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Guyana must “bite the bullet” and pay for highly skilled professionals – Dr. Mangal

OilNOW -
Petroleum Advisor to Guyana’s President, Dr. Jan Mangal, says the South American country’s government needs to take firm steps towards “opening the doors” to professionals as part of a policy to attract skills which are badly needed in the...
Exploration

Africa Oil enters partnership with Eco Atlantic for Guyana, Namibia acreages

OilNOW -
Africa Oil Corp. says it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in Guyana and West Africa. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77%...
News

Peak oil? Majors aren’t buying into the threat from renewables

OilNOW -
(Reuters) - Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That...
News

Saudi shocks reawaken global oil markets to political risk

OilNOW -
(Bloomberg) For the first time in three years, the chief concern in the oil market isn’t too much supply. Just as production cuts by OPEC and its allies finally deplete a surplus that has weighed on oil prices since 2014,...
News

ExxonMobil Guyana closely studying corruption case involving company contracted to build Liza FPSO – Brasington

OilNOW -
ExxonMobil Guyana is paying close attention to an unfolding Petrobras corruption scandal in Brazil that involves Dutch floater specialist SBM Offshore NV - the same company contracted to build the FPSO for the Liza development project in Guyana. Under the...
News

Public calls on government, oil companies to provide more information about industry in Guyana

OilNOW -
The oil and gas industry is fairly new to the small South American country of Guyana and every man, woman and child is being encouraged to become oil-minded. The population however is calling on the government, main operator, and...
News

Former SBM CEO, sales executive, plead guilty in Petrobras scandal

OilNOW -
(Bloomberg) A former CEO of oil-services company SBM Offshore NV pleaded guilty Thursday to charges related to the Petrobras corruption scandal in Brazil as the U.S. steps up its pursuit of individuals over corporate misdeeds. ExxonMobil Guyana closely studying Petrobras corruption case...
News

Venezuelan oil output heads to 29-year low as cash crunch grows

OilNOW -
(Bloomberg) -- Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. Output is expected to slump to 1.84 million barrels a day next year, the lowest compared with official government...
News

Mangal’s public utterances disingenuous; should tender his advice to President – Persaud

OilNOW -
In wake of a series of comments made to the media during an interview on Wednesday by Advisor to the President on Petroluem, Dr. Jan Mangal, Guyana’s former Minister of Natural Resources, Robert Persaud, has taken issue with what...
News

Government must facilitate more informed views on oil – Presidential Advisor

OilNOW -
A number of people in Guyana are suspicious of the country’s emerging oil and gas industry and their elected representatives, says Advisor to the President on Petroleum, Dr. Jan Mangal. He believes that government must do more to facilitate...
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SBM Offshore targets 25% female participation in training programs

SBM Offshore Guyana is working to boost female participation in its training programs, aiming for a 25% representation, its...

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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