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T&T government facing questions over refinery deal

OilNOW -
Former Minister of Energy in Trinidad and Tobago Kevin Ramnarine has said that the “country is truly in a state of shock” following the announcement on Friday of the government’s decision to accept the offer of the (Oil Workers...
News

Risk of further Saudi attacks high

OilNOW -
(Rigzone) The risk of further high-impact attacks against Saudi energy infrastructure is high. That’s according to Torbjorn Soltvedt, principal MENA analyst at Verisk Maplecroft, who made the statement in an analysis piece sent to Rigzone on Thursday. “For Saudi Arabia,...
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Oil funds and managing the macroeconomic effects for Guyana

Bobby Gossai, Jr. -
Successive Guyanese governments will have to consider the concept of a separate oil fund. A separate fund could entail providing for a fixed sum to be spent in areas additional to the government’s main spending programmes. However, it may...
News

Cargo Consolidators Agency launches Guyana subsidiary for O&G supplies

OilNOW -
Cargo Consolidators Agency (CCA), a Trinidad-based company with over 40 years of experience in international freight, launched its Guyana subsidiary at the Marriott Hotel, Georgetown on Friday evening. The company has been involved in the international movement of oil &...
News

Company owned by oil union to purchase Petrotrin refinery for US$700 million

OilNOW -
Media outfit Loop TT is reporting that Trinidad and Tobago’s Minister of Finance Colm Imbert announced that a company owned by the Oilfield Workers Trade Union (OWTU) has been named the preferred bidder to own and operate the Pointe-a-Pierre...
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Criticism of Guyana government mounts over election as oil production looms

OilNOW -
The international community, including Guyana’s primary bilateral partners in addition to segments of its domestic business and legal fraternity, has come out in criticism of the Guyana Government for what it has described as a breach of the Constitution...
News

Privately-owned oil spill response centre set to open doors in Guyana

OilNOW -
GAICO Construction Inc. will next month open the first privately-owned Oil Spill Response Centre in Guyana, at its Georgetown Wharf. The Centre is currently in its final stages of completion and will, according to GAICO’s Chief Executive Officer, Komal Singh,...
News

Guyana will require fewer petroleum engineers per barrel of production than T&T

OilNOW -
The University of Guyana (UG) has added an Associate’s program in Petroleum Engineering and a Master’s Degree in Petroleum Engineering, in response to the country’s rapidly growing hydrocarbon industry. With expectations high among Guyanese, more so, potential students, for training...
News

Orinduik now looks like a ‘big pool of oil traps’ – Holzman

OilNOW -
CEO of Eco Atlantic Oil and Gas Gil Holzman says that with the rare back to back oil finds in the Jethro-1 and Joe-1 wells in the Orinduik Block offshore Guyana, he believes that this is a portent of...
News

EPA’s 36-person Petroleum Unit won’t be ready in time for first oil – Dr. Adams

OilNOW -
The World Bank is assisting the Environmental Protection Agency (EPA) in Guyana with the establishment of a Petroleum Unit to address oil and gas matters as first oil approaches in the South American country. However, EPA's Executive Director, Dr. Vincent...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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