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Guyana EITI candidature application approved

OilNOW -
The Extractive Industries Transparency Initiative (EITI) Board has approved Guyana’s EITI candidature application making the South American country the 53rd candidate of the global transparency body. OilNOW understands Guyana’s EITI National Coordinator, Dr. Rudy Jadoopat travelled to the Philippines to...
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Guyana to consider Chevron’s quest for offshore acreage

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, says he is excited by the interest being shown by foreign companies looking to tap into the prospects of the country’s oil and gas sector. He made specific mention of US supermajor, Chevron,...
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Hess exiting Norway and Denmark

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Hess Corporation (NYSE: HES) announced on Monday several additional steps in what the company says is the continued execution of its strategic plan to further focus its portfolio and allocate capital to higher return assets: An agreement to sell its...
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African oil expert delivers presentation to packed audience in Georgetown

OilNOW -
Theophilus Nyamko Ahwireng, former Chief Executive Officer of the National Petroleum Commission of Ghana delivered a well-received presentation on resource management, governance and sustainable development of the oil and gas sector to a packed audience in Georgetown, Guyana, on Monday. The...
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Business group staging public discussions on O&G across Guyana

OilNOW -
A key group representing the business community across Guyana will be staging a series of public discussions on oil & gas, beginning today. The Georgetown Chamber of Commerce and Industry (GCCI) will be spearheading a series of public lectures and...
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US clout in world oil market grows as exports increase

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(CNBC) For two separate weeks recently, the U.S. exported as much oil onto the world market each day as was being pumped in either Nigeria or Venezuela and by several other OPEC countries together. Those roughly 1.9 million barrels a...
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Guyana Stock Exchange head wants foreign companies to sell shares on local market

OilNOW -
While the law does not stipulate that foreign companies should make shares available on the Guyana Stock Exchange, General Manager of the entity, George Edwards, said this is an area that the country's Government should give consideration to. In an...
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EPA moving into high gear for oil & gas preparation

OilNOW -
The Environmental Protection Agency (EPA) in Guyana will host a one day retreat on October 30 to examine extensively its processes for dealing with the oil and gas industry and its likely implications for the environment. This was disclosed by the country’s...
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Exxon acquires 100,000 bpd crude oil terminal

OilNOW -
ExxonMobil said on Wednesday it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of the Permian Basin – one of the most prolific...
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Oil spill response plan a top priority of Guyana government – Minister of State

OilNOW -
The need to craft an oil spill contingency plan is among the top priorities of authorities in Guyana, and the government has already begun to put structures in place to deal with such eventualities when production begins in 2020. This...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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