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Smart start needed for oil production; not perfection – Regulatory Consultant

OilNOW -
Guyana must think smart and utilize the little time it has available to create a robust regulatory framework, before commercial oil production begins in 2020, advises regulatory professional and risk consultant, Peter Wilkinson. He said based on the time remaining...
News

14 Guyanese to receive oil & gas training for jobs on multiple offshore projects

OilNOW -
Fourteen Guyanese will soon be undergoing rigorous training in Trinidad and Tobago to acquire skills for the oil and gas industry, after which they will be deployed on a number of offshore projects. This initiative is the start of what...
News

SBM says work on development of FPSO for Liza project “progressing well”

OilNOW -
SBM offshore, the company contracted by ExxonMobil to install, lease and operate a Floating Production, Storage and Offloading Vessel (FPSO) for the Liza project in Guyana, says work is progressing well on schedule. At the end of 2016, SBM Offshore...
Exploration

ExxonMobil looking forward to results from new drilling campaign at Turbot field

OilNOW -
The ExxonMobil team in Guyana is said to be in high spirits as a new oil exploration campaign is set to begin at the Turbot-1 well located 107 nautical miles offshore the South American country. The US super-major has...
News

Regulations on paper mean nothing if there is no leadership, will to enforce – Energy Specialist

OilNOW -
A Guyanese Engineer with years of experience working in the United States Department of Energy says the leadership and will to enforce regulations will determine if Guyana is to avoid the misfortunes that have befallen many oil producing countries...
News

SBM adopts new approach to lower deepwater FPSO project costs

OilNOW -
(Offshore) MONACO – SBM Offshore is progressing its Fast4Ward program for FPSOs, designed to make deepwater project returns more attractive at current oil prices. Oilfield developments in deeper water, with harsher conditions, require heavier installations on deck, despite space and...
News

“Very stiff penalties” for US oil companies involved in corruption – Ambassador

OilNOW -
US oil companies operating around the world face stiff penalties if they are found to be involved in bribery and other corrupt practices, and according to US Ambassador to Guyana, Perry Holloway, this serves as a disincentive for them...
News

“It’s harder to earn money when prices are low and margins are tight” – ExxonMobil CEO

OilNOW -
The oil supply boon fueled by hydraulic fracturing has served to push petroleum prices down. This has triggered increased competitive pressures for resource-developing companies, like ExxonMobil, and increased revenue pressures for resource-owning governments, like Guyana. Speaking at the World Petroleum...
News

16 youths embark on inaugural natural resources apprenticeship programme

OilNOW -
Sixteen youths will have an opportunity during the month of August to learn more about the operations of the agencies and industries in Guyana’s natural resources sector, as part of a Youth in Natural Resources Apprenticeship Programme, launched today...
News

Use oil revenue to develop agriculture sector; urges Guyanese engineer

OilNOW -
A Guyanese engineer is urging authorities to ensure some of the revenue the country is set to receive from oil production is used to develop the agriculture sector. Dr. Vincent Adams told dozens of persons gathered on Thursday for a presentation...
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Latest News

NewsKemol King -

Authorities say CGX has been treated fairly, insist no dispute exists with company

There is no dispute between CGX Energy and the Guyana government, the country's Minister of Natural Resources, Vickram Bharrat,...

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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