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Antigua & Barbuda establishes oil yard with Venezuela help

OilNOW -
The West Indies Oil Company Limited, WIOC, has inaugurated a new oil tank yard in St. John's, Antigua and Barbuda, improving the country’s energy infrastructure. Roughly 51 percent of the project is owned by the government of Antigua and Barbuda,...
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Petroleum Bill: Getting it right trumps passing it with haste – Trotman

OilNOW -
The passage of the Petroleum Commission of Guyana Bill 2017 which would pave the way for the establishment of a Petroleum Commission could occur before year-end, but authorities say getting it right is more important than trying to accelerate...
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ExxonMobil increases Harvey relief effort commitment to $9.5M

OilNOW -
Exxon Mobil Corporation said Thursday it had increased its financial commitment for Harvey relief to up to $9.5 million, which includes a new employee and retiree donation match program and in-kind donations to the American Red Cross for recovery efforts...
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Production license valid for 20 years with one-time renewal option

OilNOW -
ExxonMobil will have an initial 20-year period to produce petroleum under the license granted by Guyana for the Liza Phase 1 development project, with a single renewal period of up to 10 years thereafter. As part of the agreement, ExxonMobil,...
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Guyana President stresses transparency, accountability in meeting with ExxonMobil CEO

OilNOW -
Guyana’s President, Brigadier David Granger on Wednesday emphasized the importance of transparency and accountability in the oil and gas sector and reaffirmed the country’s commitment to doing things the “right way” in a meeting with CEO of ExxonMobil Corporation,...
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Open bidding for petroleum blocks will be determined by national interest – Trotman

OilNOW -
Guyana’s decision to retain a system of direct negotiations with companies or move towards a bidding system for the issuance of Exploration and Production (E&P) licenses will be determined by national interest. So says the country’s Minister of Natural Resources,...
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TechnipFMC awarded EPCI contract for Husky Energy West White Rose project

OilNOW -
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and...
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2D imaging shows potential 1.8 billion barrels of oil at Orinduik Block

OilNOW -
Eco (Atlantic) Oil & Gas had announced in June that the company along with its partner, Tullow Oil, was pursuing “significant reservoir leads” on the Orinduik Block offshore Guyana. OilNOW has since been able to confirm that these leads...
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Guyana will push for higher royalties, greater profits in future negotiations – Trotman

OilNOW -
Significant petroleum discoveries offshore Guyana by US super-major ExxonMobil has served to derisk the Guyana-Suriname basin, and in so doing, strengthen the South American country’s position for future negotiations. The country’s Minister of Natural Resources, Raphael Trotman, told OilNOW on Friday...
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Guyana looking to put National Oil Company on front burner next year

OilNOW -
The plan for establishing a National Oil Company in Guyana is advancing rapidly and according to the country’s Minister of Natural Resources, this will be a priority in 2018. Commenting on the state of planning for this significant step in...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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