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In excess of 1,340 direct jobs could be created over lifetime of Liza phase 1 project

OilNOW -
More than 1,340 direct jobs could be created over the lifetime of the Liza phase 1 development project which will see a proposed 17 wells being drilled, equipment installed and oil production undertaken in the Stabroek Block, 120 miles...
News

Guyanese to be given first preference where capability exists – Draft Local Content Framework

OilNOW -
The Guyana government says its goal is to enable international operators and services companies to identify local employees and suppliers from within Guyana and in the diaspora. Stakeholders in Guyana’s business community are continuing their review of a draft local...
Exploration

Ratio to announce start of 3D seismic work in Kaieteur Block

OilNOW -
Israeli-based Ratio Guyana Limited will soon announce commencement of 3D seismic work with its joint venture partner Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of US oil exploration giant ExxonMobil, in the Kaieteur Block, offshore Guyana. OilNOW understands...
News

Bristow in new contract with Hess for search and rescue operations

OilNOW -
"We are using sophisticated helicopters to deploy multiple types of airborne rescues for the new service, with crews that are highly skilled and trained and ready to respond to any type of medical emergency." Bristow U.S. LLC on Wednesday announced...
News

Fugro boosts specialist oil & gas services in Guyana

OilNOW -
Fugro is to boost its marine site characterization services for the oil and gas industry in the Republic of Guyana with a new strategic alliance with Ground Structures Engineering Consultants Ltd. The new relationship will facilitate training for Guyanese...
News

Oil prices shaping up to have major effect on Russian currency

OilNOW -
The results of a recent Bloomberg survey of FX executives show that the biggest issue facing the Russian ruble in 2017 is the price of oil. Released today (May 3 2017), the results show that 51% of those polled saying...
News

Draft local content framework creates space for Guyanese businesses, entrepreneurs

OilNOW -
As Guyana gears up to become an oil producing country, its government is putting systems in place to ensure local businesses and entrepreneurs are given a fair chance to compete and benefit from opportunities that will arise in the...
News

Oil prices drop below $48; first time in over a month

OilNOW -
(CNBC) Oil prices sharply extended losses just before Tuesday's settlement, with U.S. crude breaking below $48 a barrel for the first time in more than a month. U.S. West Texas Intermediate futures and international benchmark Brent crude were both down...
Exploration

CGX maps out plans for “getting back in the game”

OilNOW -
CGX Energy Inc. has provided details on the financial state of the company and its plans to restart oil exploration offshore Guyana. The Canadian-based oil junior released its audited consolidated financial results for 2016 along with an update on...
News

OTC: Oil companies should beef up cyber security

OilNOW -
As oil companies outfit offshore platforms and drilling rigs with more automated, interconnected devices such as sensors, they should pay more attention to keeping those systems protected from online attacks, a speaker said at the Offshore Technology Conference on...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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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