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Collaboration between private investors and Guyana government can make oil refinery a reality – PSC head

OilNOW -
The business community in Guyana continues to weigh-in on the news that setting up a 100,000-bpd oil refinery in the South American country, is not a feasible option. The head of one such group representing the interest of the...
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Venezuela: An abundance of oil, shortage of gasoline

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Venezuela; home to a number of oil refineries and the country with the largest proven oil reserves in the world, is now being forced to increase gasoline imports as refineries struggle to remain operational. Output has dropped at the crisis-hit...
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ExxonMobil, SABIC sign agreement for next phase of proposed U.S. petrochemical project

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Affiliates of Exxon Mobil Corporation (NYSE: XOM) and SABIC (Saudi Basic Industries Corporation) signed an agreement on Sturday to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering...
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Smaller capacity refinery now may lead to bigger problems later; expert tells Guyanese business operators

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While there continue to be calls for the establishment of a smaller, less-costly oil refinery in Guyana, the expert hired to consider the matter of building a refinery in the country warns this could spell trouble down the road. Director...
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UK-based Professor to deliver lecture in Guyana on challenges in oil and gas

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Professor Jorge Manuel Guira of the UK-based University of Reading will be in Guyana on Thursday May 25, to deliver a lecture entitled ‘Paradise Found in Guyana? Meeting the Challenges of Oil and Gas Exploration and Production’. OilNOW understands the lecture...
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Guyanese and Dutch company forging ahead with new partnership in oil & gas sector

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Guyanese firm, Ground Structures Engineering Consultants Inc. and Dutch company, Fugro, are forging ahead with a new partnership in the South American country’s emerging oil and gas sector. Already, several Guyanese are receiving specialized training in sea survival and...
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Private sector group wants to study model used by Pedro Haas in his refinery analysis

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A key private sector body in Guyana has asked the minister responsible for natural resources, Raphael Trotman, to provide it with the model used by consultant, Pedro Haas, which led him to conclude that setting up a refinery in...
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Maritime border dispute delaying Tullow oil drilling operations in Ghana

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Tullow Oil says plans are underway to resume drilling next year to boost output at its Tweneboa, Enyenra, Ntomme (TEN) field once the maritime dispute between Ghana and The Cote d’Ivoire is resolved. Mr Charles Darku, the Tullow Ghana Managing...
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More persons named for Guyana’s Petroleum Department

OilNOW -
Following public advertising of vacancies for the new Petroleum Department in Guyana, the Country's natural resources ministry has commenced the process of hiring for the newly established division. The ministry confirmed that Mr Nicholas A. Chuck-A-Sang, a Petroleum Engineer and...
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Gov’t to meet with persons who submitted proposals to build oil refinery in Guyana – Trotman

OilNOW -
Even as one expert has concluded that building a 100,000 bpd capacity refinery in Guyana would not be economically feasible, the government says it is still open to examining other options and will meet with persons who have submitted...
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Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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