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SBM Offshore takes ‘Life Day’ to Guyana

OilNOW -
With an eye on the safety and wellbeing of its employees, SBM Offshore observed its sixth annual Life Day event on Wednesday, June 12, 2019. Life Day, which is observed globally, was held in Guyana for the first time,...
News

Eco Atlantic not aware of any Guyana oil probe that would affect its work

OilNOW -
(Reuters) - Canadian-listed Eco Atlantic said on Wednesday it was not aware of any corruption probe in Guyana that would affect an offshore concession it has with partners Total and Tullow Oil . Guyana's anti-corruption agency launched an investigation into...
News

Our partnership is with Guyana; not an individual or political party – Exxon Upstream President

OilNOW -
US oil major ExxonMobil, operator in the Stabroek Block offshore Guyana, says it remains committed to forging a strong partnership with the Guyanese people and not with any one individual or political party. Liam Mallon, the company’s President for Upstream...
News

2019 EITI Standard launched with new requirements for contract transparency

OilNOW -
At the opening of the 8th Extractive Industries Transparency Initiative (EITI) Global Conference in Paris, outgoing Chair Fredrik Reinfeldt formally launched the 2019 EITI Standard. He said this is one of the most significant achievements of the outgoing EITI...
News

Guyana ready to work with Kosovo on exploitation of mineral reserves

OilNOW -
President of Guyana, David Granger has welcomed cooperation with Kosovo for the sustainable management of the South American nation’s natural resources. He expressed such interests during the swearing in ceremony for the first Ambassador from the Republic of Kosovo to...
News

Chevron has been in Venezuela for nearly 100 years; it could finally be forced to leave

OilNOW -
(CNN Business) Chevron's nearly century-long relationship with Venezuela might not survive the Maduro regime's fight with the United States. Not only is Venezuela's infrastructure crumbling, but the OPEC member's national oil company has been sanctioned by the Trump administration. Chevron...
Exploration

ExxonMobil evacuates staff from Iraq following rocket fire

OilNOW -
Rocket fire on Wednesday June 19 near the site of ExxonMobil’s operation in Iraq, has triggered an evacuation of the US oil major's staff, Reuters reports. According to Reuters, a rocket hit a site in southern Iraq which is used...
News

Guyana oil development unaffected by political tug-of-war

OilNOW -
As political uncertainty in Guyana intensifies following a court ruling on Tuesday that paves the way for early elections, oil development offshore remains firmly on course and all systems are in place for production start-up within months. The David Granger-led...
News

Anadarko taps TechnipFMC for major subsea contract

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a number of subsea contracts by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, for its Mozambique Golfinho/Atum development. TechnipFMC was awarded a major Contract for the...
News

Court ruling puts early elections back on front burner in oil-rich Guyana

OilNOW -
With Guyana being just months away from first oil, the country is also now facing an early election in just as little time.  On Tuesday the Caribbean Court of Justice (CCJ) ruled on a trio of cases related to...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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