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Suriname Staatsolie warns against fraudsters offering jobs with company

OilNOW -
Suriname state oil company, Staatsolie, has issued a warning about fraudsters who claim they represent the company and are making false job offers to individuals around the world. These false offers are the basis for a variety of fraudulent activities,...
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Brazil enacts new bidding rules for production sharing regime

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Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration and production in blocks subject to the production sharing regime. In its original wording, Law 12.351/2010...
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Public presentation on oil refinery set for May 17 in Guyana

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A presentation will be made on the feasibility of establishing an oil refinery in Guyana on May 17 by the consultant hired to look into the matter by the Guyana government. Pedro Haas, Director of Advisory Services at Hartree Partners will...
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Venezuela coastline reportedly being polluted by Petrotrin oil spill

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Large quantities of the heavy bunker fuel from the ruptured fuel oil storage tank at Trinidad and Tobago's state oil company Petrotrin's Pointe-a-Pierre refinery has become lodged in the mangroves and on the beaches of Guiria, Venezuela. According to a...
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Onshore Base: Crab Island location not final but has advantages – Trotman

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Guyana’s Minister of Natural Resources, Raphael Trotman, on Wednesday disclosed that while Crab Island is considered to have some comparative advantages for the establishment of an onshore supply base for the country's emerging oil and gas industry, no final decision...
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SBM Offshore wins OTC ‘Spotlight on New Technology’ award for its innovative FPSO system

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SBM Offshore has received the prestigious 2017 Offshore Technology Conference (OTC) Spotlight on New Technology award. OTC recognizes innovative technologies each year with this accolade. This awards program is exclusively for OTC exhibitors and showcases the latest and most advanced...
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Exxon acquires one of world’s largest plants in Singapore

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ExxonMobil Chemical Company announced Wednesday that its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation Pte Ltd to acquire its plant located on Jurong Island in Singapore. The plant, one of the largest in the world with an annual...
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Guyana’s President stresses environmental care in meeting with Hess CEO

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The overarching concern for protection of Guyana’s environment was raised by the country’s President, David Granger, during a meeting on Wednesday with CEO of Hess Corporation, John Hess, and other officials. The meeting was held at State House, in...
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Oil spikes as US inventories tumble

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West Texas Intermediate crude oil traded up 1.6% at $46.94 a barrel after weekly US Energy Information Administration inventory data showed a bigger drawdown than expected. US inventories fell by 5.25 million barrels during the week ended May 5. Economists were anticipating a...
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British investors signal interest in Guyana oil and gas sector

OilNOW -
During a recent state visit by Guyanese officials to the United Kingdom, British investors signalled their intention to invest in Guyana’s oil and gas sector. Late April, First Vice President and Minister of Foreign Affairs, Carl Greenidge accompanied Guyana's...
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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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