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Trotman for Petroleum meeting in Suriname

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, will be participating in the New Petroleum Producers Discussion Group’s annual meeting, which is taking place in Paramaribo, Suriname from October 13 to 20, 2017. Other staff members from the Ministry of Natural Resources...
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Search suspended for missing worker after oil rig explosion in Louisiana

OilNOW -
(ABC) The search for a missing Louisiana worker was suspended Monday evening after he was unaccounted for following an explosion on a large oil rig Sunday night. The Kenner Police Department said it fielded a flurry of 911 calls at 7:18 p.m....
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Gov’t, Opposition must work together to develop plan or country will suffer – Nigel Hughes

OilNOW -
Guyanese Attorney-at-Law, Nigel Hughes, is urging the Government of Guyana and the Parliamentary Opposition to begin working together for the establishment of a long-term national development plan, failure of which could see the country being adversely affected when oil...
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Oil rig explodes in Louisiana Lake Pontchartrain critically injuring 5

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(NBC News) An oil rig exploded on a Louisiana lake Sunday night, injuring seven people, five of them critically, while another person remained unaccounted, authorities said. The explosion on Lake Pontchartrain was reported at 7:18 p.m. (8:18 p.m. ET) about...
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Iraq-Kurdistan conflict drives up oil prices

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(Financial Times) Crude oil was the standout mover on early Monday trading as conflict between Iraqi and Kurdish forces broke out south of the oil-rich city of Kirkuk, with energy stocks in Europe and Asia climbing. The Kurdistan Regional Government...
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Train the trainers worked for gold, it can work for oil – McLean

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Former Human Resource Manager of the now defunct Omai Gold Mines Limited, Norman McLean, believes that an effective approach for the delivery of local content in Guyana’s emerging oil and gas industry is to implement a system that allows...
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Australia, Timor Leste draw up maritime borders draft treaty to bring end to oil and gas dispute

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(SBS) Australia and Timor Leste have drawn up a draft treaty setting out their maritime borders, aiming to end a bitter dispute over lucrative oil and gas fields, officials said Sunday. "Timor Leste and Australia have reached agreement on the...
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Petroleum summit pushed to February 2018

OilNOW -
The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX 2018) will now be held on February 7-9, 2018. The summit, originally scheduled for November this year, will open strategic dialogue and place the South American country as a...
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Guyana oil reserves hover around 3 billion barrels with more discoveries expected

OilNOW -
With no proven oil reserves just over two and a half years ago, Guyana now has approximately 3 billion barrels of recoverable oil and this number is expected to further increase as the hunt for more petroleum intensifies. The country’s...
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US$1.5M financing secured for completion of Guyana’s Green State Development Strategy document

OilNOW -
The Ministry of the Presidency in Guyana has secured US$1.5 Million (GY$ 300 Million) to finance the development of the Green State Development Strategy (GSDS). This financing was approved by the Steering Committee of the Guyana REDD+ Investment Fund...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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