News

Gas prices rise in US as Hurricane Harvey catches oil companies by surprise

(NBC) Oil and gas companies scrambled Thursday to prepare for Hurricane Harvey, which developed so quickly in the Gulf of Mexico that many of them didn't have time to respond. Royal Dutch Shell shut down and evacuated its 22-well Perdido...

ExxonMobil prepared to “follow the law” on contract disclosure – Brasington

As discussions continue in Guyana on the issue of making the terms of the Production Sharing Agreement between ExxonMobil and the Government of Guyana public, the US super-major says it is fully prepared “to follow the law” in keeping...

Gulf of Mexico operators shut production; evacuate workers ahead of storm Harvey

(Offshore Energy) U.S. Gulf of Mexico oil operators Anadarko and Shell have evacuated workers and shut production from some of its platforms ahead of the tropical depression Harvey. Worth noting, Harvey could become the first hurricane to hit the...

ExxonMobil says Harvard climate study “inaccurate, activist-funded”

ExxonMobil Corporation said on Wednesday a Harvard University study that concluded the US super-major misled the public on climate change  was "paid for, written and published by activists leading a five-year campaign against the company.” The Harvard researchers examined 187...

Private sector urged to expand knowledge, hold unified position on O&G

Guyana’s private sector is being urged to expand its knowledge base and adopt a unified position for the country’s emerging oil and gas industry. OilNOW sat down with former High Commissioner of Canada to Guyana, Pierre Giroux prior to his...

Mining giant BHP to sell US shale assets

(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit". Shareholder...

Shell starts production at Gbaran-Ubie Phase 2 in Nigeria

The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region. In a statement Wednesday, the company said Phase 2 follows the success of the first...

Ghana, Equatorial Guinea to sign LNG deal

ACCRA (Reuters) - Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea due to begin on Monday, his office said. Though an...

Trinidad squandered US$77B in oil revenue between 1999 & 2016 – TT Economist

A Trinidadian Economist is urging Guyana not to make the same mistakes the twin island republic has made in the management of revenue generated from petroleum production, and the neglect of other sectors of the economy. Dr. Roger Hosein, an...

“Stop doing things piecemeal”- vision urgently needed for oil revenue – Dr. Adams

The absence of a well-articulated vision that outlines how oil revenue will be spent to transform Guyana and improve the living standards of its small population of 750,000 is a matter that needs urgent attention. This is the view...

Latest News

Chinese companies among 10 groups vying to build fertilizer plant in Guyana 

Ten groups, including several Chinese companies, have submitted proposals to build Guyana’s planned ammonia and urea fertilizer plant at...