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Venezuela’s main source of cash is dwindling at breathtaking pace

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(CNN Money) The country's oil output in January fell to its lowest level in nearly 30 years, not including a brief oil strike in 2003, according to S&P Global Platts. A monthly OPEC report published Monday revealed Venezuela pumped 1.6...
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Guyanese businessman unveils plan for mega O&G shore-base

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Source One Oil & Gas Marine Supplies - a subsidiary of heavy duty machinery company Japarts - has launched an ambitious plan to construct a full service and logistics shore-base facility for oil and gas drilling and exploration activities...
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BP begins production from Egypt’s Atoll gas field

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BP on Monday announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below...
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Guyanese Energy Company teams up with Canadian counterparts in major joint venture

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Newly established Guyanese company; Pandora Energy has entered into a joint venture partnership with Coastal Safety Management Inc. and Safe Work Solutions Inc. of Canada to provide a range of services in the oil and gas industry. The official announcement...
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Change in political leadership should not affect national agenda – Persaud

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Guyana’s former Minister of Natural Resources, Robert Persaud, is calling for a framework to be established that would ensure there is some degree of continuity and consistency when it comes to how long-term goals for national development are treated...
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Trent University Prof. cautions Guyanese on oil development ‘myth’ at GIPEX 2018

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Trent University Professor, Suresh Narine, told participants at the Guyana International Petroleum Exhibition and Summit (GIPEX 2018) held in Guyana last week that revenue from oil production must be utilized to ensure across the board improvements in peoples’ development...
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GO-Invest makes pitch to oil executives for investments in support sectors

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Chairperson of the Guyana Office for Investment (GO-Invest) Board of Directors, Patricia Bacchus, on Wednesday made a pitch to international oil executives participating in the inaugural Guyana International Petroleum Exhibition and Summit (GIPEX 2018), urging them to explore investment...
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First shipment of pipes for oil production arrives in Guyana

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The first shipment of piping material to be used for oil production in the Liza development project offshore Guyana arrived on Wednesday evening at a shore base facility in the South American Country. This represents a major step towards the use...
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Guyana gov’t commends ExxonMobil on commitment to local content

OilNOW -
Guyana’s Ministry of Natural Resources on Friday commended ExxonMobil affliate Esso Exploration and Production Guyana Limited (EEPGL) and its partners HESS and CNOOC Nexen for their commitment to implementing the local content obligations embedded in its Petroleum Agreement with...
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Guyanese company team up with Trinidadian firm in O & G

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Guyana’s Oil and Gas sector continues to grow with the coming on stream of more indigenously-owned companies providing support services to the industry, the latest being GUYSONS Oil and Gas Logistics and Services. The announcement was made by GUYSON’s Chief...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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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