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Guyana’s oil not another’s feast

OilNOW -
Guyana has always cherished its co-operation and collaboration with our sister CARICOM states. But the gap between talk and action breeds much skepticism about the regional integration project. For instance, I recall, as Agriculture Minister, the battles we fought...
Featured

A decade after oil discovery! The bold steps, the mistakes, the lessons, and the future

OilNOW -
Like Guyana, the first major oil discovery was made in the West African country of Ghana in the same year the country celebrated its 50th Independence Anniversary. The hope was that oil revenue would help to advance the country's growth...
News

PEMEX makes largest onshore discovery in 15 years

OilNOW -
On Friday November 3, Enrique Peña Nieto, President of Mexico, announced the discovery of an important reservoir with excellent quality light-crude oil and gas, said to be the most important onshore discovery made by Petróleos Mexicanos (PEMEX) in the...
News

TechnipFMC awarded subsea contract for gas project in Malaysia

OilNOW -
TechnipFMC (NYSE: FTI) and (PARIS: FTI) has been awarded a subsea contract by Murphy Sabah Oil for the Phase 1A Block H Gas Development Project. The project is located in offshore Sabah, Malaysia, at a water depth of approximately...
News

US exit from EITI will not affect ExxonMobil participation in the anti-corruption body – Brasington

OilNOW -
The decision by the United States government this week to withdraw from the Extractive Industries Transparency Initiative (EITI) will have no impact on ExxonMobil’s participation in the anti-corruption body and engagement in implementation activities in countries outside of the...
News

T&T firm wants to farm into land-based oil blocks in Guyana

OilNOW -
Decker Petroleum Marketing Company Ltd., a Trinidadian company focused on the production of asphalt, has formally expressed its intention to pursue onshore exploration and production of hydrocarbons in Guyana. OilNOW has learnt that the expression of interest came days after...
News

Exxon reigns supreme as world’s largest oil company

OilNOW -
ExxonMobil, which has weathered the plunge in oil prices, has held onto its title as the world's largest oil company, according to Forbes. The Texas-based company is No. 13 on Forbes' 2017 Global 2000 list of the world’s biggest and most...
News

Guyana’s President vows to align oil transformation with green agenda

OilNOW -
Guyana’s President, David Granger, says his government is committed to ensuring that the transformation expected from the oil and gas industry is closely aligned with the country’s green development agenda. Addressing the opening of the 71st Sitting of the 11th Parliament...
News

Hess captures leadership status in CDP’s Global Climate Analysis

OilNOW -
Hess Corporation (NYSE:HES) has been recognized for climate change stewardship, achieving leadership status in CDP’s 2017 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status. This is the ninth consecutive year that Hess earned this...
News

U.S. withdraws from extractive industries anti-corruption effort

OilNOW -
(Reuters) - The United States has withdrawn from the Extractive Industries Transparency Initiative (EITI), an international effort to fight corruption in managing revenues from oil, gas and mineral extraction. EITI calls US withdrawal from the anti-corruption body “disappointing, backwards step” There...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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