Featured

Featured posts

News

Guyana Oil and Gas Virtual Summit opens today

OilNOW -
The Guyana Oil and Gas Virtual Summit is set to open today and will run until December 3. The event is expected to place special emphasis on local content development and the increasing participation of women in Guyana’s oil...
News

Canada-Guyana Chamber set for official launch on December 4

OilNOW -
Guyana’s President, Dr. Irfaan Ali will deliver the keynote address at the launch of the Canada-Guyana Chamber of Commerce set to take place this Friday – December 4, at the Arthur Chung Conference Centre in Georgetown. In a press update...
Exploration

ExxonMobil to prioritize spending on “advantaged assets” in Guyana, USA and Brazil

OilNOW -
Following a review of its future business plans, ExxonMobil announced on Monday that it intends to prioritize near-term capital spending on advantaged assets with the highest potential future value. It said that these will include developments in Guyana and...
Exploration

Eco Atlantic increases acreage in Namibia, remains focused on world class Guyana basin

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said Monday it has successfully negotiated the reissuance of four licences in the Walvis Basin, offshore Namibia conditional to customary final government signature. The company was awarded four new Petroleum Exploration Licenses (PEL) on its existing offshore blocks,...
News

Oil companies drill where data is most promising, but Liza and Tanager show results could vary

OilNOW -
Back in 2015, ExxonMobil made the decision to begin drilling for oil in Guyana at Liza-1 since this prospect was the biggest and best, based on data analysed by the company. Several elements need to line up in order to...
News

Saipem pledges support for Women Empowerment Principles

OilNOW -
Italian multinational oilfield services company Saipem has signed the declaration of support for the Women Empowerment Principles (WEP) and the Manifesto for female employment of the Valore D association. The company, a prime contractor for ExxonMobil’s Stabroek block developments in...
News

ExxonMobil looking for suppliers for its fiber optic cable project

OilNOW -
ExxonMobil Guyana is looking for suppliers to provide onshore installation services for its high-speed fibre-optic/wireless transport project. The company said in a public notice it was seeking to identify suppliers who can provide ‘onshore underground fiber optic cable survey and...
Opinions

For Guyana ‘light is right’ – the crude quality of choice

OilNOW -
The following is an opinion piece by Arthur Deakin, Analyst at Americas Market Intelligence (AMI) where he conducts political, economic, and other risk analysis activities for the mining, energy and infrastructure sectors in both Latin America and Africa. Starting in January...
News

Dreams of oil riches and prosperous times could be dashed when expectations are unrealistic

OilNOW -
Transforming billions of barrels of oil resources deep beneath the surface into cash in hand which can be used to directly benefit a country and its people comes with a multitude of challenges, which if overlooked, can see the...
Opinions

Fiscal smoothing for Guyana’s wealth funds

Bobby Gossai, Jr. -
Resource funds have been funded from a variety of sources. In some cases, large trade surpluses have been added to the foreign-exchange reserves of some countries, so as to substantially exceed the normal needs for foreign-exchange stabilisation. In other...
1...662663664...1,015Page 663 of 1,015

Latest News

NewsShikema Dey -

Guyana hits record three-quarter million barrels of oil per day

Total offshore production from Guyana’s Stabroek Block has hit over 700,000 barrels of oil per day, President of ExxonMobil...

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