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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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Gulf of Mexico operators shut production; evacuate workers ahead of storm Harvey

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(Offshore Energy) U.S. Gulf of Mexico oil operators Anadarko and Shell have evacuated workers and shut production from some of its platforms ahead of the tropical depression Harvey. Worth noting, Harvey could become the first hurricane to hit the...
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ExxonMobil says Harvard climate study “inaccurate, activist-funded”

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ExxonMobil Corporation said on Wednesday a Harvard University study that concluded the US super-major misled the public on climate change  was "paid for, written and published by activists leading a five-year campaign against the company.” The Harvard researchers examined 187...
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Private sector urged to expand knowledge, hold unified position on O&G

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Guyana’s private sector is being urged to expand its knowledge base and adopt a unified position for the country’s emerging oil and gas industry. OilNOW sat down with former High Commissioner of Canada to Guyana, Pierre Giroux prior to his...
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Mining giant BHP to sell US shale assets

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(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit". Shareholder...
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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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