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Made-in-Alberta action plan unveiled to protect 7,000 oil & gas jobs

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A Canadian oil and gas industry lobby group says a “made-in-Alberta solution” to reduce methane emissions rather than proposed federal regulations could mitigate the number of job losses in the province over the coming decade. According to a report in...
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Shell bets big on Brazil as oil majors snap up offshore blocks

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Oil major Royal Dutch Shell Plc won half the blocks awarded in Brazil’s deepwater oil auction on Friday, while rival BP took two blocks and Exxon Mobil Corp one in a historic opening of the pre-salt play to foreign...
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Exxon says threat to gasolene demand from electric cars overblown

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(Bloomberg) Exxon Mobil Corp. says the existential threat to oil producers from electric cars is overblown. Despite concern that electrification will render obsolete the gasolene-fueled internal combustion engine, the world’s biggest crude explorer says the 158 year-old oil industry won’t go gentle...
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Long journey to EITI country compliance now begins – Ramnarine

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While Guyana’s achievement of Extractive Industries Transparency Initiative (EITI) candidacy is an occasion for celebration, it is also important to recognize that the long journey to country compliance has just started. This is the view of Trinidad and Tobago’s former Minister...
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Spain arrests four former Venezuelan officials for U.S. probe

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(Reuters) - Spanish authorities arrested a former Venezuelan deputy minister and three former executives at Venezuelan state companies for alleged links to money laundering and international corruption, Spain’s Civil Guard said on Friday. The operation was carried out with the...
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Grenada gunning for commercial oil & gas

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Global Petroleum Group (GPG) has conducted a search for oil and gas offshore the Caribbean island of Grenada, raising hopes among the population of just over 107,000, that confirmation of a big discovery could be imminent. The New Today reports...
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OPEC Secretary General optimistic of oil’s outlook

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OPEC Secretary General Mohammad Sanusi Barkindo, has signaled optimism that the international oil market is rebalancing itself at an accelerated pace and that there is finally light at the end of the dark tunnel for the first time in...
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ExxonMobil earnings rise 50% to $4B on solid business performance

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Exxon Mobil Corporation today announced its estimated third quarter 2017 earnings of $4 billion, or $0.93 per diluted share, compared with $2.7 billion a year earlier as commodity prices improved and performance in the upstream and downstream strengthened. In a...
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CNOOC Nexen and Guyana discuss collaboration, future plans

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The relationship between the Government of Guyana and China National Offshore Oil Company (CNOOC) Nexen advanced further on Wednesday when a meeting was held between Raphael Trotman, Guyana’s Minister of Natural Resources and representatives of the company in Guyana. CNOOC...
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Uncapping Guyana’s agro potential key to averting Dutch Disease – GMSA President

OilNOW -
Ensuring steps are taken to boost the competitiveness of key sectors outside of the oil and gas industry, such as agriculture, will play a key role if Guyana is to lessen the impact of, or avert altogether, the dreaded...
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Ministry of Labour conducts OSH inspection on Liza Unity FPSO

Guyana’s Ministry of Labour's Occupational Safety and Health (OSH) Department conducted a detailed inspection aboard the Liza Unity floating,...

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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