News

Conditions at the mouth of the Berbice River in Guyana may be best suited to facilitate an onshore supply base at Crab Island, according to an engineer whose company has worked extensively in the area. Crab Island, located in the...

ExxonMobil Chemical Company announced today the mechanical completion of two new 650,000 tons per year high performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The company expects production to begin during the third quarter of 2017. Part...

The business community in Guyana continues to weigh-in on the news that setting up a 100,000-bpd oil refinery in the South American country, is not a feasible option. The head of one such group representing the interest of the...

Venezuela; home to a number of oil refineries and the country with the largest proven oil reserves in the world, is now being forced to increase gasoline imports as refineries struggle to remain operational. Output has dropped at the crisis-hit...

Affiliates of Exxon Mobil Corporation (NYSE: XOM) and SABIC (Saudi Basic Industries Corporation) signed an agreement on Sturday to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering...

While there continue to be calls for the establishment of a smaller, less-costly oil refinery in Guyana, the expert hired to consider the matter of building a refinery in the country warns this could spell trouble down the road. Director...

Professor Jorge Manuel Guira of the UK-based University of Reading will be in Guyana on Thursday May 25, to deliver a lecture entitled ‘Paradise Found in Guyana? Meeting the Challenges of Oil and Gas Exploration and Production’. OilNOW understands the lecture...

Guyanese firm, Ground Structures Engineering Consultants Inc. and Dutch company, Fugro, are forging ahead with a new partnership in the South American country’s emerging oil and gas sector. Already, several Guyanese are receiving specialized training in sea survival and...

A key private sector body in Guyana has asked the minister responsible for natural resources, Raphael Trotman, to provide it with the model used by consultant, Pedro Haas, which led him to conclude that setting up a refinery in...

Tullow Oil says plans are underway to resume drilling next year to boost output at its Tweneboa, Enyenra, Ntomme (TEN) field once the maritime dispute between Ghana and The Cote d’Ivoire is resolved. Mr Charles Darku, the Tullow Ghana Managing...