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Vietnam sacks top official for PetroVietnam ‘violation’

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(BBC) A top Vietnamese official has been sacked for "violations" while running national oil and gas firm PetroVietnam, in a rare public censure by the ruling Communist Party. The government said on Sunday that Dinh La Thang, 57, was no...
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Small oil spills occur in T&T due to equipment fatigue – Coastal Dynamics Executive

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With an oil and gas industry in Trinidad and Tobago that is well over 100 years old, an environmental specialist from the twin island republic believes that the absence of a major catastrophic disaster over the years is commendable,...
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Bristow in new contract with Apache

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Bristow Helicopters Limited has secured a new contract with Apache North Sea Limited to support its North Sea operations. The contract which has a five year primary term, with further extension options, will commence on 1 September 2017. Aircraft types...
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Shell profits soar as oil sector makes comeback

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Royal Dutch Shell PLC Thursday reported a sharp increase in profit in the first quarter, rounding off a bumper set of results for the world's biggest oil companies as years of cost-cutting and a fragile recovery in oil prices...
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New regulatory body could oversee implementation of Guyana local content policy

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A new regulatory body is being proposed by authorities in Guyana to oversee the implementation of a Local Content, Capacity Development and Value Addition Policy Framework.  The draft policy document, developed by the Ministry of Natural Resources, is currently...
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ExxonMobil targets mid-year sanction for Liza first phase

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“When you think about the full scope of our development in Guyana, and clearly, the higher the resource density, the more profitable it's going to be..." - Jeff Woodbury US supermajor ExxonMobil plans to sanction the first phase of the development...
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T&T MP calls for Petrotrin Board to resign

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“This is the second incident in two weeks which has brought grave danger to residents following last week's oil spill which the nation remains unsure of the total quantity of oil leakage,” - David Lee Pointe-a-Pierre MP David Lee has...
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Petrotrin may have to pay for oil clean-up in Venezuela – T&T Fmr Energy Minister

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“The bilateral oil contingency plan which they have activated says that Venezuela will take care of cleaning up on their side and then they will deal with the whole issue of cost afterwards...But we don’t know what it will...
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OPEC output unchanged at 31.85 million b/d

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(S&P Gobal Platts) The 10 Organization of the Petroleum Exporting Countries (OPEC) members' crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today (May 5). OPEC...
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In excess of 1,340 direct jobs could be created over lifetime of Liza phase 1 project

OilNOW -
More than 1,340 direct jobs could be created over the lifetime of the Liza phase 1 development project which will see a proposed 17 wells being drilled, equipment installed and oil production undertaken in the Stabroek Block, 120 miles...
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Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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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