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API’s Chief Economist to make global energy presentation to Guyana business group

OilNOW -
Chief Economist of the American Petroleum Institute (API) Dr Dean Foreman will make a presentation to the executive and membership of the Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday September 1, 2020. Dr. Foreman will be presenting...
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President Ali pushes 60% reduction in electricity cost as part of gas to power initiative

OilNOW -
Guyana’s President, Dr. Irfaan Ali, says his administration is committed to establishing a natural gas facility to meet the energy needs of the South American nation. Dr. Ali's comments come almost a week after President of ExxonMobil Guyana, Alistair Routledge,...
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Top envoy says U.S. preparing tighter oil sanctions on Venezuela

OilNOW -
(Reuters) - The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially removing exemptions that allow some oil companies to receive crude...
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PPP/C government urged to embrace dual citizens, avoid wasteful investments – as part of new deal for oil development

OilNOW -
Acknowledging that it was vital Guyana got past its recent political crisis if the country had any hope of benefiting from its vast offshore oil discoveries, two individuals at the Institute of the Americas, University of California San Diego,...
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Normand Installer set to arrive in Guyana as development work for Liza Phase 2 continues

OilNOW -
Activities are ramping up offshore the South American country of Guyana in preparation for the Liza Phase 2 Development, set to come on stream by mid-2022. The multi-purpose offshore vessel Norman Installer will arrive at the Stabroek Block this...
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Brent hits five-month high

OilNOW -
(Reuters) - Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels in...
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World oil demand has grown by 13 million bpd over last 4 months – to plateau just below pre-COVID levels

OilNOW -
World oil demand has grown at a record pace—by 13 million barrels per day in the last four months—since the bottom of the COVID-induced collapse in April. But that pace of growth is expected to taper off with global...
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Aramco discovers two new oil and gas fields in northern Saudi Arabia

OilNOW -
(Bloomberg) - Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman. Gas has started flowing from Hadabat Al-Hajara field near the Iraqi...
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Caribbean-Dubai Chamber of Commerce under consideration

OilNOW -
First Lady of Guyana, Mrs. Arya Ali on Saturday participated in the first of a series of meetings, which was organized by the Dubai Vigilance Group (DVG) to reflect on the role of women in today’s society and one...
News

Guyana COVID-19 Situational Report with forecasts

Bobby Gossai, Jr. -
Updated: August 29, 2020 Figure 1: Monthly COVID-19 Tests to Positive Cases in Guyana The chart above highlights the comparison between the number of monthly tests for coronavirus to the positive cases which have been recorded from March 11 to August...
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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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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