Featured

Featured posts

News

Schlumberger to reapply for environmental permit to operate Houston facility

OilNOW -
ExxonMobil Guyana’s prime contractor, Schlumberger (SLB), is required to resubmit an application for environmental authorisation to operate its Houston, East Bank Demerara source storage and calibration facility. This was confirmed to OilNOW by the head of the Environmental Protection Agency...
News

All electric vehicle imports to Guyana to be tax-free in 2023

OilNOW -
Guyana’s Finance Minister, Dr. Ashni Singh said Monday that the government plans to remove the 14% value added tax (VAT) currently being charged for importation of new electric vehicles (EV). New, in this context, means the vehicles are less than...
News

Guyana moves to assess national skills pool to aid human development agenda

OilNOW -
Guyana’s Ministry of Education is seeking a consultant to conduct a national skills audit to aid human development efforts. This is part of the government’s plans to prepare the country for its oil-fueled modernisation. Oil production continues to expand...
News

Saipem gets US$900 million contract for work offshore Norway, Brazil

OilNOW -
Saipem said it has been awarded two offshore contracts for a total amount of approximately US$900 million. The first contract was awarded by TotalEnergies for work offshore Brazil on the LAPA Southwest (LAPA SW) Development Project, a deepwater oil field...
News

Guyana project approvals this year could add over record 500,000 bpd

OilNOW -
Regulators in Guyana expect to approve two field development plans (FDPs) for offshore projects this year, according to information from the government’s 2023 national budget. The approvals are expected for ExxonMobil’s Uaru and Whiptail developments. Guyana’s Minister of Finance, Dr. Ashni...
News

Bayphase, Stratoil Energy shortlisted to bid for review of Exxon’s Uaru project

OilNOW -
Guyana’s Ministry of Natural Resources has shortlisted Bayphase and Stratoil to vie for the contract to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru. Initially, the list had stood at three, but De Godhyer...
News

Land clearing underway for Guyana’s new highland settlement, Silica City

OilNOW -
Lands are currently being cleared on the Linden Soesdyke Highway for the construction of Guyana’s new urban centre outside its capital city of Georgetown – Silica City. The land clearing will initially focus on some 185 acres out of a...
News

World oil demand to hit record levels as China reopens – IEA

Shikema Dey -
Two wild cards dominate the 2023 oil market outlook: Russia and China. According to the International Energy Agency’s oil market report for January, 2023 could see oil demand rise by 1.9 million barrels per day (mb/d) to hit 101.7 mb/d...
News

Guyana, Suriname bid rounds ‘creating buzz’ in global oil industry – WoodMac

Shikema Dey -
Global Analytical Group, Wood Mackenzie said it expects low-key, direct negotiations rather than a proliferation of high-profile licensing rounds as countries look to accelerate their oil and gas potential. But even with that said, WoodMac noted that several licensing rounds...
News

Guyana Central Bank signs pact with oil fund board for its operational management

OilNOW -
Guyana’s Finance Minister Dr. Ashni Singh on Wednesday oversaw the signing of the Operational Agreement for the Management of the Natural Resource Fund (NRF) of Guyana between the Board of Directors of the Fund and the Bank of Guyana...
1...295296297...974Page 296 of 974

Latest News

NewsOilNOW -

Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering...

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