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BP front-runner to buy BHP oil and gas operations after $US10B bid

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BP has emerged as the front-runner to buy BHP’s US shale assets after submitting a bid of over $US10 billion ($13.5 billion), according to sources at Reuters. Other major oil and gas companies who have allegedly placed bids on BHP’s...
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Guyana, Chile to step up cooperation on energy

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A Statement of Intent for cooperation on energy was on Thursday signed between the Governments of Guyana and Chile.  The signing between Guyanese Foreign Affairs Minister Carl Greenidge and Ambassador and Under Secretary of Chile’s Foreign Affairs Ministry, Alfonso...
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ExxonMobil defends local content push in Guyana at Parliamentary meeting

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ExxonMobil Guyana on Friday defended the company’s policy on local content, stating that at this stage of the oil and gas development in the South American country, “the efforts in local content development are really good.” The company’s Country Manager,...
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“ExxonMobil is not a political company, we don’t choose sides” – Country Manager

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Country Manager of ExxonMobil Guyana, Rod Henson and a team from the company on Friday morning appeared before the Parliamentary Sectoral Committee on Natural Resources. During that engagement, Opposition People’s Progressive Party Civic Parliamentarian, Pauline Sukhai, grilled the team on...
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Doors of investment open to CARICOM territories says Guyanese President

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The doors of investment are open to Caribbean territories, and Guyana is welcoming their expertise in the oil and gas sector. These were the sentiments expressed by Guyanese President David Granger moments before the first plenary session of the...
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There are fears about an oil spike above $150

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(Bloomberg) Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein...
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Department of Energy to be ready by August – President Granger

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President of Guyana David Granger has announced that the country’s Department of Energy which will fall under the auspices of the Ministry of the Presidency (MoTP) will be established by August of this year, with oil production scheduled to...
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SBM Offshore says Rio court orders Petrobras to withhold payments

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(Reuters) - Dutch marine engineering group SBM Offshore said on Thursday a Brazilian court had ordered Petrobras to provisionally withhold some payments to SBM to ensure the Dutch company pays whatever penalties it may receive in a corruption case. SBM...
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Potential for more oil discoveries in Guyana at all-time high – Industry Analyst

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Just over three years ago the South American country of Guyana was little known around the world and completely off the radar of petroleum-producing nations. But with the giant oil discovery at the Liza field in 2015 that has...
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Ramnarine urges caution in oil production forecasts

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Former Trinidad and Tobago Minister of Energy and Energy Affairs, Kevin Ramnarine, says predicting how oil reservoirs will behave is often difficult and this along with other factors can impact projected daily output. As such, he believes that it...
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Guyana to engage U.S. partners on tariffs as gold, oil exports remain exempt

If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be...

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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