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Open bidding for petroleum blocks will be determined by national interest – Trotman

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Guyana’s decision to retain a system of direct negotiations with companies or move towards a bidding system for the issuance of Exploration and Production (E&P) licenses will be determined by national interest. So says the country’s Minister of Natural Resources,...
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Egypt signs O&G exploration deals with Shell, Apex

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(Reuters) - Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4 million in total with Royal Dutch Shell and the U.S.-based Apex...
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TechnipFMC awarded EPCI contract for Husky Energy West White Rose project

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TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and...
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2D imaging shows potential 1.8 billion barrels of oil at Orinduik Block

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Eco (Atlantic) Oil & Gas had announced in June that the company along with its partner, Tullow Oil, was pursuing “significant reservoir leads” on the Orinduik Block offshore Guyana. OilNOW has since been able to confirm that these leads...
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Gossai parts ways with GOGA to pursue oil & gas studies

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Chief Executive Officer of the Guyana Oil and Gas Association (GOGA), Bobby Gossai Jr. will be vacating his post at the entity to pursue a Master’s Degree in the field of petroleum, energy economics and finance at the University...
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Guyana will push for higher royalties, greater profits in future negotiations – Trotman

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Significant petroleum discoveries offshore Guyana by US super-major ExxonMobil has served to derisk the Guyana-Suriname basin, and in so doing, strengthen the South American country’s position for future negotiations. The country’s Minister of Natural Resources, Raphael Trotman, told OilNOW on Friday...
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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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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...

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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