Featured

Featured posts

News

Local content targets can be adjusted if we overestimate or shortchange ourselves – Nandlall

OilNOW -
Guyana’s Local Content Bill 2021 proposes a schedule of 40 categories of work which include minimum targets to be achieved by oil companies and their subcontractors. In the event it is observed that the targets overestimate or shortchange participating...
News

Emissions from oil industry in Middle East set to climb for years

OilNOW -
(S&P Global Platts) The Middle East will have a hard time meeting targets because economies are heavily reliant on industry and refining, which are difficult to decarbonize while fuel subsidies encourage consumption, according to Dan Klein, head of future...
News

Guyana & Suriname will be producers for 100 years- former Staatsolie CEO

OilNOW -
Guyana and Suriname have emerged as the two most exciting oil-producing provinces of the Latin America and Caribbean region. But with renewed calls for a quick transition to renewables given the troubling impacts of climate change over the last...
News

Local Content Bill closes loopholes for favouritism, monopolies – Guyana Attorney General

OilNOW -
In an effort to ensure there is a level playing field for all companies participating in the trillion-dollar oil sector, Guyana’s Local Content Bill 2021, proposes several mechanisms to banish opportunities for favouritism and the creation of monopolies. This...
News

‘Faith, trust and hope must ignite Guyana into the future’, Ali says in Christmas message

OilNOW -
Guyana’s President, Dr. Mohamed Irfaan Ali, says despite global challenges Guyana will continue to rise and it is the combination of faith, trust and hope that will propel the South American country towards prosperity in the coming years. “Each of...
News

IMF greenlights $688 million for Suriname

OilNOW -
The International Monetary Fund on Wednesday approved a program to rebuild Suriname’s foreign reserves, which will disburse $688 million over a three-year period, $55 million of which will be distributed immediately, Reuters reported. The program seeks to bring down public...
News

Better interest rates from banking sector, building ‘One Guyana’ on Ali’s radar

OilNOW -
Focus on how the banking sector in Guyana can play a bigger role in national development and how every Guyanese can benefit from the economic explosion in the new oil producing South American country are on the radar of...
News

Safe operations, multiple discoveries and big local spend mark outstanding year in Guyana for Exxon

OilNOW -
President of ExxonMobil Guyana Alistair Routledge says the company has had a safe year of operations in line with its commitment to “Nobody Gets Hurt”. Recalling the safety performance for the year, he disclosed that there were hundreds of...
News

Exxon’s Chairman to attend February 2022 energy conference in Guyana

OilNOW -
Chairman and Chief Executive Officer of ExxonMobil, Darren Woods, will attend the International Energy Conference and Expo Guyana 2022, slated for February 15 to 18 at the Guyana Marriott Hotel Georgetown. Guyana’s President Dr. Irfaan Ali will deliver the Keynote...
News

Argentina’s oil output to surpass 600,000 bpd on Vaca Muerta rally

OilNOW -
Argentina’s massive Vaca Muerta shale play reported yet another month of outstanding oil production growth, with October volumes surpassing 190,000 barrels per day (bpd) for the first time in history on the back of a record-high number of wells...
1...499500501...1,008Page 500 of 1,008

Latest News

NewsKemol King -

Chevron CEO hails Hess deal as 2025’s biggest U.S. merger, bets on lasting oil demand

Mike Wirth, Chief Executive Officer of Chevron, defended the company’s oil-first strategy in a recent interview with the New...

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