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Encouraging indicators for oil & gas in Jamaica says PCJ

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(Jamaica Observer) The Petroleum Corporation of Jamaica (PCJ) says a geological study recently conducted by CGG Robertson of the United Kingdom has revealed further “encouraging” signs for possible petroleum potential on and off-shore Jamaica. “The investigations, which were carried out...
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Amendments being made to Petroleum Commission bill

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Further amendments are being made to the bill being proposed for the establishment of Guyana’s Petroleum Commission – the regulatory body that will have oversight of the oil and gas industry. The move, which would possibly see the reducing of...
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ExxonMobil US$300,000 support kick starts Iwokrama Science Programme

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ExxonMobil Guyana’s US$300,000 (G$62M) contribution to the Iwokrama International Centre back in November has paved the way for the re-launching of the entity’s Science Programme. The first meeting for the Iwokrama Science Committee was held on February 12-13 where the...
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15 Guyanese receive training to work on Noble Bob Douglas Drillship

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A total of 15 Guyanese recently completed courses in Basic Safety Training (BST) and Ship Security Awareness (SSA) as part of the requisite training and certification needed to qualify them to be employed on the Noble Bob Douglas Drillship. The...
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Guyanese oil spill responder wants marine laws revised

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Gaico Construction and General Services - a Guyanese company investing in marine vessels, skimmers, booms and other oil spill response equipment - wants the Guyana Government to immediately overhaul its marine laws ahead of oil production. GAICO’s, Chief Executive Officer,...
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Final draft local content policy framework document with Guyana authorities

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The final draft document outing Guyana’s local content policy framework has been handed over to authorities and an implementation plan is expected to be crafted soon. Author of the document and Policy Advisor to Guyana’s Natural Resources Ministry, Regional Energy...
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Bigger investments in Guyana highest learning institution needed – VC

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The University of Guyana (UG) is appealing for bigger investments in order to effectively ‘prepare thousands of Guyanese’ for the country's emerging Oil and Gas (O&G) sector. So says the institution’s Vice Chancellor, Professor Ivelaw Griffith, who this past week...
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CGX contract outlines 53% profit oil, 1% royalty for Guyana

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The petroleum agreement between the Government of Guyana and Canadian-based CGX Resources Inc. (CGX Energy) stipulates 53 percent profit oil and 1 percent royalty for the South American country in the event the company makes a discovery and moves...
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Guyana President downplays ‘renegotiation’ of ExxonMobil contract

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Guyana’s Head of State, President David Granger has downplayed the notion of renegotiating the Production Sharing Agreement between the South American country and ExxonMobil affiliate - Esso Exploration and Production Guyana Limited. Speaking to members of the media on Wednesday...
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Maduro claims Venezuela lifted oil production by 250,000 Bpd

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(OilPrice) While analyst estimates and official figures show that Venezuela’s crude oil production continues to plummet amid a severe economic crisis and cash crunch, Venezuelan President Nicolas Maduro—true to his rhetoric--said on Thursday that the country’s oil production had increased...
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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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