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Noble Tom Madden awarded contract for Stabroek drill campaign – Noble Corporation

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Noble Corporation said on Thursday that the Noble Tom Madden has been awarded a contract for drilling operations offshore Guyana. The company made the announcement in its second quarter 2018 report. “Following the close of the second quarter, the drillship Noble Tom...
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Guyanese President defends appointment of Energy Department Head

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Following criticisms of the appointment of Environment and Resource Economist Dr. Mark Bynoe as Head of Guyana’s Department of Energy, President David Granger on Thursday, August 2, 2018, defended the Government’s choice. In justifying the hiring of the former head...
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Preparations for operationalization of Guyana’s Department of Energy to commence

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Guyana’s Department of Energy, which will have oversight of the country’s emerging Oil and Gas (O&G) industry was on Wednesday, August 1, 2018, officially established, with the unit being formally listed in the South- American nation’s Official Gazette. With the...
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ExxonMobil to implement wide-ranging measures in the event of oil spill in Guyana

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ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has outlined a number of measures the company will take in the event of an oil spill from its Liza Phase 1 development. The company’s Oil Spill Response Plan (OSRP) was...
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Positive IMF global growth forecasts propel oil prices upwards

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Oil prices rose last week, after several significant political and economic developments around the world, including Saudi Arabia's suspension of oil shipments through a strait in the Red Sea following an attack on two oil tankers as well as eased trade...
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Shell Brazil invests in solution for inspecting FPSO tanks

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(World Oil) Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed a partnership agreement to develop a robot-based technology for in-service inspection...
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How Saipem creates value while supporting SDG8

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Many companies talk about their plans to support the UN’s Sustainable Development Goal 8 (SDG8), meant to promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. But Saipem, a global leader in drilling...
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UK Firm to prepare Guyana’s first EITI Report

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A United Kingdom (UK) Accountancy and Advisory firm has been selected to prepare Guyana’s first Extractive Industries Transparency Initiative (EITI) Report. This was revealed by National Coordinator of Guyana Extractive Industries Transparency Initiative (GYEITI), Dr. Rudy Jadoopat on Tuesday, July...
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Guyana State Minister, private sector members discuss O&G

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Guyana’s Minister of State, Joseph Harmon, on Monday, met with the executive members of the Private Sector Commission (PSC) at his office at the Ministry of the Presidency. Among the areas discussed were increased collaboration between the Government and the...
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Guyana businesses want local content legislation – GCCI President

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President of the Georgetown Chamber of Commerce and Industry, Deodat Indar, says that the business community in the South American country would like to see, at the very least, some degree of legislation enacted for local content rather than...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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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