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Repsol, Total in US$324M deal with Algeria’s Sonatrach

OilNOW -
Algerian energy giant Sonatrach on Monday signed a contract worth 324 million U.S. dollars with France's Total and Spain's Repsol for the development of a gas field in the south of the country. Under the contract, Sonatrach holds a major...
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Support for fund to manage billions in oil revenue growing in Guyana – Commonwealth

OilNOW -
The Commonwealth, which has been playing an integral role in helping Guyana to create regulations, policies and legislation for its emerging petroleum industry says support for a fund to manage oil revenue has grown among key stakeholders in the...
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Guyana urged to avoid poor governance, bad investments of oil revenue

OilNOW -
The resource curse, sometimes referred to as the paradox of plenty, afflicts a number of resource-rich countries around the world, and with the coming of oil, Guyana is becoming increasingly aware of the dangers associated with this scourge. In addition...
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Roraima, PAL partner for O&G aerial surveillance services in Guyana

OilNOW -
Guyanese air services company Roraima Airways is partnering with PAL Aerospace, an international aerospace and defence company headquartered in Canada, for provision of a range of services in the oil and gas industry. PAL provides most of Canada’s maritime domain...
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Liza Destiny contractor ramping up human resources in Guyana

OilNOW -
ExxonMobil’s prime contractor SBM Offshore; the company that is building the Floating, Production, Storage and Offloading Vessel (FPSO) for oil production in Guyana, is looking to fill a number of positions as preparation for first oil gets underway. Through its...
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ExxonMobil adds more than 88,900 acres to deepwater holdings in Brazil

OilNOW -
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round. The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the...
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Guyanese tech company catapulted to world stage after building ExxonMobil supplier portal

OilNOW -
Information and Communication Technology (ICT) company BrainStreet has been catapulted to the international arena after building the Supplier Registration Portal for ExxonMobil’s Centre for Local Business Development (CLBD) in Guyana. The 100% Guyanese owned company, in operation since 1994, took...
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Deepwater ‘super basins’ could be windfall for oil stocks – WoodMac VP

OilNOW -
Guyana is among the most interesting deepwater basins in the world, Andrew Latham, vice president of exploration research at Wood Mackenzie, told IBD. He noted that ExxonMobil and Hess make discoveries with almost every well they drill in the region. "They...
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Repsol shows faith in oil’s rally with dividend, spending boost

OilNOW -
(Bloomberg) -- Repsol SA, Spain’s largest oil producer, plans to raise dividends and investments over the next two years on a bet that crude will remain above $50/bbl. The scrip dividend -- a payout to shareholders in stock -- will climb...
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US$14M spent on services from 227 local suppliers for Q1 2018 in Guyana

OilNOW -
The Guyana government on Tuesday published a list of companies and individuals who are supplying goods and services in support of ExxonMobil operations in the South American country. The list of 227 local suppliers which ExxonMobil and its contractors have...
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NewsShikema Dey -

GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13...

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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