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Petroleum Commission set to play critical role in Guyana oil & gas industry

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Once established, the Petroleum Commission of Guyana will assume a lead role in monitoring and regulating the efficient, safe, effective and environmentally responsible exploration, development and production of petroleum in the South American country. The Commission will be tasked with...
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Hess gets G4 core level ranking for sustainability reporting

OilNOW -
Hess Corporation’s 20th annual sustainability report has achieved the G4 Core level for sustainability reporting under the Global Reporting Initiative (GRI) methodology. GRI is an independent organization that provides the world’s most widely recognized sustainability reporting and disclosure standards....
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Stena aiming to build local capacity, “promote from within” – Regional Manager

OilNOW -
Guyanese working on the Stena Carron Drillship offshore the South American country can expect to move up into higher-level positions as they acquire more skills, in keeping with the UK-based company’s policy of ‘promote from within’. This is according to...
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Guyanese invited to share views on landmark Petroleum Bill

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Authorities in Guyana are inviting members of the public to share their views on the Petroleum Commission of Guyana Bill 2017, to help aid in the work of a Parliamentary Special Select Committee currently studying the proposed legislation. Clerk of...
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OilNOW EXCLUSIVE: Learn more about what TechnipFMC is undertaking offshore Guyana

OilNOW -
TechnipFMC has been awarded three contracts by ExxonMobil for development of the Liza field offshore Guyana. Carlos Latorre, International Service Manager, spoke exclusively with OilNOW and had this to say... https://www.youtube.com/watch?v=fWMCjZv075Q    
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Trump threatens “strong and swift economic actions” against Venezuela

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(Reuters) - U.S. President Donald Trump threatened on Monday to take "strong and swift economic actions" if Venezuelan President Nicolas Maduro goes ahead with plans to create a super-legislature known as a Constituent Assembly in a July 30 vote. "Yesterday,...
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EITI will allow Guyanese to know what revenues are being collected – Repsol Country Manager

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Exploration Country Manager of Repsol Exploration Guyana S.A. Ryan Ramjit, believes that while the Extractive Industries Transparency Initiative (EITI) is “no silver bullet” it is extremely important for enhancing transparency and accountability. He was speaking on Saturday July 15, 2017...
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Guyana signs onto OPEC fund

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Guyana’s private sector is set to benefit from new avenues for finance and investments with the signing of an Agreement for Encouragement and Protection of Investment with the OPEC Fund for International Development (OFID). The country’s Minister of Finance, Winston...
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Excitement high as 2nd batch of Guyanese workers head out to Stena Drillship

OilNOW -
Excitement was high on Saturday at the head office of El Dorado Offshore (EDO) in Georgetown, as another batch of Guyanese workers prepared for the 120-mile journey offshore to the Stena Carron Drillship. Stena has selected 12 Guyanese nationals through...
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Trotman says Guyana is “right on target” with preparation for first oil

OilNOW -
“We are not in a sprint, we are in a marathon” were the words echoed by Guyana’s Minister of Natural Resources, Raphael Trotman, at the opening of ExxonMobil’s Centre for Local Business Development on Thursday. The US supermajor’s Country...
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Tariff threat puts new oil projects at risk – Wood Mackenzie analyst 

Dozens of new upstream oil and gas projects could be delayed if Trump-era tariffs are reintroduced, according to energy...

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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