News

News

Saipem awarded US$400M ECP contract by Saudi Aramco

OilNOW -
Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. The contract’s main scope of work includes the engineering,...
News

Maersk, partners sanction $3.4B North Sea project

OilNOW -
Maersk Oil said on Friday that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Danish Parliament’s approval to implement legislation to...
News

Chapman elected ExxonMobil Senior VP; Verity appointed President of chemical company

OilNOW -
Exxon Mobil Corporation’s (NYSE:XOM) board of directors has elected Neil Chapman to the position of senior vice president and member of the corporation’s management committee. As successor to Chapman, the board also appointed John Verity as president of ExxonMobil...
News

Contract disclosure: Exxon, Natural Resources weigh in

OilNOW -
ExxonMobil Guyana said on Thursday it remains committed to transparency while the country’s Minister of Natural Resources signaled government’s intent to eventually release all contracts for oil exploration and production. The country’s Minister of State, Joseph Harmon, told reporters at...
News

IDB/IDA begins funding Guyana O&G development programme

OilNOW -
The Guyana Government has set aside an allocation in its annual national expenditure, to go towards the building of institutional capacity in the Oil and Gas sector as well as the advancement of its legal and regulatory frameworks. The multi-year...
News

ExxonMobil, TT Energy Chamber and MNR to partner on spill response lecture

OilNOW -
Guyana’s Ministry of Natural Resources in collaboration with the Energy Chamber of Trinidad and Tobago and ExxonMobil will hold a public lecture on Sunday December 10, 2017 on oil spill readiness. The lecture is to be held in the Queen’s College Auditorium...
News

ExxonMobil contract to be released in December – Minister of State

OilNOW -
After several months of controversy surrounding the full disclosure of the contract between Guyana and US oil major ExxonMobil, the country’s Minister of State said Thursday the document will be made public in December. Speaking to reporters at his post-Cabinet briefing,...
News

Venezuela’s Maduro strips rival of U.N. post amid corruption purge: sources

OilNOW -
(Reuters) - Venezuela has ordered the removal of Rafael Ramirez, once a powerful oil minister and head of state oil company PDVSA, from his post as representative to the United Nations in New York, four sources with knowledge of...
News

Local content expert back in Guyana for discussions; policy expected by year-end

OilNOW -
Advisor on Guyana’s Local Content Policy Framework and UNDP expert, Anthony Paul, is back in the South American country for another round of consultations as work continues on the document that would serve to guide how companies operate in...
News

Canadian consultant talks up Guyana oil prospects

OilNOW -
Following the world class Liza discovery in Guyana in 2015 - the first oil find of its kind in the South American country - many experts in the industry have been weighing in on future prospects for the basin....
1...918919920...978Page 919 of 978

Latest News

NewsOilNOW -

Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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.

Quick Access

Company Info

Social Networks