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‘Honest leadership’ needed if oil money is to transform villages – PM Nagamootoo

OilNOW -
Guyana’s Prime Minister, Moses Nagamootoo told a gathering of party supporters and candidates for the upcoming Local Government Elections in the South American country that responsible and honest leadership is needed at the local level to spend coming oil...
News

China slams brakes on U.S. crude oil imports

OilNOW -
(Bloomberg) Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances. The world’s second largest economy halted purchases of U.S. crude in August for the first time since September 2016, according to U.S. Census Bureau...
News

Exxon local content centre produces first Guyanese ISO certified company

OilNOW -
Guysons Oil and Gas Services has set the pace for potential suppliers in Guyana’s petroleum sector by becoming the first local company in the emerging industry to meet the requirements for International Organization for Standardization (ISO) ISO 9001:2015. The announcement...
News

‘Regulatory certainty’ key to O&G investments – ASEA Executive

OilNOW -
Mexico has installed perhaps the most comprehensive and complex energy rule changes in any nation, at any time, lifting strict state control over the oil and gas and electricity sectors, hoping for much more foreign investment. And, it is for...
Exploration

Guyanese O&G firm to announce major certification

OilNOW -
A Guyanese-owned oil field services company has become the first local firm in the industry to achieve a major globally recognized certification which it will announce today in Georgetown. Guysons Oil and Gas Logistics & Services was officially launched just...
News

ExxonMobil eyes multi-billion dollar investment at Singapore refinery

OilNOW -
(Reuters) - Exxon Mobil Corp (XOM.N) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday. “We are currently assessing a...
News

Exxon explores selling U.S. Gulf of Mexico assets

OilNOW -
(Reuters) - Exxon Mobil Corp is exploring the sale of many of its U.S. Gulf of Mexico assets, as higher oil prices prompt the world's largest publicly listed oil company to review its portfolio, people familiar with the matter said...
News

Second batch of Guyanese complete maritime training programme under SRS

OilNOW -
Guyanese manpower services provider Strategic Recruitment Solutions Inc. (SRS) on Monday concluded its second batch of training with the MATPAL Marine Institute. Eight candidates participated from various sectors and were screened and selected to complete the 7-day International Convention...
News

Oil company suing government over decision to stop issuing new exploration permits

OilNOW -
(RNZ) A New Zealand-owned oil and gas company that missed out on an oil exploration permit is suing the government for breach of procedure. Greymouth Gas Turangi missed out on a permit in last year's offer, and now wants its...
News

In South America ExxonMobil’s success makes Guyana-Suriname Basin second only to pre-salt Brazil – GlobalData

OilNOW -
Following the recent Hammerhead-1 discovery by ExxonMobil in the Stabroek block in Guyana, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offered his view on the impact this could have on the upstream...
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U.S. Bank confirms US$526M loan to help Guyana slash 460,000 tonnes of emissions annually

The Export-Import Bank of the United States (EXIM) confirmed that its Board approved a $526 million loan to Guyana...

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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