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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

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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

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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

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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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Local content expert back in Guyana for discussions; policy expected by year-end

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Advisor on Guyana’s Local Content Policy Framework and UNDP expert, Anthony Paul, is back in the South American country for another round of consultations as work continues on the document that would serve to guide how companies operate in...
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ExxonMobil close to signing deal with Mauritania for O&G exploration

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(Reuters) ExxonMobil Corp. is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania’s oil, energy and mines director said on Wednesday. An ExxonMobil spokeswoman declined to comment...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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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