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Stolen oil & gas revenue benefits elite few – Transparency International

OilNOW -
Money generated from oil and gas production finding its way into the pockets of corrupt officials is a key reason many countries rich in this precious resource, remain poor. According to Transparency International, over the next 20 years, it is expected...
News

EPA expects full consultation as Guyana gears up for oil production

OilNOW -
With oil production set to begin in Guyana by 2020, the country’s Environmental Protection Agency (EPA) said it expects to be fully consulted on environmental management and sustainable use of the South American nation’s natural resources. EPA’s representative, Aminah Damon,...
Exploration

Hess to plug US$475M into Stabroek block offshore Guyana this year

OilNOW -
Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of Guyana this year. The now world-famous oil field is home to the Liza and other...
Discoveries

Exxon to carry out exploratory work in newly acquired Kaieteur block, drilling to begin at Liza-4 well

OilNOW -
US oil major ExxonMobil will soon begin preliminary exploration work in the Kaieteur block, an area adjacent to the Stabroek block offshore Guyana, which the company recently acquired. Drilling will also commence at the Liza-4 well in the eastern...
News

BP starts up onshore compression project in T&T

OilNOW -
BP Trinidad and Tobago LLC (bpTT) announced on Thursday the start-up of the Trinidad onshore compression (TROC) project - one of seven major upstream projects BP expects to bring online in 2017. Full start-up will take place over the next...
Featured

Certified welders, other skilled workers will be needed as Guyana becomes major oil producer

OilNOW -
Beefing up education institutions in preparation for oil production which is set to begin by 2020 is critical if Guyanese are to benefit from direct employment opportunities in the emerging oil and gas sector. This is the view of...
Exploration

Exxon forges ahead with plans for second FPSO in Guyana

OilNOW -
Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this second vessel will be bigger than the first, and is earmarked for the Liza development,...
Exploration

The world needs a stable oil market

OilNOW -
The following statement was made by Tord André Lien in December last year, when he was Norway’s Minister of Petroleum and Energy. The global use of oil is increasing. Soon oil demand will surpass the 100 million barrel per day....
Discoveries

Oil Finds: We must get it right from the beginning

OilNOW -
Oil, an indispensable factor in numerous economies, account for about 2.5 percent of the world’s Gross Domestic Product (GDP). According to Forbes online, it accounts for one-third of the primary supply for the world’s population, and if natural gas...
Exploration

Expert says putting safety first in oil production is key

OilNOW -
While laying the foundation to realize its fortunes and becoming a hemispheric leader in the oil and gas industry, Guyana has also been listening keenly to the advice coming from experts in the field. Billy Joe Pellegrin, the Corporate Quality...
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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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