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ExxonMobil’s disposing of GoM assets draws interest from Repsol SA, Ineos

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Repsol SA and UK based Ineos Group Holdings are showing interest in US oil major ExxonMobil’s selling off of oilfields in the Gulf of Mexico. According to a Bloomberg article, the assets could be worth as much as $1.5 billion....
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Offshore sanctioning nearing peak – Rystad Energy

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The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The independent energy research and consultancy firm headquartered in Norway with offices across the globe forecasts that the service...
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ExxonMobil Guyana, Silver Sands Sports Club partnership to benefit villagers

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Villagers in Waramuri community located in the South American country of Guyana, will benefit from a newly refurbished recreational ground as a result of a partnership between the Silver Sands Sports Club and ExxonMobil Guyana. The facility, located in Region...
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Bourbon Offshore opens office in Guyana; aims to ‘maximize local content’

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Marine Services provider; Bourbon Offshore, has opened an office in Guyana - South America’s newest oil and gas frontier. The French-based company, with operations in more than 40 countries around the world, provides marine and logistics as well as...
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T&T shallow water bid round disappoints

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Former Trinidad and Tobago (TT) Minister of Energy and Energy Affairs, Kevin Ramnarine, has called the outcome of the 2018 shallow water bid round disappointing and said that it demonstrates how “unattractive” the country’s acreage has become due to...
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ExxonMobil New Mexico Permian development to generate $64 billion in benefits

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US oil major ExxonMobil said that its Permian Basin development in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years. Impact Data Source conducted for ExxonMobil pegged...
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Guyana session at OTC saw capacity audience

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This year’s Houston's Offshore Technology Conference highlighted panels that showed a global deepwater that has become increasingly robust and the session on Guyana saw a capacity audience clamoring to hear more about South America’s newest oil and gas hotspot. Starr...
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Iraqi oil minister says ExxonMobil staff evacuation is ‘unacceptable’

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Iraq's oil minister on Sunday blasted ExxonMobil for evacuating its foreign staff from the West Qurna 1 field, saying all international oil companies working in the country have a secure environment, according to a report from S&P Global Platts. The...
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ExxonMobil pulls foreign staffers from Iraq

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US oil major ExxonMobil has evacuated all of its foreign staff from an Iraqi oilfield west of Basra and is flying them to Dubai, Reuters reported on Saturday. The report said that the move came after the US pulled non-emergency...
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Guyana Energy Dept. says oil consultant not employed by ExxonMobil

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Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe, in a statement on Friday evening said he outrightly rejects the claims published in a section of the media, that oil consultant Dr. Michael Warner, who was hired to...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to 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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