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ExxonMobil acquires one of world’s largest aromatics facilities

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ExxonMobil Chemical Company announced Sunday that its Singapore affiliate has completed its acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore. The acquisition was first announced in May 2017. The facility, previously owned by Jurong Aromatics...
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Exxon shuts giant refinery as Harvey hits Texas energy hub

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(CNN) Tropical Storm Harvey is tearing through one of the nation's most important energy hubs. Throughout the Gulf Coast, key refineries and production facilities have been forced to close. And rain and flooding are continuing to wreak havoc on Houston...
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Guyana looking to put National Oil Company on front burner next year

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The plan for establishing a National Oil Company in Guyana is advancing rapidly and according to the country’s Minister of Natural Resources, this will be a priority in 2018. Commenting on the state of planning for this significant step in...
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Eco nears completion of survey on Orinduik Block

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Eco (Atlantic) Oil & Gas Ltd. says it is wrapping up a 2,550 km2 3D seismic survey on the 1,800km2 Orinduik Block offshore Guyana, together with its Operating Partner, Tullow Oil plc. The oil junior had announced the commencement of the survey...
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Statoil, YPF to explore shale oil, gas in Argentina

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(Reuters) - Norway's Statoil has signed a deal with Argentina's leading energy company YPF to jointly explore for onshore shale oil and gas resources in the Vaca Muerta formation, the company said on Friday. Statoil and YPF will each hold...
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UNDP expert due back in Guyana Monday for local content talks – Trotman

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A UNDP expert advising the Guyana government on its draft local content policy framework is due back in the country on Monday and will embark on a series of consultations with stakeholders. Guyana’s Minister of Natural Resources, Raphael Trotman, said...
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Cnooc swings to profit on higher oil, gas revenue

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(MarketWatch) Cnooc Ltd. (0883.HK) swung to a net profit of 16.25 billion yuan (US$2.44 billion) in the first half from a net loss of CNY7.74 billion a year ago, partly on higher revenue from sales of oil and gas. The...
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Opposition Leader calls for release of ExxonMobil, other contracts

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Guyana’s Opposition Leader, Bharrat Jagdeo, is calling on the government to publicly disclose the contents of all contracts, including the agreement between the South American country and US super-major, ExxonMobil. At a press conference Friday at the Office of the Leader...
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Gas prices rise in US as Hurricane Harvey catches oil companies by surprise

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(NBC) Oil and gas companies scrambled Thursday to prepare for Hurricane Harvey, which developed so quickly in the Gulf of Mexico that many of them didn't have time to respond. Royal Dutch Shell shut down and evacuated its 22-well Perdido...
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ExxonMobil prepared to “follow the law” on contract disclosure – Brasington

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As discussions continue in Guyana on the issue of making the terms of the Production Sharing Agreement between ExxonMobil and the Government of Guyana public, the US super-major says it is fully prepared “to follow the law” in keeping...
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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...

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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