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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...
Discoveries

BP finds 200 million barrels of oil in hidden cache

OilNOW -
(Houtson Chronicle) British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations that had befuddled oil...
News

Exxon to train, boost capacity of Guyanese businesses for oil & gas opportunities

OilNOW -
Small to medium size businesses in Guyana will soon be able to register interest and receive specialized training that would enable them to benefit from business opportunities in the supply chain of the country’s emerging oil and gas sector. ExxonMobil...
Exploration

TechnipFMC awarded Subsea Contract for Liza deep water project

OilNOW -
TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the Liza deep water project in Guyana, South America. The award scope includes seventeen total enhanced vertical...
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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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