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Guyana social security body receives over GY$500 million from O&G sector in H1 2019

OilNOW -
Companies in Guyana’s emerging oil and gas sector have contributed over GY$500 million to the National Insurance Scheme (NIS) – a social security organization - for the first half of 2019. This is according to General Manager Holly Greaves, who...
News

Brazil’s latest licensing round sets new record

OilNOW -
Speaking after Brazil's Licensing Round 16 on Thursday, Juliana Miguez, from Wood Mackenzie’s Latin America upstream, said the round has set a record – the BRL 8.9 billion (US$2.2 billion) - in signature bonuses, the highest yet for a...
Exploration

SBM close to deal with Chinese yard for FPSO hull

OilNOW -
Dutch floater specialist SBM Offshore could be close to an agreement with Chinese yard China Merchant Heavy Industry (CMHI) for construction of another new hull for a floating production, storage and offloading vessel (FPSO) under its Fast4Ward® design, according...
News

Guyana President cautious on cash payouts, finance minister says proposal ‘doesn’t add up’

OilNOW -
Discussion in the South American country of Guyana on whether or not a portion of coming oil revenue should be transferred directly to households continues to take centre stage with the country’s president and finance minister, while not ruling...
News

Guyana, Qatar to boost partnership in O&G, trade and education

OilNOW -
President of Guyana David Granger on Wednesday said that the South American country is keen on cooperating with Qatar not only on building oil and gas capacity but also on realising trade and education opportunities. The president was at the...
News

Guyana is number 2 in the world for discovered resources to date in 2019 – Rystad Energy

OilNOW -
Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made globally, with Russia topping the charts at number 1. Oil and gas companies have discovered 7.7...
News

Avoid white elephants, bad spending and address the people’s needs – IMF urges Guyana

OilNOW -
Guyana, as a newcomer to the league of oil producing nations, is in a unique position to learn from and avoid the many mistakes which have been made by other resource-rich countries and to emulate best practices for effectively...
News

Potential distress flare spotted by Bourbon Rhode searchers

OilNOW -
Bourbon Offshore said in an update Tuesday that following reports on Sunday by two seafarers on-board the Alp Striker of signals that they interpreted as potentially emanating from a distress flare, the vessel immediately set a course for the...
News

BP, Shell in joint bid for renewable energy project in Trinidad and Tobago

OilNOW -
BP Trinidad and Tobago LLC (BPTT) has submitted a bid to the country’s Ministry of Energy and Energy Industries (MEEI) for a commercial scale solar power project with partners, LightSource BP and Shell. In a news update published on October 4, Trinidad and...
News

Exxon awards contract for ‘biggest-ever private investment’ in Africa

OilNOW -
Exxon Mobil Corp. has awarded a contract to develop its Mozambique liquefied natural-gas project – said to be the biggest-ever private investment in Africa – to a JGC Corp.-led group, Bloomberg said in a report on Tuesday. Japanese company JGC...
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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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