Featured

Featured posts

News

What could 2018 hold for oil, gas exploration? Guyana high on agenda

OilNOW -
(Hart Energy) Although unfavorable market conditions with lower but slowly improving oil prices left E&P companies’ exploration budgets battered in 2017, the year still managed to bring a few notable gems that put exploration into the positive spotlight. ExxonMobil Corp....
Featured

Top stories of 2017

OilNOW -
2017 was a very exciting year in Guyana's emerging oil and gas industry. We have compiled a list of the top 3 stories for every month in the course of the year. Take a look; April Certified welders, other skilled workers...
News

Exxon open to selling petroleum to domestic buyers – Country Manager

OilNOW -
ExxonMobil Guyana says it is open to examining the viability of selling petroleum to buyers in the South American country, outside of its obligation to supply same if government’s share is insufficient for domestic use. Under Article 17 of the...
News

US$18M signing bonus not cost recoverable – Trotman

OilNOW -
The US$18M signing bonus that ExxonMobil paid the Government of Guyana upon the signing of an updated Production Sharing Agreement (PSA) in 2016 will not be cost recoverable by the US oil major. This means that in computing costs when...
News

Trotman confirms US$1M per day earnings from oil production; says contract provides “best of both worlds”

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, said Thursday that the updated petroleum agreement arrived at between US oil major ExxonMobil and the South American Country in 2016 represents a ‘hybrid model’ that combines a production share and royalty...
News

‘Sorry for those expecting scandal bombshells’ – Fmr Natural Resources Minister

OilNOW -
Following the much anticipated public disclosure of the petroleum agreement between Guyana and ExxonMobil, a former government minister who headed the natural resources ministry in the lead-up to the world-class Liza discovery said the agreement with the US oil...
News

‘Unreasonable to compare Guyana’s PSA to those of more mature countries’ – Exxon Country Manager

OilNOW -
Country Manager of ExxonMobil in Guyana Rod Henson said it is unreasonable to compare the agreement signed between his company and the Government of Guyana to those of other jurisdictions like Brazil, countries in West Africa, the United States...
Discoveries

Guyana Government releases ExxonMobil contract

OilNOW -
The Production Sharing Agreement (PSA) between the Government of Guyana and ExxonMobil affiliate Esso Exploration and Production Guyana Limited was released today at a special meeting held at the Ministry of the Presidency in Georgetown, Guyana. The agreement has...
News

Decision on contract disclosure should apply to all companies equally – British High Commissioner

OilNOW -
British High Commissioner to Guyana, Greg Quinn, says the Guyana government and oil companies will ultimately have to decide what aspects of their agreements would be disclosed but this should apply to all companies equally. Multiple calls have been made...
News

World’s largest-ever vessel is all set to go in 2018

OilNOW -
(CNBC) Displacing as much water as five aircraft carriers is just one eye-popping statistic that attempts to explain the sheer size of the world's largest vessel. Construction on ShellRDSA-GB's huge floating liquefied natural gas (FLNG) structure began in 2012 and...
1...904905906...960Page 905 of 960

Latest News

NewsOilNOW -

Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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.

Quick Access

Company Info

Social Networks