Featured

Featured posts

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

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...
Opinions

Is T&T slipping on Local Content?

OilNOW -
By Kevin Ramnarine – OilNOW Guyana's decision to legislate for local content in its oil and gas industry has been the source of debate in Guyana and in T&T. At the heart of the issue is the value captured or...
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 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...
News

Shell sanctions new project to boost Australia gas supply

OilNOW -
Shell Australia Pty Ltd (Shell Australia) and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Shell said on Monday...
News

Guyana receives GY$1.7B in payments for flaring from ExxonMobil

OilNOW -
To date, ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has flared 17.7B cubic feet of gas via the Liza Destiny floating production, storage and offloading (FPSO) vessel with 1.5B cubic feet flared thus far for 2022. As regards...
1...418419420...991Page 419 of 991

Latest News

NewsKemol King -

Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...

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