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Misleading, disingenuous reports on oil ‘taking toll’ – State Minister

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Guyana’s Minister of State, Joseph Harmon says consistently disingenuous and misleading negative reports in sections of the Guyanese media on matters relating to the country's emerging oil and gas industry is beginning to take its toll - something the...
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Eco Atlantic now recognized as TSX Venture 50 Company

OilNOW -
In wake of its announcement of a potential 1 billion plus barrels of oil at its Orinduik Block offshore Guyana, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), said Friday that it has been recognized as a 2018...
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Court hands Trump another defeat in bid to block Obama-era oil and gas methane emissions rule

OilNOW -
A U.S. District Court judge has blocked the Interior Department from suspending an Obama-era rule meant to prevent planet-warming methane from escaping during oil and natural gas operations. According to a CNBC report, the ruling marks the latest setback for...
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Over 3,500 world energy leaders to converge in Bahrain for GEO 2018

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Over 3,500 world energy leaders, stakeholders and executives from 50 countries are set to converge in Bahrain for the 13th Middle East Geosciences Conference and Exhibition (GEO 2018) for 4 days of strategic dialogue and business opportunities. Oil and Gas...
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Reps hail Total’s Egina FPSO on local content

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(PM News) The Chairman, House of Representatives Committee on Local Content has described the Egina Floating Production Storage and Offloading (FPSO) of Total Upstream Nig. Ltd. as a pride for Nigeria. The Committee Chairman, Mr Emmanuel Ekon, made commendation during...
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Guyana focusing on benefits of oil contract; not renegotiation – Minister of State

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Guyana’s Minister of State Joseph Harmon says the Production Sharing Agreement between ExxonMobil and the South American country is binding and the David Granger led administration will be looking ahead, focusing on the benefits to be accrued when oil...
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Businessman behind ‘go-invest elsewhere’ ad apologises

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Guyanese Businessman, Chief Executive Officer of Bel Air Georgetown-based Eco Potanzia Industry, Siri Persaud, has owned up to being behind a print advertisement in the Guyanese press calling on investors to invest elsewhere. Persaud has since apologised by way of...
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Guyana welcomes strategic partners who put country first

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Authorities in Guyana have embraced the position that the South American country alone cannot efficiently and competitively develop its emerging Oil and Gas (O&G) industry and as such, should continue to seek out strategic partners. The country’s Minister of Public...
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Brazil to decide in first half on Total’s Amazon River basin drilling

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(Reuters) - Brazil environmental agency Ibama will decide on French oil firm Total’s application to drill in the environmentally sensitive Amazon river basin before the end of May, and possibly as soon as the end of March, an agency...
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Aker Energy buys Hess Ghana business, expects first oil in 2021

OilNOW -
Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Hess holds a 30 percent interest in the Stabroek Block offshore Guyana. Reuters reports...
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ExxonMobil sees 60% year-on-year production boost in Guyana

ExxonMobil’s Chief Financial Officer, Kathy Mikells reported a 60% year-on-year increase in crude oil production offshore Guyana, during the...

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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