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10-year plan is needed to ensure development from oil

OilNOW -
With oil production slated to begin within months, Guyana’s former Minister of Natural Resources and the Environment, Robert Persaud, says there is need for a ten-year cohesive, comprehensive plan to efficiently utilise the new-found wealth for the nation of...
News

New Zealand company wins contract for upgrade of Guyana’s taxation system as first oil nears

OilNOW -
New Zealand technology company DataTorque has won a contract to improve revenue mobilisation and tax administration for the Guyana Revenue Authority (GRA) following a competitive tendering process. GRA’s Head of Information Technology (IT), Sese Jones, told OilNOW on Tuesday the...
News

Canada’s oil and gas sector wary of left-leaning parties in minority gov’t

OilNOW -
(Reuters) - Canada’s energy industry saw its worst-case election result materialize on Monday as the Liberals failed to secure a majority government, leaving them in need of support from left-leaning parties that are opposed to new oil pipelines. Liberal Prime...
News

Kyanite Investment looking to acquire interest in Keppel Corporation

OilNOW -
Kyanite Investment Holdings Pte. Ltd. (KIH Pte Ltd.) has signaled its intent to make a partial offer to acquire 30.55% of shares in Keppel Corporation Limited at S$7.35 per share in cash. If the share purchase bid is a...
News

Trinidad investors welcomed in Guyana if entering through front door – Chamber President

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI) Nicholas Deygoo-Boyer believes that Guyanese businesses are at a disadvantage when compared to their Trinidadian counterparts due to their access to more capital and their lower hurdles to clear. But...
News

Decline in gas production could trigger recession in TT – Ramnarine

OilNOW -
Former Minister of Energy in Trinidad and Tobago Kevin Ramnarine has sounded a grim warning saying his country’s economy was unlikely to grow in 2020 but proffered a raft of possible solutions including the reformation of the Supplemental Petroleum...
Exploration

Rowan Jack up rig arrives for Repsol drill campaign at Kanuku Block

OilNOW -
The Rowan/Valaris EXL II jack up rig has arrived in Guyana’s waters in preparation for drilling in the offshore Kanuku Block for Repsol, following its drilling campaigns in Trinidad over the past few years for petroleum giant BP. Services company...
News

Petrobras boosts oil, gas output 16.5% in Q3

OilNOW -
Brazilian oil company Petrobras said Friday its third-quarter crude oil and natural gas output was 16.5% higher year on year, amid record-setting production from subsalt fields. State-led Petrobras, which has been was completing the installation of seven new floating production...
News

Oil prices fall as global demand concerns grow

OilNOW -
(Reuters) - Oil prices fell on Monday on concerns about slackening global demand that outweighed bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased. Global benchmark Brent crude oil LCOc1 was down 30 cents to...
News

Guyana, Trinidad O&G relationship must be based on mutual respect – private sector reps

OilNOW -
Members of Guyana’s business fraternity are concerned about the recent staging of an oil and gas safety forum in Georgetown by the Energy Chamber of Trinidad and Tobago. Guyanese business representatives say the local private sector groups were not...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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