News

Gov’t, Opposition must work together to develop plan or country will suffer – Nigel Hughes

Guyanese Attorney-at-Law, Nigel Hughes, is urging the Government of Guyana and the Parliamentary Opposition to begin working together for the establishment of a long-term national development plan, failure of which could see the country being adversely affected when oil...

Oil rig explodes in Louisiana Lake Pontchartrain critically injuring 5

(NBC News) An oil rig exploded on a Louisiana lake Sunday night, injuring seven people, five of them critically, while another person remained unaccounted, authorities said. The explosion on Lake Pontchartrain was reported at 7:18 p.m. (8:18 p.m. ET) about...

Iraq-Kurdistan conflict drives up oil prices

(Financial Times) Crude oil was the standout mover on early Monday trading as conflict between Iraqi and Kurdish forces broke out south of the oil-rich city of Kirkuk, with energy stocks in Europe and Asia climbing. The Kurdistan Regional Government...

Train the trainers worked for gold, it can work for oil – McLean

Former Human Resource Manager of the now defunct Omai Gold Mines Limited, Norman McLean, believes that an effective approach for the delivery of local content in Guyana’s emerging oil and gas industry is to implement a system that allows...

Tullow Oil signs exploration contracts offshore Ivory Coast

(Reuters) Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million, an Ivorian government spokesman said on Wednesday. The contracts, which include a 10 percent share for state oil company Petroci, span exploration...

Australia, Timor Leste draw up maritime borders draft treaty to bring end to oil and gas dispute

(SBS) Australia and Timor Leste have drawn up a draft treaty setting out their maritime borders, aiming to end a bitter dispute over lucrative oil and gas fields, officials said Sunday. "Timor Leste and Australia have reached agreement on the...

Robust internet security vital for protection of sensitive data – ICANN

A secure, stable and reliable internet network is important for any country that wants to develop a framework for efficient handling of data across a number of platforms. This was pointed out by Senior Manager of Stakeholder Engagement for the Caribbean attached...

Petroleum summit pushed to February 2018

The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX 2018) will now be held on February 7-9, 2018. The summit, originally scheduled for November this year, will open strategic dialogue and place the South American country as a...

Guyana oil reserves hover around 3 billion barrels with more discoveries expected

With no proven oil reserves just over two and a half years ago, Guyana now has approximately 3 billion barrels of recoverable oil and this number is expected to further increase as the hunt for more petroleum intensifies. The country’s...

Trotman, Jadoopat invited to EITI International Board meeting in Philippines

Guyana’s Minister of Natural Resources Raphael Trotman and National Coordinator of the Guyana Extractive Industries Transparency Initiative (GYEITI) Dr. Rudy Jadoopat have been invited to attend the 38th EITI International Board Meeting in Manila, Philippines on October 25-26, 2017. OilNOW can confirm...

Latest News

Eco Atlantic to acquire JHI in US$52M deal, gaining stake in Falklands basin and Guyana’s Canje Block

Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to...