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Komos in $1.225B agreement to acquire Deep Gulf Energy

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Kosmos Energy (NYSE/LSE: KOS) said on Monday it has entered into an agreement to acquire Deep Gulf Energy, a leading deepwater company operating in the Gulf of Mexico, from First Reserve and other shareholders for a total consideration of $1.225...
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Strategic Recruitment Solutions – sourcing skills for the oil and gas industry

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What's the best way to get a great job in the rapidly emerging oil and gas sector? If you’re up-to-date on current business trends, your best bet might be to sign up with Strategic Recruitment Solutions (SRS); a 100%-owned Guyanese...
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ExxonMobil launches Instagram Page with ‘Project Experience Tunnel’

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ExxonMobil on Saturday, August 4, launched its official Instagram Page with an informative “Project Experience Tunnel” as part of efforts to create more opportunities for building awareness among the Guyanese public about the company’s operations. Patrons visiting the Giftland Mall...
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Noble new foray in Guyana establishes company as primary frontier driller

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The addition of a second Noble drillship in the oil-rich waters off the Guyana coast is seen as a major boost for Noble Corporation and the strengthening of its relationship with US oil major, ExxonMobil; the operator in the...
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“My office is at the complete disposal of Dr. Bynoe” – Trotman

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Guyana’s Minister of Natural Resources Raphael Trotman has committed to supporting and working alongside the newly-appointed Head of the Department of Energy, Dr. Mark Bynoe in developing and administering the South-American nation’s oil and gas industry. Responsibility for Petroleum was...
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Compilation of Guyana’s first EITI report to begin by September

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The compilation of Guyana’s first Extractive Industries Transparency Initiative (EITI) report will commence by September 2018. So says the country’s Minister of Natural Resources Raphael Trotman, who was at the time speaking to media operatives on the sidelines of...
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Guyana private sector officials discuss major projects with Public Infrastructure Minister

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Public Infrastructure Minister David Patterson and a team from his ministry which included Minister in the Ministry Annette Ferguson on Friday held wide-ranging discussions with a delegation from the Private Sector Commission (PSC) on infrastructure projects covering a number...
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Noble Tom Madden awarded contract for Stabroek drill campaign – Noble Corporation

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Noble Corporation said on Thursday that the Noble Tom Madden has been awarded a contract for drilling operations offshore Guyana. The company made the announcement in its second quarter 2018 report. “Following the close of the second quarter, the drillship Noble Tom...
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ConocoPhillips sells Barnett shale play for $230M

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ConocoPhillips announced on Thursday, August 2, 2018 that it has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million plus net customary adjustments. Proceeds from this transaction...
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Guyanese President defends appointment of Energy Department Head

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Following criticisms of the appointment of Environment and Resource Economist Dr. Mark Bynoe as Head of Guyana’s Department of Energy, President David Granger on Thursday, August 2, 2018, defended the Government’s choice. In justifying the hiring of the former head...
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Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a...

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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