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Largest oil & gas conference in the world opens with focus on Mexico, Brazil

OilNOW -
Houston’s Offshore Technology Conference, the industry’s largest annual summit, opened today with a keynote from Richard Morrison, BP’s regional director for the Gulf of Mexico, the first of many focusing on new technologies and strategies to rebuild the offshore...
News

T&T oil spill reaches Venezuela; former energy minister chastises Petrotrin

OilNOW -
An oil spill which occurred at Trinidad and Tobago’s state oil company Petrotrin on April 23 has now spread to the Venezuelan maritime boundary. The country’s Ministry of Energy says it is tracking the trajectory of the oil spill through...
News

Hess earns place on CR’s 2017 Best Corporate Citizens List

OilNOW -
Hess Corporation (NYSE: HES), a 30% shareholder in the Stabroek block, offshore Guyana, has earned a place on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2017. The list recognizes public companies across the United States...
News

Consultant advising on oil refinery will arrive in Guyana May 17 to present study

OilNOW -
The consultant hired to advise the Guyana government on the economics of a refinery is scheduled to arrive in the South American nation on May 17. A number of players in the industry have been closely watching this development. Trinidad...
News

Guyana open to receiving support for oil & gas training from Australia

OilNOW -
Guyana has been actively reaching out to its international partners for support and advice as the country continues to put systems in place for oil production, set to begin in 2020. One area where maximum support is needed is...
Discoveries

Global demand for oil could outstrip supply after 2020 unless new investments approved soon

OilNOW -
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned...
News

Trinidad’s Petrotrin investigating oil spill

OilNOW -
Trinidad and Tobago State owned Trinihas established a team to investigate the cause of the oil spill where hundreds of barrels of black crude flowed into the Gulf of Paria from a leak at the Pointe-a-Pierre refinery which occurred...
News

Exxon, Chevron triumph in crude resurgence

OilNOW -
CHICAGO (Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. easily swept aside analyst estimates as the battered giants of the U.S. oil industry shook off two-and-a-half years of low oil prices and reported surging profits in the first quarter. Exxon,...
Production

Oil production will bring many opportunities; Guyanese must equip themselves

OilNOW -
After 50 years of independence, one of the major challenges facing Guyana is the transformation of the country’s natural wealth into human development. At the launch of the 2016 Human Development Report (HDR) in which Guyana was ranked in...
News

ExxonMobil Earns $4 Billion During First Quarter 2017

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) today announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity prices, cost management and refining operations. “Our results reflect...
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Steam turbines, oil tanks in Guyana for Gas-to-Energy project

US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  The...

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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