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CLBD, CTVET team up for O&G training

OilNOW -
ExxonMobil Guyana’s Centre for Local Business Development (CLBD) and the Council for Technical and Vocational Education and Training (CTVET) have collaborated to host a two-day workshop for lecturers and instructors of the Government Technical Institute (GTI) and the Linden Technical...
News

Russia’s Rosneft completes acquisition of ExxonMobil stakes in some joint projects

OilNOW -
Russian oil company, Rosneft said Tuesday that it has completed acquisition of ExxonMobil's stakes in some joint projects set up to develop offshore Arctic, deepwater Black Sea, and West Siberian tight oil reserves, following the US major's decision to...
News

Minister: Exxon ‘very hopeful’ of success in discovering ‘big cache’ of oil

OilNOW -
(Rigzone) ExxonMobil is “very hopeful” of success in discovering a “big cache” of oil off the Indus Delta, the Pakistan minister for maritime affairs and foreign affairs, Abdullah Hussain Haroon, has said in a press statement. “ExxonMobil has purchased a...
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More youths being introduced to O&G

OilNOW -
Twenty-six young people will be introduced to the functioning of the Petroleum industry and its basic operations through the Ministry of Natural Resources’ (MNR) 2018 Youth Apprenticeship Programme which was launched on Monday, August 06, 2018 at the Pegasus...
News

Liza SURF contractor Saipem awarded FEED contract for Ugandan refinery

OilNOW -
Italian oil and gas industry contractor, Saipem, has been awarded a front-end engineering design (FEED) contract to build and develop a new refinery in Hoima, Uganda. According to Oil Review Africa, the award was made by the Albertine Graben Refinery...
Featured

How Saipem creates value while supporting SDG8

OilNOW -
Many companies talk about their plans to support the UN’s Sustainable Development Goal 8 (SDG8), meant to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. But Saipem, a global leader in drilling...
News

Guyana tops the world in discovered resources for first half 2018

OilNOW -
Guyana leads the top five countries in the world in terms of total discovered resources added in the first half of 2018, followed by the United States, Cyprus, Oman and Norway… Global discoveries of conventional oil and natural gas are seeing an exciting recovery...
News

ExxonMobil earns $4 billion in Q2; Guyana among key projects pushing growth plan

OilNOW -
Exxon Mobil Corporation announced on Friday, July 27, its estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Guyana continues to play a key role in pushing the company’s...
News

BP set to acquire $10.5B in shale assets from BHP

OilNOW -
In a move that will upgrade and materially reposition its US onshore oil and gas business, BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil...
News

Guyana remains shining light in Hess portfolio as company reports US$130M Q2 net loss

OilNOW -
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the...
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Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund...

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