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‘Regulatory certainty’ key to O&G investments – ASEA Executive

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Mexico has installed perhaps the most comprehensive and complex energy rule changes in any nation, at any time, lifting strict state control over the oil and gas and electricity sectors, hoping for much more foreign investment. And, it is for...
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ExxonMobil eyes multi-billion dollar investment at Singapore refinery

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(Reuters) - Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday. “We are currently assessing a...
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Exxon explores selling U.S. Gulf of Mexico assets

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(Reuters) - Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher oil prices prompt the world's largest publicly listed oil company to review its portfolio, people familiar with the matter said...
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Second batch of Guyanese complete maritime training programme under SRS

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Guyanese manpower services provider Strategic Recruitment Solutions Inc. (SRS) on Monday concluded its second batch of training with the MATPAL Marine Institute. Eight candidates participated from various sectors and were screened and selected to complete the 7-day International Convention...
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Oil company suing government over decision to stop issuing new exploration permits

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(RNZ) A New Zealand-owned oil and gas company that missed out on an oil exploration permit is suing the government for breach of procedure. Greymouth Gas Turangi missed out on a permit in last year's offer, and now wants its...
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In South America ExxonMobil’s success makes Guyana-Suriname Basin second only to pre-salt Brazil – GlobalData

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Following the recent Hammerhead-1 discovery by ExxonMobil in the Stabroek block in Guyana, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offered his view on the impact this could have on the upstream...
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Exxon’s 2017 Guyana oil discoveries place country among top 3 globally for that year

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Although 2017 was yet another record low year for discovered conventional oil volumes globally, Guyana was among the top three countries where recoverable resources were found. “We haven’t seen anything like this since the 1940s,” says Sonia Mladá Passos, Senior...
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Deep-sea oil drillers optimistic for 2019

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Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits. But this time there seems to be a greater chance that it will happen, said analysts at Credit Suisse Group...
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What oil at $100 a barrel would mean for the global economy

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(Bloomberg) Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy. Exporters of the fuel would enjoy bumper returns, giving a fillip to companies...
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NIS rakes in over $24M in benefits from Oil and Gas sector in 2018

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Guyana’s largest pension fund and health insurance body; the National Insurance Scheme (NIS), has begun targeting companies registering in the emerging petroleum sector to ensure that employees’ benefits are being paid. At the agency’s 49th Anniversary ceremony on Friday, September...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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