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Countrywide discussions on local content framework begin Wednesday in Guyana

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The Petroleum Department of Guyana's Ministry of Natural Resources will on Wednesday host a stakeholder engagement on the draft Local Content Policy framework. The draft framework has been under review by stakeholders over the past few months. Author of the document, Trinidadian...
News

Gov’t, Exxon need to sit down and decide on disclosures – Trotman

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The Guyana government and US super-major ExxonMobil will need to sit down and chart a way forward regarding the disclosure of information related to agreements for petroleum exploration and production in the South American country. Guyana’s Minister of Natural Resources,...
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UK North Sea set for surge in oil and gas start-ups

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(Bloomberg) The UK North Sea is on track for the biggest year of oil and gas field start-ups in a decade, continuing the ageing province’s surprising resilience to the crude-market slump. Fourteen projects with combined peak production of 230,000 barrels of oil equivalent a day will...
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Australia and Timor-Leste strike deal to end maritime boundary dispute

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(ABC ) Australia and Timor-Leste have resolved their bitter and long-running dispute over maritime boundaries in the Timor Sea, in what is being described as a "landmark day" in the relationship between the two nations. The Permanent Court of Arbitration...
News

Oil will be produced from 8 wells in Liza Phase 1 development

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The Liza Phase 1 development project will see a total of 17 wells being drilled, eight of which will produce oil, while six will be used for water injection and three for gas injection. Gas and water are reinjected to...
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Texas refineries begin restart after hit from storm Harvey

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(Reuters) - U.S. Gulf Coast refineries and fuel distribution terminals started to reopen on Saturday, a week after Tropical Storm Harvey knocked out nearly 25 percent of the nation’s refining capacity and sent gasoline prices spiking. While much of the...
Exploration

“We’re gonna keep looking for more oil” – Exxon Operations Manager

OilNOW -
Encouraged by positive results from several drill campaigns offshore Guyana which saw the largest discovery being made for 2015, ExxonMobil has vowed to continue its search for more oil in the South American country. The Liza 1 discovery, estimated to...
News

Antigua & Barbuda establishes oil yard with Venezuela help

OilNOW -
The West Indies Oil Company Limited, WIOC, has inaugurated a new oil tank yard in St. John's, Antigua and Barbuda, improving the country’s energy infrastructure. Roughly 51 percent of the project is owned by the government of Antigua and Barbuda,...
News

Total invited to invest in India’s oil and gas infrastructure

OilNOW -
French super-major Total SA has been invited by India to invest in the country’s oil and gas infrastructure. Oil Minister Dharmendra Pradhan said on Friday the company is being encouraged to “invest in infrastructure, gas pipelines, LNG terminals and petrochemicals,”...
News

Fire rages at Texas chemical plant damaged by Harvey

OilNOW -
(CNBC) Flames and smoke could be seen coming from the Arkema plant in Crosby, Texas, on Friday evening. That came after a container of organic peroxides exploded and caught fire early Thursday, sending acrid smoke into the air. An executive...
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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...

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