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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...
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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...
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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...
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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...
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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...
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ExxonMobil contract to be released in December – Minister of State

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

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(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...
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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...
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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....
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ExxonMobil close to signing deal with Mauritania for O&G exploration

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(Reuters) ExxonMobil Corp. is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania’s oil, energy and mines director said on Wednesday. An ExxonMobil spokeswoman declined to comment...
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Guyana's Oil LedgerKemol King -

Guyana oil fund swells past US$3.6 billion

Guyana received nearly US$213 million (GY$$44 billion) in oil revenues in August, according to the latest Natural Resource Fund...

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