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Noble to begin drilling Liza phase 1 wells in 2018

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ExxonMobil has contracted Noble Corporation for drilling of the Liza Phase 1 development wells set to begin in 2018. OilNOW understands the Noble Bob Douglas drill ship will begin its campaign by Q2 2018 and the contract is expected to...
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Guyana opposition plans to press gov’t on US$20M signing bonus claim

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Opposition Leader Bharrat Jagdeo, on Wednesday vowed that his Peoples Progressive Party/Civic (PPP/C) will be pressing the Guyana Government to disclose whether a US$20M signing bonus was received from US oil major ExxonMobil. Mr. Jagdeo made the declaration during his...
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Maduro’s Grip on Venezuela’s oil economy tightens with purge

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(Bloomberg) After quashing street protests and corralling his political opponents, President Nicolas Maduro has set his sights on Venezuela’s economic engine. The authoritarian socialist’s administration has begun a broad purge at state-owned Petroleos de Venezuela, arresting more than 50 officials...
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ExxonMobil stops non-essential work in PNG highlands due to unrest

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(Reuters) - ExxonMobil has evacuated non-essential staff working in the highlands of Papua New Guinea due to unrest in the area, but operations are continuing at its PNG LNG liquefied natural gas project, the company said on Thursday. “Due to...
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Eight energy companies commit to reduce methane emissions within natural gas industry

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BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value...
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Exxon business centre reaches out to Linden

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ExxonMobil’s Centre for Local Business Development (CLBD) in collaboration with the Linden Chamber of Commerce met last Wednesday with local businesses from Linden as part of a series of country wide meetings with the business community in Guyana, South...
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Total will lose entire investment if it pulls out of South Pars -Iran oil minister

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(Reuters) - France’s Total will lose all of its investment if it pulls out of a deal with Iran to develop South Pars, the world’s largest gas field, the Iranian oil minister said on Tuesday. “If Total, without the enforcement...
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Oil heads for two-year high as U.S. stocks shrink ahead of OPEC

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Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles resumed declines and as investors await a decision by OPEC on extending output cuts, a Bloomberg report stated. January futures rose...
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Venezuela leans on foreign partners for oil to feed its refineries

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Venezuela’s state-run PDVSA is siphoning oil from its cash-paying joint ventures with foreign firms to feed its domestic refineries, two sources close to the matter told Reuters, at a time when late debt payments have triggered defaults. According to a...
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Guyana reshaping security reform for O&G related crimes – security minister

OilNOW -
The Guyana Government is refocusing its €4M British Security Reform Project along with its US$15M Citizens Security Project for a more tailor-made approach to tackle potential criminal realities associated with a booming oil economy. Minister of Public Security, Vice President, Khemraj Ramjattan,...
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Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great”...

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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