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Suriname Staatsolie warns against fraudsters offering jobs with company

OilNOW -
Suriname state oil company, Staatsolie, has issued a warning about fraudsters who claim they represent the company and are making false job offers to individuals around the world. These false offers are the basis for a variety of fraudulent activities,...
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Brazil enacts new bidding rules for production sharing regime

OilNOW -
Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration and production in blocks subject to the production sharing regime. In its original wording, Law 12.351/2010...
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Public presentation on oil refinery set for May 17 in Guyana

OilNOW -
A presentation will be made on the feasibility of establishing an oil refinery in Guyana on May 17 by the consultant hired to look into the matter by the Guyana government. Pedro Haas, Director of Advisory Services at Hartree Partners will...
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Onshore Base: Crab Island location not final but has advantages – Trotman

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Guyana’s Minister of Natural Resources, Raphael Trotman, on Wednesday disclosed that while Crab Island is considered to have some comparative advantages for the establishment of an onshore supply base for the country's emerging oil and gas industry, no final decision...
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SBM Offshore wins OTC ‘Spotlight on New Technology’ award for its innovative FPSO system

OilNOW -
SBM Offshore has received the prestigious 2017 Offshore Technology Conference (OTC) Spotlight on New Technology award. OTC recognizes innovative technologies each year with this accolade. This awards program is exclusively for OTC exhibitors and showcases the latest and most advanced...
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Guyana’s President stresses environmental care in meeting with Hess CEO

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The overarching concern for protection of Guyana’s environment was raised by the country’s President, David Granger, during a meeting on Wednesday with CEO of Hess Corporation, John Hess, and other officials. The meeting was held at State House, in...
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Discussions on Guyana’s emerging oil & gas industry taken to Berbice

OilNOW -
Several dozen people attended a discussion on Guyana's emerging oil and gas industry on Wednesday afternoon in East Berbice, Region 6. This is the same geographic area the Guyana government has signaled plans to have an Onshore Supply Base established,...
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Oil spikes as US inventories tumble

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West Texas Intermediate crude oil traded up 1.6% at $46.94 a barrel after weekly US Energy Information Administration inventory data showed a bigger drawdown than expected. US inventories fell by 5.25 million barrels during the week ended May 5. Economists were anticipating a...
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British investors signal interest in Guyana oil and gas sector

OilNOW -
During a recent state visit by Guyanese officials to the United Kingdom, British investors signalled their intention to invest in Guyana’s oil and gas sector. Late April, First Vice President and Minister of Foreign Affairs, Carl Greenidge accompanied Guyana's...
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Guyanese can register business interest with ExxonMobil online

OilNOW -
Guyanese business operators looking to provide services in the oil and gas supply chain are being urged to register their interest via an online portal open to the public. Esso Exploration and Production Guyana Limited (EEPGL) has established a supplier...
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Trinidad PM’s ‘deadly force’ warning to Venezuela sparks concern from Young about gas project

Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has warned that deadly force will be used against unidentified vessels entering...

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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