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Noble Tom Madden set for Pluma drill campaign as ExxonMobil ramps up oil search in Guyana

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Fresh off of its 9th discovery offshore Guyana, US oil major ExxonMobil already has a new target in its cross-hairs and will aim to begin drilling operations  around October this year. The company says potential for additional production from significant...
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PM Rowley to OWTC – ‘Buy the refinery’

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In wake of the ongoing storm over the future of Trinidad and Tobago’s Petrotrin, Prime Minister Dr Keith Rowley has announced that the Oilfields Workers Trade Union (OWTU) will be given the first option to buy the beleaguered Pointe-a-Pierre...
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Guyana can become richest corner of the continent

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(Rigzone) Following Exxon Mobil Corp.’s latest Hammerhead-1 discovery, the company’s ninth discovery offshore Guyana, it’s believed the country will create the greatest value of any offshore basin since the downturn, according to Maria Cortez, Wood Mackenzie’s Latin American upstream senior...
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Guyana oil industry should not be Trinidad’s ‘next meal’ – Persaud

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Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has shot down a suggestion made over the weekend by Trinidad and Tobago’s Opposition Leader Kamla Persad-Bissessar, saying ‘Guyana is not here to bailout’ the twin-island republic. He...
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Eco-Atlantic encouraged by ExxonMobil’s 9th discovery close to its block offshore Guyana

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Eco-Atlantic Oil & Gas said it is encouraged by the latest ExxonMobil oil discovery at Hammerhead-1 in the Stabroek Block offshore Guyana. Hammerhead-1 is said to be located seven kilometres from the boundary with the Orinduik block, where Eco...
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Closure of ailing refinery will save Trinidad from financial disaster – Prime Minister

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In an address to the nation on Sunday night, Trinidad and Tobago’s Prime Minister, Dr Keith Rowley said his government had to proceed with the hard decision of closing the Petrotrin refinery since failing to do so would have...
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Pioneering Spirit vessel in ‘record-breaking’ mission for TurkStream project

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(Offshore Energy) Offshore services provider Allseas said via social media on Thursday that the massive Pioneering Spirit vessel broke a pipe-laying record on Sunday, August 26. Namely, the massive Pioneering Spirit installed a record-breaking 6.3 kilometers of pipe in one...
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Former TT Prime Minister thinks Guyana oil can save Petrotrin refinery from closure

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Former Trinidad and Tobago Prime Minister, Kamla Persad-Bissessar is urging the current government in the twin-island republic to pursue a partnership with neighbouring Guyana to refine its oil in order to avert the closure of the Petrotrin refinery. According to...
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Once int’l contracts have been engaged in there is no question of removal, renegotiation – Granger

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Guyana’s President David Granger says gov’t will continue seeking the best advice for future negotiations of oil contracts while pointing out that once international agreements are entered, there is “no question” of renegotiation. Explaining that arrangements with ExxonMobil will be...
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Tanker collision at PDVSA can trigger force majeure

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A tanker collision at Venezuela’s state-owned PDVSA’s main terminal, or Jose dock, could result in a drop in that country’s crude exports by a third in September possibly leading to a force majeure declaration, news outlets report. Several million...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...

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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