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TechnipFMC-led consortium to expand Bahrain refinery

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(Reuters) - State-run Bahrain Petroleum Co (Bapco) has awarded a consortium led by UK-based TechnipFMC a contract to expand Bahrain's only oil refinery, sources close to the matter told Reuters on Friday. TechnipFMC awarded Subsea Contract for Liza deep water...
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President of Trinidad’s Petrotrin resigns amid “fake oil scandal”

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The President of Trinidad and Tobagos’ state-owned oil company Petrotrin has resigned over a scandal involving discrepancies between reported oil production in the exploration and production operations in the Catshill Field operated by A&V Oil and Gas and the...
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Oil prices slip on OPEC deal extension jitters

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(Reuters) - Oil prices eased on Tuesday, weighed down by uncertainty over the outcome of an OPEC meeting this week at which an extension to its price-supporting oil output cuts will be discussed. Prices also briefly came under pressure after...
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Saipem awarded US$400M ECP contract by Saudi Aramco

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Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. The contract’s main scope of work includes the engineering,...
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Maersk, partners sanction $3.4B North Sea project

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Maersk Oil said on Friday that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Danish Parliament’s approval to implement legislation to...
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Chapman elected ExxonMobil Senior VP; Verity appointed President of chemical company

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Exxon Mobil Corporation’s (NYSE:XOM) board of directors has elected Neil Chapman to the position of senior vice president and member of the corporation’s management committee. As successor to Chapman, the board also appointed John Verity as president of ExxonMobil...
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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

OilNOW -
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

OilNOW -
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

OilNOW -
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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Guyana to engage U.S. partners on tariffs as gold, oil exports remain exempt

If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be...

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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