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Government must facilitate more informed views on oil – Presidential Advisor

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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

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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

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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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EU strikes deal on carbon market reform

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BRUSSELS (Reuters) - European Union negotiators agreed to a compromise on carbon market reforms on Thursday, with the bloc keen for a deal this week to show leadership at U.N. climate talks in Bonn. Agreement was reached early on Thursday...
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ConocoPhillips aims to plug $5.5 billion/year in capital projects

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(Reuters) - ConocoPhillips (COP.N), the largest U.S. independent oil and natural gas producer, said on Wednesday it will spend an average of $5.5 billion annually for the rest of the decade on capital projects as long as oil prices...
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‘Iwokrama collaboration fits with our core value of science, protecting the environment’ – Exxon

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ExxonMobil Country Manager in Guyana, Rod Henson, says collaborating with Iwokrama International Centre is in keeping with the company’s core value of science and protecting the environment. Henson was at the time speaking to a number of persons gathered on Wednesday evening...
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Presidential advisor believes oil contract should be disclosed, ‘signing bonus’ audited

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Presidential Advisor on Petroleum in Guyana, Dr. Jan Mangal, believes that in the interest of transparency and accountability, all resource agreements, including the petroleum contract between ExxonMobil and the South American country, should be made public. In an interview with...
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Strong production at Jubilee, TEN pushes Tullow’s forecast up

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Tullow Oil plc has upgraded its production forecast for West Africa following strong output at the Jubilee and TEN oil fields. The full year 2017 West Africa net oil production guidance, including production-equivalent insurance payments, has been revised upwards to...
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Exxon injects US$300,000 into Iwokrama science programme

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The Iwokrama International Centre will soon re-launch its Science Programme with support from ExxonMobil by way of a US$300,000 (G$62M) charitable contribution. The initial contribution from ExxonMobil will support the establishment of the Iwokrama Science Committee and commission initial research,...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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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