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T&T MP calls for Petrotrin Board to resign

OilNOW -
“This is the second incident in two weeks which has brought grave danger to residents following last week's oil spill which the nation remains unsure of the total quantity of oil leakage,” - David Lee Pointe-a-Pierre MP David Lee has...
News

Petrotrin may have to pay for oil clean-up in Venezuela – T&T Fmr Energy Minister

OilNOW -
“The bilateral oil contingency plan which they have activated says that Venezuela will take care of cleaning up on their side and then they will deal with the whole issue of cost afterwards...But we don’t know what it will...
News

OPEC output unchanged at 31.85 million b/d

OilNOW -
(S&P Gobal Platts) The 10 Organization of the Petroleum Exporting Countries (OPEC) members' crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today (May 5). OPEC...
News

In excess of 1,340 direct jobs could be created over lifetime of Liza phase 1 project

OilNOW -
More than 1,340 direct jobs could be created over the lifetime of the Liza phase 1 development project which will see a proposed 17 wells being drilled, equipment installed and oil production undertaken in the Stabroek Block, 120 miles...
News

Guyanese to be given first preference where capability exists – Draft Local Content Framework

OilNOW -
The Guyana government says its goal is to enable international operators and services companies to identify local employees and suppliers from within Guyana and in the diaspora. Stakeholders in Guyana’s business community are continuing their review of a draft local...
Exploration

Ratio to announce start of 3D seismic work in Kaieteur Block

OilNOW -
Israeli-based Ratio Guyana Limited will soon announce commencement of 3D seismic work with its joint venture partner Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of US oil exploration giant ExxonMobil, in the Kaieteur Block, offshore Guyana. OilNOW understands...
News

Bristow in new contract with Hess for search and rescue operations

OilNOW -
"We are using sophisticated helicopters to deploy multiple types of airborne rescues for the new service, with crews that are highly skilled and trained and ready to respond to any type of medical emergency." Bristow U.S. LLC on Wednesday announced...
News

Fugro boosts specialist oil & gas services in Guyana

OilNOW -
Fugro is to boost its marine site characterization services for the oil and gas industry in the Republic of Guyana with a new strategic alliance with Ground Structures Engineering Consultants Ltd. The new relationship will facilitate training for Guyanese...
News

Oil prices shaping up to have major effect on Russian currency

OilNOW -
The results of a recent Bloomberg survey of FX executives show that the biggest issue facing the Russian ruble in 2017 is the price of oil. Released today (May 3 2017), the results show that 51% of those polled saying...
News

Draft local content framework creates space for Guyanese businesses, entrepreneurs

OilNOW -
As Guyana gears up to become an oil producing country, its government is putting systems in place to ensure local businesses and entrepreneurs are given a fair chance to compete and benefit from opportunities that will arise in the...
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Latest News

NewsKemol King -

Guyana to engage U.S. partners on tariffs as gold, oil exports remain exempt

If Guyana has its way in talks with the United States, recently announced tariffs on Guyanese exports would be...

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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