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Saudi shocks reawaken global oil markets to political risk

OilNOW -
(Bloomberg) For the first time in three years, the chief concern in the oil market isn’t too much supply. Just as production cuts by OPEC and its allies finally deplete a surplus that has weighed on oil prices since 2014,...
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ExxonMobil Guyana closely studying corruption case involving company contracted to build Liza FPSO – Brasington

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ExxonMobil Guyana is paying close attention to an unfolding Petrobras corruption scandal in Brazil that involves Dutch floater specialist SBM Offshore NV - the same company contracted to build the FPSO for the Liza development project in Guyana. Under the...
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Public calls on government, oil companies to provide more information about industry in Guyana

OilNOW -
The oil and gas industry is fairly new to the small South American country of Guyana and every man, woman and child is being encouraged to become oil-minded. The population however is calling on the government, main operator, and...
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Former SBM CEO, sales executive, plead guilty in Petrobras scandal

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(Bloomberg) A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds. ExxonMobil Guyana closely studying Petrobras corruption case...
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Venezuelan oil output heads to 29-year low as cash crunch grows

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(Bloomberg) -- Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 million barrels a day next year, the lowest compared with official government...
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Mangal’s public utterances disingenuous; should tender his advice to President – Persaud

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In wake of a series of comments made to the media during an interview on Wednesday by Advisor to the President on Petroluem, Dr. Jan Mangal, Guyana’s former Minister of Natural Resources, Robert Persaud, has taken issue with what...
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Government must facilitate more informed views on oil – Presidential Advisor

OilNOW -
A number of people in Guyana are suspicious of the country’s emerging oil and gas industry and their elected representatives, says Advisor to the President on Petroleum, Dr. Jan Mangal. He believes that government must do more to facilitate...
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China Energy Investment signs MOU for $83.7B in US projects

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(Reuters) - China Energy Investment Corp, the world's largest power company by asset value, has signed a Memorandum of Understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia, the U.S state said...
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VLCC for Liza Destiny conversion to arrive in Singapore this month

OilNOW -
SBM Offshore expects the Very Large Crude Carrier (VLCC) for ExxonMobil’s Liza project offshore Guyana to sail into Keppel Shipyard in Singapore later this month, for conversion to an FPSO. The program should get under way later this year. The shipyard’s work scope includes refurbishment...
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No sinister motive behind non-disclosure of contract, several details in public domain – Trotman

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, reiterated on Wednesday, that the Government believes it should not release the full details of the contract between itself and ExxonMobil at this time, but pointed out that enough details are already...
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Special Editorial: Maduro’s bully tactics won’t get him another face-to-face with Ali 

The following is an opinion editorial by Shikema Dey, Research and Content Developer at OilNOW, and a seasoned Journalist...

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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