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Tullow utilizing Ebola-tested contingency strategies against COVID-19

OilNOW -
Tullow Oil PLC is using contingency plans developed to avoid the dreaded Ebola outbreak in Africa to craft strategies to guard its employees against the virulent novel coronavirus (COVID-19). The virus has to date infected more than 575,000 persons...
Opinions

Responses to oil price volatility for Guyana’s emerging oil economy

Bobby Gossai, Jr. -
The occurrence of certain events is probable in the precarious economic environment created by Oil Price Volatility (OPV); inflation and unemployment are both likely to increase, while investment, stock market returns, consumer demand, and industrial production are likely to...
News

Rosneft hands Venezuelan oil business to Russian state firm

OilNOW -
(AP) — Russia’s Rosneft oil company said Saturday that it’s halting operations in Venezuela and selling its assets there to a company fully owned by the Russian government, a move apparently intended to protect Russia’s largest oil producer from...
News

Low quality Guyana oil among list of Tullow’s 2019 disappointments

OilNOW -
Executive Chair of Tullow Oil PLC Dorothy Thompson reported the Board’s disappointment in the company’s operational and financial performance for 2019, saying that in 2020 the British oil and gas operator will work to rebuild the stakeholder trust that...
News

They used to be oil tankers. Now they’re hospital ships deployed to help during the coronavirus pandemic

OilNOW -
Two US Navy hospital ships sent to ports in California and New York will help ease the burden of hospitals immersed in treatment of coronavirus patients. According to a CNN report, the USNS Mercy reached Los Angeles on Friday morning,...
News

Oil headed to $10 a barrel as virus lockdown eradicates fuel demand

OilNOW -
(FORBES) Oil prices have collapsed by more than half this year, to $23 per barrel on Thursday for West Texas Intermediate crude. But now is not yet the time to buy oil—because the worst is yet to come. Gasoline demand is...
News

Guyana’s ‘niche product’ could help counter a bearish oil market – API Chief Economist

OilNOW -
Chief Economist at the American Petroleum Institute (API) Dr. Dean Foreman believes that Guyana’s oil economy is likely to withstand the current low-price environment triggered by the Russia-Saudi Arabia price war and now worsened by the COVID-19 global pandemic. “Guyana’s...
News

Guyana remains a bright spot in oil’s universe but politics could change the outlook

OilNOW -
The International Monetary Fund, World Bank, and several other institutions, analysts and experts have all placed Guyana on the road to rapid economic growth and transformation fueled by the massive oil resources discovered by ExxonMobil off the country’s coast...
News

SBM Offshore prioritising staff safety as global pandemic unfolds

OilNOW -
Dutch floater specialist SBM Offshore says the unprecedented times brought on by the global COVID-19 pandemic is resulting in a strong, united front from the company as it takes measures to ensure the health and safety of its workers. “As...
News

CGX’s Logistics Yard to service development of Guyana Deep Water Port

OilNOW -
CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) will in 2020 begin construction of phase 1a of the deep-water port at the mouth of the Berbice River in the South American country of...
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Technip Energies highlights collaborative role in GranMorgu FPSO project

PARAMARIBO, SURINAME  - In an exclusive interview with OilNOW during the Suriname Energy, Oil & Gas Summit (SEOGS) 2025,...

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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