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IMF team in Guyana advising on Fiscal Responsibility Framework

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Guyana is continuing to receive support from international organizations in the development of policies to successfully manage the emerging Oil and Gas sector, with the recent assistance coming from the International Monetary Fund. The IMF has been in the South...
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Guyana will be expected to publicly disclose contracts under EITI requirements

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As Guyana seems well on its way to becoming the 53rd country in the world to attain Extractive Industry Transparency Initiative (EITI) candidacy, a leading adviser supporting this process says implementing countries are now required to do much more in...
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ExxonMobil sues U.S over Russian deal

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ExxonMobil said Thursday it has launched a legal challenge to a finding by the Treasury Department’s Office of Foreign Assets Control (OFAC) that it violated U.S. sanctions against Russia in 2014 when the company followed authoritative and specific guidance from...
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Petroleum Commission set to play critical role in Guyana oil & gas industry

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Once established, the Petroleum Commission of Guyana will assume a lead role in monitoring and regulating the efficient, safe, effective and environmentally responsible exploration, development and production of petroleum in the South American country. The Commission will be tasked with...
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Hess gets G4 core level ranking for sustainability reporting

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Hess Corporation’s 20th annual sustainability report has achieved the G4 Core level for sustainability reporting under the Global Reporting Initiative (GRI) methodology. GRI is an independent organization that provides the world’s most widely recognized sustainability reporting and disclosure standards....
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Stena aiming to build local capacity, “promote from within” – Regional Manager

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Guyanese working on the Stena Carron Drillship offshore the South American country can expect to move up into higher-level positions as they acquire more skills, in keeping with the UK-based company’s policy of ‘promote from within’. This is according to...
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Guyanese invited to share views on landmark Petroleum Bill

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Authorities in Guyana are inviting members of the public to share their views on the Petroleum Commission of Guyana Bill 2017, to help aid in the work of a Parliamentary Special Select Committee currently studying the proposed legislation. Clerk of...
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OilNOW EXCLUSIVE: Learn more about what TechnipFMC is undertaking offshore Guyana

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TechnipFMC has been awarded three contracts by ExxonMobil for development of the Liza field offshore Guyana. Carlos Latorre, International Service Manager, spoke exclusively with OilNOW and had this to say... https://www.youtube.com/watch?v=fWMCjZv075Q    
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Trump threatens “strong and swift economic actions” against Venezuela

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(Reuters) - U.S. President Donald Trump threatened on Monday to take "strong and swift economic actions" if Venezuelan President Nicolas Maduro goes ahead with plans to create a super-legislature known as a Constituent Assembly in a July 30 vote. "Yesterday,...
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EITI will allow Guyanese to know what revenues are being collected – Repsol Country Manager

OilNOW -
Exploration Country Manager of Repsol Exploration Guyana S.A. Ryan Ramjit, believes that while the Extractive Industries Transparency Initiative (EITI) is “no silver bullet” it is extremely important for enhancing transparency and accountability. He was speaking on Saturday July 15, 2017...
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TT Energy Chamber flags long-term decline despite short-term gains in oil production

The Energy Chamber of Trinidad and Tobago is urging serious reform in the country's energy sector following the release...

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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