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UK company upskilling Guyanese oil workers lands prestigious award

OilNOW -
3t EnerMech, one of the companies involved in the upskilling of Guyanese workers, has been named ‘Regional Winner for East Africa and the Rest of the World’ by the Engineering Construction Industry Training Board (ECITB). The Board celebrates and rewards...
News

Exxon expects dip in Q3 profits

OilNOW -
ExxonMobil Corp signalled last week that its Q3 operating profits could dip to US$11 billion before impairments, a significant drop from its Q2 record of US$17.9 billion, according to a recent 8-K filing with the US Securities and Exchange...
News

OPEC+ 2 million bpd production cut to take effect in November

OilNOW -
Led by Russia and Saudi Arabia, the Organisation of the Petroleum Exporting Countries and its key allies known as OPEC+ agreed this week to cut production by 2 million barrels per day (bpd). Importantly, this is the largest reduction...
News

Is Guyana ready to go electric?

Kemol King -
The first photo to hit Facebook was of the vehicle being lifted off a ship and onto a wharf in Georgetown – a sleek, black Model Y Tesla – the first of its kind on Guyana’s shores and a...
News

Europe’s scramble for alternative energy sources justifies Guyana’s accelerated oil development – petroleum expert

OilNOW -
If observers require a compelling global case to understand why Guyana’s accelerated march to energy independence is justified, then they only ought to look at the crisis gripping Europe, says Iman Hill, Chief Executive Officer (CEO) of the International Association of...
News

UK launches massive bid round for 898 blocks

OilNOW -
With Europe locked in an energy crisis following the Russia-Ukraine war, the United Kingdom has launched its 33rd oil and gas licensing round for a whopping 898 blocks. Specifically, the UK’s North Sea Transition Authority (NSTA) issued a notice on Friday...
News

Guyana Basins Summit 2022: Massive turnout at Ministry of Labour booth

OilNOW -
As the curtains of the Guyana Basins Summit came to a close, Minister of Labour Joseph Hamilton highlighted that there was a massive turnout at the Ministry of Labour’s booth at the summit. In an interview with OilNOW on Friday,...
News

Blue Water Shipping launches Guyana office, to bring world-class logistics services

OilNOW -
Promising world-class logistics services in modern supply chain management, global provider Blue Water Shipping launched its Guyana office this week to tap into the country’s ever-expanding oil and gas sector. Since the first major discovery in 2015 by ExxonMobil, Guyana...
Opinions

More can be achieved through partnerships and mutually beneficial business relationships

OilNOW -
By Dr. Dax Driver - OilNOW I really enjoyed my visit to Guyana this week to attend the Guyana Basin Summit. It was great to catch-up with old friends and colleagues and to make many new contacts as well.  This...
News

Guyana aims to be CARICOM region’s arbitration capital, with upcoming Bill

OilNOW -
Guyana’s Attorney General and Minister of Legal Affairs, Mohabir Anil Nandlall SC, revealed on Wednesday that the government is pursuing an Arbitration Bill that will resolve disputes in Guyana’s oil and gas sector. This bill, he said, is part...
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NewsKemol King -

Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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.

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