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BP investing US$8 billion in nine new T&T projects

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BP Trinidad and Tobago’s long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next 10 years, according to Claire Fitzpatrick, new BPTT president. Speaking at a media...
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ExxonMobil Foundation pushing environmental protection, responsible O&G development in Guyana

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A US$10 million grant to Conservation International Guyana from the ExxonMobil Foundation is geared towards benefiting a broad cross-section of Guyanese says Kevin Murphy, President of the ExxonMobil Foundation. Speaking at the launch of the “Guyana: Resilient and One (GRO)...
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Public consultations to be held on oil revenue in Guyana

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The Government of Guyana will be holding public consultations on how oil revenues will be invested and spent. During a Press Conference on Monday, August 6, 2018, at the Ministry of the Presidency in Georgetown, Minister of State Joseph Harmon...
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Cabinet approves Natural Resources Fund Green Paper for Legislative Body

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Guyana’s Cabinet Council of Ministers has granted approval for the Natural Resources Fund Green Paper to be laid in the National Assembly for consideration. This was announced by the country’s Chief Government Spokesman and Minister of State Joseph Harmon on...
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Multi-million ExxonMobil funded development initiative to be launched

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The “Guyana: Resilient and One (GRO) initiative” which is being funded by the ExxonMobil Foundation will be launched on Monday, August 6, 2018 at the Pegasus Hotel, Kingston, Georgetown. The initiative, which will be implemented in partnership with the University...
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Kosmos in new Suriname oil search on prospects similar to ExxonMobil’s Longtail and Turbot

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Kosmos Energy is days away from spudding its latest wildcat off Suriname where the US independent kicked up dust at its most recent well earlier this summer. According to an Upstream report published on Monday, the Dallas-based player will spud...
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Liza SURF contractor Saipem awarded FEED contract for Ugandan refinery

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Italian oil and gas industry contractor, Saipem, has been awarded a front-end engineering design (FEED) contract to build and develop a new refinery in Hoima, Uganda. According to Oil Review Africa, the award was made by the Albertine Graben Refinery...
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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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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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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