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Contract disclosure: Exxon, Natural Resources weigh in

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ExxonMobil Guyana said on Thursday it remains committed to transparency while the country’s Minister of Natural Resources signaled government’s intent to eventually release all contracts for oil exploration and production. The country’s Minister of State, Joseph Harmon, told reporters at...
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IDB/IDA begins funding Guyana O&G development programme

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The Guyana Government has set aside an allocation in its annual national expenditure, to go towards the building of institutional capacity in the Oil and Gas sector as well as the advancement of its legal and regulatory frameworks. The multi-year...
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ExxonMobil, TT Energy Chamber and MNR to partner on spill response lecture

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Guyana’s Ministry of Natural Resources in collaboration with the Energy Chamber of Trinidad and Tobago and ExxonMobil will hold a public lecture on Sunday December 10, 2017 on oil spill readiness. The lecture is to be held in the Queen’s College Auditorium...
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ExxonMobil contract to be released in December – Minister of State

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After several months of controversy surrounding the full disclosure of the contract between Guyana and US oil major ExxonMobil, the country’s Minister of State said Thursday the document will be made public in December. Speaking to reporters at his post-Cabinet briefing,...
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Local content expert back in Guyana for discussions; policy expected by year-end

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Advisor on Guyana’s Local Content Policy Framework and UNDP expert, Anthony Paul, is back in the South American country for another round of consultations as work continues on the document that would serve to guide how companies operate in...
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ExxonMobil close to signing deal with Mauritania for O&G exploration

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(Reuters) ExxonMobil Corp. is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania’s oil, energy and mines director said on Wednesday. An ExxonMobil spokeswoman declined to comment...
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Brazil draw down largest signature bonus in history at 14th bidding round

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The 14th Bidding Round of blocks for exploration and production of oil and natural gas, held on September 27 by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), marked the reestablishment of the sector in the South...
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Guyana opposition says deliberate attempts being made to delay SWF legislation

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The Government of Guyana will be looking to embark on a fresh round of consultations in the coming year for the establishment of a Sovereign Wealth Fund (SWF) – a move which the political opposition sees as a delay...
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Tullow secures US$2.5B debt refinancing

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Tullow Oil announced on Wednesday that it has completed the refinancing of US$2.5 billion of Reserves Based Lending (RBL) credit facilities. The US$2.5 billion of credit facilities are split between a commercial bank facility of US$2.4 billion and an IFC...
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CNOOC starts oil production at Weizhou oil field

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CNOOC Ltd. (NYSE: CEO) has already commenced production for its Weizhou 12-2 oil field phase II project, the company said on Tuesday. The Weizhou 12-2 oil field phase II project is located in Beibu Gulf in the South China Sea...
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Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great”...

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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