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GIPEX 2018 Launched: Major players in the O&G industry slated to participate

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Guyana will next month host a number of the world’s largest petroleum companies as the South American nation prepares to run its inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX) 2018. Built as the premier confab to promote the networking...
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Guyana invites Qatar to invest in its O&G sector

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As international momentum continues to build as it relates to Guyana’s emerging oil and gas industry, the South American nation continues to forge international partnerships - the latest being with Qatar, an established oil producing State. On Wednesday, Guyana’s Head-of-State, President...
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Signature petroleum summit to be officially launched today in Guyana

OilNOW -
The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX) 2018 will be officially launched today at a press conference being held at the Marriott Hotel in Georgetown. The country’s Minister of Natural Resources, Raphael Trotman, will launch GIPEX 2018,...
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Bauxite Company says not enough natural gas available for smelter – Trotman

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Bauxite company Bosai Minerals Group (Guyana) Inc. has indicated that the quantity of natural gas that would be available when oil production begins in 2020 is inadequate to power a smelter. The South American nation’s Natural Resources Minister, Raphael Trotman...
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U.S. oil industry set to break record, upend global trade

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(Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And...
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Need for pipe yards, fabrication and fuel supply facilities in Guyana increases with Liza Phase 2

OilNOW -
When the proposed Liza Phase 2 development project comes on stream in 2022 approximately 120 miles offshore Guyana, the need for a number of shorebase services will significantly increase. ExxonMobil Guyana says the project will utilize onshore infrastructure which may...
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Tullow Oil tiptoes back into exploration

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(Reuters) - Tullow Oil is cautiously reviving its search for new oil and gas resources in Africa and Latin America, its chief executive said, warning that the sector will need to walk a thin line to balance spending discipline...
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Maduro urges Latin American states to join oil & gold-backed cryptocurrency project

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(RT) Venezuela’s leader Nicolas Maduro has invited members of the regional ALBA-TCP bloc to join him in launching a new cryptocurrency. Named petro, the cryptocurrency will be backed by the country’s oil, gas, gold and diamond riches. “I have a...
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Conservation Int’l urges Guyana to use oil resources to fund ‘Green State Strategy’

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Guyana is being urged to use revenue that will be earned from oil production to fund the realization of its ‘Green State Development Strategy’ as part of the diversification of the country’s economic base, in order to avoid having...
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Stabroek Block: Exploration Highlights

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ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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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