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Exploration

Supermajor Chevron eyeing Guyana prospects

OilNOW -
US supermajor Chevron is looking to participate in offshore activities in Guyana, making it the third oil major that views the South American country as a favourable location. Total recently moved towards entering an agreement with Eco Atlantic on the...
News

All eyes on Suriname as success offshore Guyana raises prospects for the basin

OilNOW -
A fifth oil discovery announced last week by ExxonMobil off the Guyana coast has further increased expectations that similar play could be expected in neighbouring Suriname as Tullow Oil farms into the Araku prospect on Block 54. Already, a 3D...
News

WorleyParsons enters UK North Sea market with $228M acquisition

OilNOW -
Australian engineering firm WorleyParsons Ltd (WOR.AX) said on Monday it would buy the former upstream oil and gas assets of Britain’s Amec Foster Wheeler Plc AMFW.L for 228 million pounds ($298.22 million), marking its entry into the UK North...
News

Guyana collected close to US$4.4M in revenue for oil & gas activities to date for 2017

OilNOW -
Guyana’s Minister of Finance, Winston Jordan, disclosed on Monday that the country has collected around US$4.4M (G$900 million) in revenue for the first half of 2017 from oil and gas related activities. Mr. Jordan was at the time responding to a...
News

Azerbaijan willing to assist Guyana with training, capacity building for oil & gas

OilNOW -
Guyana and Azerbaijan are looking to build stronger relations and it is hoped that this partnership would allow for mutually beneficial outcomes, and support for the effective management of Guyana’s oil and gas sector. Last week, the Ambassador of the Republic of...
Featured

Natural gas fuels manufacturing booms, creates jobs and increases GDP

OilNOW -
The natural gas industry is a major contributor to the GDP of many countries. It is by nature large-scale, employing thousands, generating millions of dollars in associated revenues and tax income, as natural gas has to be extracted from...
News

University of Guyana looking to boost capacity for training in oil & gas

OilNOW -
The University of Guyana is looking to build its capabilities in the emerging oil and gas sector through partnerships with other educational institutions in the region and even further afield. This was disclosed by Vice Chancellor of the University of Guyana,...
Opinions

Guyanese urge Gov’t, Opposition to join forces for a national plan on oil & gas

OilNOW -
As Guyana gears up for first oil in 2020, civil society, private sector groups and members of the public have been echoing the need for a clear-cut plan on how oil revenue will be spent in the South American...
News

Oil’s stint above $50 ends

OilNOW -
(Bloomberg) Was $50 a barrel for oil just a passing fancy? West Texas Intermediate, the U.S. benchmark, skyrocketed above $52 a barrel at the end of September, teasing investors. But the rally didn’t last long. After hedge funds sliced their...
News

Statoil enters solar industry with 40% share in 162MW asset in Brazil

OilNOW -
Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer. The project will provide approximately 160,000 households with electricity. Statoil...
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Latest News

NewsOilNOW -

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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