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Minister fears small businesses have not grasped magnitude of coming oil bonanza

OilNOW -
Guyana's Minister of Business, Dominic Gaskin, said businesses that understand where the country is going over the next two decades will make better decisions than those that do not. He was at the time delivering remarks at the opening of...
Opinions

The financial sector and business cycle linkages in the emerging Guyanese oil economy

Bobby Gossai, Jr. -
The recent oil price fluctuation has created concerns for many oil-exporting countries and particularly for the Organization of the Petroleum Exporting Countries (OPEC) members. For Gulf countries, hydrocarbon exports represent more than half of total exports. Oil revenues account...
News

Saipem, Petrofac and Samsung awarded US$4B onshore E&C contract in Thailand

OilNOW -
Saipem, in consortium with Petrofac and Samsung, has been awarded a new Onshore E&C contract in Thailand for the expansion of the Sriracha refinery. The total value of the project is approximately 4 billion USD. In a press release on...
News

ExxonMobil in hunt for ‘next Guyana’

OilNOW -
US oil major ExxonMobil is acquiring large amounts of seismic data in a hunt for prospects that would mirror its massive oil discoveries in the South American country of Guyana. The company is targeting western and southern Africa for the...
News

Steps being taken to ensure wealth fund is fully operational by 2019 – President Granger

OilNOW -
Concerted steps are being taken to ensure that the revenues accrued from the oil and gas sector will not be squandered, but instead, be invested strategically in building human and institutional capacity for future generations. These were the words of...
News

Ratio Petroleum gunning for oil & gas in the Philippines

OilNOW -
Ratio Petroleum Ltd., the parent company of Ratio Guyana Limited which holds a 25% interest in the Kaieteur Block in Guyana along with partners, Esso Exploration & Production Guyana Limited (35% & Operator), Cataleya Energy Limited (25%) and Hess...
News

‘knowledge transfer’ will accelerate growth of industry in Guyana – Siobhan Coady

OilNOW -
Minister of Natural Resources from the Canadian Province of Newfoundland and Labrador, Siobhan Coady, is encouraging Guyana, as an emerging oil and gas producing nation, to look at how best the country can benefit from “knowledge transfer” in the oil and...
News

Oil & gas will create major opportunities for tourism, food and beverage sectors – Ramesh Persaud

OilNOW -
The Institute of Private Enterprise Development (IPED) in Guyana is encouraging entrepreneurs to examine opportunities that are aligned with the country’s emerging oil and gas sector and to see how best they can tap into those. This view was articulated...
News

Head of Energy Dept. outlines five principles on which Guyana’s O&G sector is to be streamlined

OilNOW -
Head of Guyana’s Department of Energy, Dr. Mark Bynoe says every effort will be made to streamline operations in the country’s emerging oil and gas sector. He was speaking at a welcome reception at the residence of the Canadian High...
News

Guyana looking to learn from experiences of Newfoundland and Labrador as MoU on O&G cooperation is inked

OilNOW -
The Government of Guyana and the Canadian Province of Newfoundland and Labrador signed a Memorandum of Understanding (MOU) on Monday at the Ministry of the Presidency, in the South American country’s capital, Georgetown. The MOU is intended to foster greater...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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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