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Guyana open to receiving support for oil & gas training from Australia

OilNOW -
Guyana has been actively reaching out to its international partners for support and advice as the country continues to put systems in place for oil production, set to begin in 2020. One area where maximum support is needed is...
Discoveries

Global demand for oil could outstrip supply after 2020 unless new investments approved soon

OilNOW -
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency, which warned...
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Trinidad’s Petrotrin investigating oil spill

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Trinidad and Tobago State owned Trinihas established a team to investigate the cause of the oil spill where hundreds of barrels of black crude flowed into the Gulf of Paria from a leak at the Pointe-a-Pierre refinery which occurred...
News

Exxon, Chevron triumph in crude resurgence

OilNOW -
CHICAGO (Bloomberg) -- Exxon Mobil Corp. and Chevron Corp. easily swept aside analyst estimates as the battered giants of the U.S. oil industry shook off two-and-a-half years of low oil prices and reported surging profits in the first quarter. Exxon,...
News

ExxonMobil Earns $4 Billion During First Quarter 2017

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) today announced estimated first quarter 2017 earnings of $4 billion, or $0.95 per diluted share, compared with $1.8 billion a year earlier, resulting from improvements in commodity prices, cost management and refining operations. “Our results reflect...
Discoveries

BP finds 200 million barrels of oil in hidden cache

OilNOW -
(Houtson Chronicle) British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations that had befuddled oil...
News

Exxon to train, boost capacity of Guyanese businesses for oil & gas opportunities

OilNOW -
Small to medium size businesses in Guyana will soon be able to register interest and receive specialized training that would enable them to benefit from business opportunities in the supply chain of the country’s emerging oil and gas sector. ExxonMobil...
Exploration

TechnipFMC awarded Subsea Contract for Liza deep water project

OilNOW -
TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the Liza deep water project in Guyana, South America. The award scope includes seventeen total enhanced vertical...
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Guyana working on oil spill plan of action

OilNOW -
As US oil major ExxonMobil gears up to begin oil production in Guyana by 2020, authorities in the South American country are crafting a range of measures, including a plan of action in the event of an oil spill...
News

ExxonMobil recommits to global support for malaria

OilNOW -
In recognition of World Malaria Day, ExxonMobil announced on Tuesday that it is renewing support for local and global organizations working to end malaria around the world. Grants made this year will continue ExxonMobil’s longstanding support for efforts to...
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Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

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