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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...
News

Largest oil & gas conference in the world opens with focus on Mexico, Brazil

OilNOW -
Houston’s Offshore Technology Conference, the industry’s largest annual summit, opened today with a keynote from Richard Morrison, BP’s regional director for the Gulf of Mexico, the first of many focusing on new technologies and strategies to rebuild the offshore...
News

T&T oil spill reaches Venezuela; former energy minister chastises Petrotrin

OilNOW -
An oil spill which occurred at Trinidad and Tobago’s state oil company Petrotrin on April 23 has now spread to the Venezuelan maritime boundary. The country’s Ministry of Energy says it is tracking the trajectory of the oil spill through...
News

Hess earns place on CR’s 2017 Best Corporate Citizens List

OilNOW -
Hess Corporation (NYSE: HES), a 30% shareholder in the Stabroek block, offshore Guyana, has earned a place on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2017. The list recognizes public companies across the United States...
News

Consultant advising on oil refinery will arrive in Guyana May 17 to present study

OilNOW -
The consultant hired to advise the Guyana government on the economics of a refinery is scheduled to arrive in the South American nation on May 17. A number of players in the industry have been closely watching this development. Trinidad...
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Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

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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