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Guyana Government appoints Matthew Wilks as O&G Advisor

OilNOW -
The Government of Guyana has confirmed the appointment of Matthew Wilks to the post of Oil and Gas Advisor in the newly created Department of Energy which operates under the aegis of the Ministry of the Presidency. A press release...
News

2,600 workers to be impacted as Petrotrin shuts down operations

OilNOW -
The closure of Trinidad and Tobago’s Petrotrin refinery was confirmed on Tuesday, August 28, following a meeting between the Board of Directors, union representatives and the company’s management. The Pointe-a-Pierre refinery’s operations will end entirely and Petrotrin will move to...
News

TechnipFMC records highest order intake since merger

OilNOW -
TechnipFMC, the subsea contractor for the Liza Phase 1 development project in Guyana, recorded its third consecutive quarter of order growth in Q2 2018 as well as the highest order intake to date since the merger that saw FMC...
News

Trinidad refinery to close report indicates

OilNOW -
Trinidad and Tobago’s State oil company Petrotrin’s Pointe-a-Pierre refinery is said to be on the verge of shutting down operations. The Trinidad Express reported on Monday night that the twin-island republic’s government has decided to shut down the refinery due...
News

Trinidad’s move to enter ‘gas deal’ with Venezuela detrimental to Guyana – Robert Persaud

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Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has accused Trinidad and Tobago of “once again acting in its own narrow economic interest" in partnering with Venezuela on a gas deal over the weekend. In a Facebook...
News

Major partnership to see Guyanese receive hands-on FPSO training in Nigeria, Singapore

OilNOW -
Guyanese will soon begin to receive specialized training to work on Floating Production Storage and Offloading (FPSO) vessels through a Strategic Partnership Venture (SPV) between Strategic Recruitment Solutions (SRS) and Century Tamara Energy Services Inc. (CTES). SRS is 100 percent...
News

Sinopec reports best quarter in years after oil prices rebound

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(Reuters) - China Petroleum & Chemical Corp, the country’s largest refiner, reported its best quarterly profit in years on strong upstream and refining business and said it expects higher fuel sales in the second half. Known as Sinopec, the company...
News

TT and Venezuela ink gas deal in Caracas

OilNOW -
Trinidad and Tobago Prime Minister Dr Keith Rowley and Venezuelan President Nicolas Maduro on Saturday sealed the deal that will see Trinidad and Tobago processing Venezuelan natural gas for the first time. The Prime Minister and his team arrived in...
News

Angola sets up new National Oil & Gas Agency

OilNOW -
With aim of reducing control of country’s NOC and curbing conflicts of interest With a view to eliminating conflicts of interest and wresting power from its National Oil Company, Angola has created a new agency to manage its oil and...
Exploration

ExxonMobil says US$460M spent on drill campaign, other efforts which led to world-class Liza discovery

OilNOW -
ExxonMobil Guyana said on Friday that the company expended US$460M between 1999 and 2015 on a range of activities and interventions which led to the world-class Liza discovery, set to propel the South American country towards becoming a significant...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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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