks an improved financial performance, following the $331m loss reported in Q4 2017. However, the Milan-based firm, operational in Saudi...
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Large oil spill “statistically unlikely” but preparation is key – Exxon Country Manager

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Speaking at the opening of a major capacity building workshop on Oil Spill Response in the South American country of Guyana, Country Manager of ExxonMobil, Rod Henson, stressed the importance of being prepared, even while highlighting that the likelihood...
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Orinduik 3D seismic identifies ‘potentially sizeable structures’ offshore Guyana

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Eco (Atlantic) Oil & Gas Ltd. says it is encouraged to date by the quality of data received and interpretations being made based on the 3D seismic survey conducted on the company’s Orinduik Block, offshore Guyana. Data collected and...
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Reuters: Arrested Chevron workers could face treason charge in Venezuela – sources

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(Reuters) - Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state-owned oil company PDVSA, according to two sources familiar with draft...
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Noble drillship equipped with fail-safe mechanism to keep vessel in position during an emergency

OilNOW -
With no physical anchor embedded in the sea floor, the Noble Bob Douglas drillship currently searching for oil off the Guyana coast remains in position through the use of a sophisticated computerized system controlled and monitored around the clock...
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Guyanese among crew poised to embark on historic drill campaign aboard Noble Bob Douglas

OilNOW -
Currently positioned approximately 88 nautical miles off the Guyana coast in the deep blue waters of the Atlantic Ocean, the Noble Bob Douglas hovers above the 13th well being drilled by ExxonMobil in the Stabroek Block. The US oil...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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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