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Reduced ministerial powers possible for Petroleum Commission

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, says efforts are being made to address the concerns of several stakeholders that the Petroleum Commission of Guyana Bill in its current form, bestows too much authority in the subject minister. In a...
News

O&G manpower provider farms into offshore catering

OilNOW -
Oil and gas manpower services provider El Dorado Offshore (EDO) is collaborating with the Carnegie School of Home Economics in Guyana, for the creation of a training programme in Offshore Catering and Hospitality. Sixteen candidates, between the ages of 19...
News

Exxon is drilling some extremely long shale oil wells

OilNOW -
(Bloomberg) Exxon Mobil Corp. is drilling shale wells that stretch farther than the length of New York’s Central Park. The world’s biggest oil explorer by market value recently finished four wells in North Dakota’s Bakken region that extend sideways for...
News

Shell to sell stake in Woodside Petroleum for $2.7B

OilNOW -
(Rigzone) Royal Dutch Shell plc has revealed that it will sell its entire stake in Woodside Petroleum Limited for $2.7 billion. Early on Monday, the company said its subsidiary, Shell Energy Holdings Australia Limited (SEHAL), had entered into an underwriting...
News

Guyana must “bite the bullet” and pay for highly skilled professionals – Dr. Mangal

OilNOW -
Petroleum Advisor to Guyana’s President, Dr. Jan Mangal, says the South American country’s government needs to take firm steps towards “opening the doors” to professionals as part of a policy to attract skills which are badly needed in the...
Exploration

Africa Oil enters partnership with Eco Atlantic for Guyana, Namibia acreages

OilNOW -
Africa Oil Corp. says it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in Guyana and West Africa. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77%...
News

Peak oil? Majors aren’t buying into the threat from renewables

OilNOW -
(Reuters) - Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That...
News

Saudi shocks reawaken global oil markets to political risk

OilNOW -
(Bloomberg) For the first time in three years, the chief concern in the oil market isn’t too much supply. Just as production cuts by OPEC and its allies finally deplete a surplus that has weighed on oil prices since 2014,...
News

ExxonMobil Guyana closely studying corruption case involving company contracted to build Liza FPSO – Brasington

OilNOW -
ExxonMobil Guyana is paying close attention to an unfolding Petrobras corruption scandal in Brazil that involves Dutch floater specialist SBM Offshore NV - the same company contracted to build the FPSO for the Liza development project in Guyana. Under the...
News

Public calls on government, oil companies to provide more information about industry in Guyana

OilNOW -
The oil and gas industry is fairly new to the small South American country of Guyana and every man, woman and child is being encouraged to become oil-minded. The population however is calling on the government, main operator, and...
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SBM Offshore’s community initiatives in Guyana promote sustainability, local economies

SBM Offshore’s role in Guyana goes beyond oil production, as its community engagement projects aim to create long-lasting impacts...

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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