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

OilNOW -
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

OilNOW -
(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...
News

Petroleum Bill: Getting it right trumps passing it with haste – Trotman

OilNOW -
The passage of the Petroleum Commission of Guyana Bill 2017 which would pave the way for the establishment of a Petroleum Commission could occur before year-end, but authorities say getting it right is more important than trying to accelerate...
News

ExxonMobil increases Harvey relief effort commitment to $9.5M

OilNOW -
Exxon Mobil Corporation said Thursday it had increased its financial commitment for Harvey relief to up to $9.5 million, which includes a new employee and retiree donation match program and in-kind donations to the American Red Cross for recovery efforts...
News

Production license valid for 20 years with one-time renewal option

OilNOW -
ExxonMobil will have an initial 20-year period to produce petroleum under the license granted by Guyana for the Liza Phase 1 development project, with a single renewal period of up to 10 years thereafter. As part of the agreement, ExxonMobil,...
News

Guyana President stresses transparency, accountability in meeting with ExxonMobil CEO

OilNOW -
Guyana’s President, Brigadier David Granger on Wednesday emphasized the importance of transparency and accountability in the oil and gas sector and reaffirmed the country’s commitment to doing things the “right way” in a meeting with CEO of ExxonMobil Corporation,...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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