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Presidential advisor believes oil contract should be disclosed, ‘signing bonus’ audited

OilNOW -
Presidential Advisor on Petroleum in Guyana, Dr. Jan Mangal, believes that in the interest of transparency and accountability, all resource agreements, including the petroleum contract between ExxonMobil and the South American country, should be made public. In an interview with...
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Strong production at Jubilee, TEN pushes Tullow’s forecast up

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Tullow Oil plc has upgraded its production forecast for West Africa following strong output at the Jubilee and TEN oil fields. The full year 2017 West Africa net oil production guidance, including production-equivalent insurance payments, has been revised upwards to...
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Exxon injects US$300,000 into Iwokrama science programme

OilNOW -
The Iwokrama International Centre will soon re-launch its Science Programme with support from ExxonMobil by way of a US$300,000 (G$62M) charitable contribution. The initial contribution from ExxonMobil will support the establishment of the Iwokrama Science Committee and commission initial research,...
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Plexus gets green light to sell subsidiary to TechnipFMC

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Plexus Holdings PLC (LON:POS) has confirmed that the proposed sale of a subsidiary business to TechnipFMC will go ahead after shareholders backed the deal. TechnipFMC has been awarded a contract by ExxonMobil for the engineering, manufacture and delivery of the...
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World Bank, Norway back Ghana O&G capacity program

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The World Bank and government of Norway are funding an Accelerated Oil and Gas Capacity Program spearheaded by the West African country’s Ministry of Energy, aimed at equipping Ghanaians with the skills and competences required by the oil...
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Exxon, Hess and Nexen plug US$50,000 into Guyana Hurricane relief efforts

OilNOW -
ExxonMobil and its joint venture partners, Hess and CNOOC Nexen today donated US$50,000 (G$10M) to Guyana’s hurricane relief efforts for territories across the Caribbean which were devastated by Hurricanes Irma and Maria. A statement from the Ministry of the Presidency...
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‘We must have a thorough understanding of our basin’ – Trotman

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Guyana’s Minister of Natural Resources Raphael Trotman has described the task of preparing the country’s institutions and legislative frameworks for the oil and gas sector as “monumental.” He was speaking last evening at the opening ceremony for the GTW Guyana...
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Guyana urged to guard against Trinidadian takeover of oil & gas sector

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The Government of Guyana, private sector and citizens at large are being urged to guard against what is being described as a clear attempt by Trinidad & Tobago to monopolize opportunities in the South American country’s emerging oil and...
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SBM Offshore hit with rising bill for corruption cases

OilNOW -
Dutch floater specialist, SBM Offshore, the same company contracted by ExxonMobil affiliate Esso Exploration & Production Guyana Limited to build an FPSO, has been caught up in corruption cases in Brazil that are now proving to be costly. The company...
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Chevron green lights its first Canadian shale development

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(Reuters) - Chevron Canada, a unit of global oil major Chevron Corp, is forging ahead with its first ever Canadian shale play development, targeting the East Kaybob region of central Alberta's Duvernay formation. The decision, announced by the company on...
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Fiscal terms in Guyana, Namibia, Angola ‘striking the right balance’ – WoodMac

Global provider of data and analytics, Wood Mackenzie, said host governments, such as those in Guyana, Namibia, and Angola,...

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