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ExxonMobil makes final investment decision for Liza phase-1 development

Exxon Mobil Corporation said Friday it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The announcement comes...

How oil revenue will be used in Guyana remains unclear

With just 3 years remaining before Guyana produces first oil, the country’s government is yet to roll out a clear development plan outlining how projected revenues from oil production and royalties will be used. With weak infrastructure and deficiencies in...

Review uncovers multiple shortcomings in Guyana’s draft local content framework

A review of Guyana’s draft local content policy framework by members of the business community has identified several shortcomings which it believes put Guyanese business operators at a disadvantage. The review, done by the Georgetown Chamber of Commerce and...

Local content expert to work with Guyanese private sector

Business operators in Guyana eager to get involved in the country’s emerging oil and gas sector will soon benefit from the input of a local content specialist. OilNOW understands the Guyana government is hiring the expert based on the completion...

Ramnarine weighs-in on Chevron’s exit, questions value of Shell marketing LNG

Reports surfaced last week that US energy company, Chevron was winding down its operations in Trinidad and Tobago.  The company has entered an agreement to sell all its shares in Chevron Trinidad and Tobago Resources (CTTR) to Shell’s BG...

Chevron prepares to exit Trinidad & Tobago

Chevron has entered into an agreement to sell all of its shares in Chevron Trinidad and Tobago Resources (CTTR) to Shell’s BG, and all of its interest in Trinling, an LNG marketing and transportation company, to Shell’s BG Gas. According...

Guyana finalizing ExxonMobil production license; public disclosure on agreement likely

Guyana’s Minister of Natural Resources Raphael Trotman said today that government is in the process of finalising ExxonMobil’s production license and will be “making some pronouncements in the next few weeks.” Mr. Trotman made the announcement to stakeholders at...

Husky Energy

Contact Information: Husky Energy Inc. Box 6525, Station “D” Calgary, Alberta Canada T2P 3G7 Street Address Husky Energy 707 8th Avenue SW Calgary, Alberta T2P 1H5 Phone: 403-298-6111 (Switchboard) Fax: 403-298-7464 24 Hour Emergency Number: 1-877-262-2111 Husky operates in Western and Atlantic Canada, the United States and the Asia Pacific region, with...

Shell begins deepwater production at newest FPSO in Brazil

Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce Friday that deepwater production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos...

UK Prof. to Guyanese worried about use of oil revenues: “You have the right to vote”

As Guyanese continue to ask questions about how best they can ensure revenues collected from oil production is not misused, a visiting UK professor reminded over a hundred persons gathered at a forum last week, that they “have the...

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Middle East tensions could lift Guyana’s oil revenues, but capacity risks remain – Orinoco Research

Rising geopolitical instability in the Middle East could increase oil revenues for Guyana while also exposing capacity constraints across...