News

News

EPA renews ExxonMobil’s Liza-1 permit

OilNOW -
The Environmental Protection Agency (EPA) has renewed ExxonMobil's environmental permit for the Liza Phase One project. It announced the official renewal on Tuesday evening. See below for the full statement: The Environmental Protection Agency (EPA) has renewed the Environmental Permit for...
News

Profit share, royalty, ringfencing, taxation for major upgrades in Guyana’s new model PSA – VP

OilNOW -
Guyana's Vice President Dr. Bharrat Jagdeo said that the new model production sharing agreement (PSA) to be introduced later this year will feature major improvements in four areas: profit sharing, royalty, ringfencing and taxation. The Stabroek Block PSA, granted to...
News

Britain’s energy profits levy a threat to Shell’s North Sea oil and gas investment, company says

OilNOW -
Shell said its North Sea oil and gas investment is being threatened by Britain’s windfall tax, as the country attempts to increase its domestic energy supply. The 25% energy profits levy on oil and gas operators was introduced days ago...
News

Guyana eyes low carbon automotive industry; moving to set up electric vehicle charging stations

OilNOW -
In the face of the detrimental effects of climate change and rising global temperatures, there has been a global shift to utilise more electric vehicles (EVs). These “greener” vehicles are undoubtedly better for our environment since they emit no...
News

New oil province undergoing dramatic modern transformation

OilNOW -
Guyana is undergoing a transformation that will in the next five years, make it unrecognisable. This transformation has been deemed the dawn of a modern Guyana, according to the South American nation’s Minister of Finance, Dr. Ashni Singh. Billions in...
News

Guyana steering clear of ‘old style’ NOC to avoid corruption, other risks – VP

OilNOW -
As Guyana nears a decision on whether to form a national oil company (NOC), it is looking to mitigate risks historically associated with some NOCs such as corruption. To this end, government wants to ensure it does not create...
News

Guyana to use forest conservation funds to build coastal resilience against flooding

Kemol King -
The government of Guyana introduced its updated Low Carbon Development Strategy (LCDS) 2030 last year, with a vision for the country’s sustainable growth. As it embarks on this strategy, it will build on a major climate resilience project to bring the...
News

Guyana now ahead of US, just behind Russia for largest discovered volumes since 2015 – Norway Group

OilNOW -
As 2022 enters the mid-year point, ExxonMobil has already added over 1 billion fresh barrels of oil equivalent (boe) resources at Stabroek Block, placing Guyana at number two in the world for largest discovered volumes since 2015. Norway-based Rystad Energy...
News

Liza Permit to follow Yellowtail Standard – EPA Head

OilNOW -
Executive Director of the Environmental Protection Agency (EPA), Kemraj Parsram has confirmed that the Liza Phase 1 Permit which comes to an end on May 31, 2022, with another to be issued by June 1, 2022 with a five-year...
News

Oil on track for eighth straight day of gains

OilNOW -
Crude oil futures were higher on Monday, with the ICE Brent crude marker on track for an eighth straight day of gains. Reuters said in a report that prices rose to two-month highs on Monday as traders waited to see...
1...400401402...996Page 401 of 996

Latest News

NewsOilNOW -

TT Energy Chamber flags long-term decline despite short-term gains in oil production

The Energy Chamber of Trinidad and Tobago is urging serious reform in the country's energy sector following the release...

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.

Quick Access

Company Info

Social Networks