News

News

Guyana among top growth drivers as global oil supply to hit record 103.5 million b/d this year – IEA

Shikema Dey -
The International Energy Agency (IEA) forecasts a record-breaking global oil supply of 103.5 million barrels per day (b/d) in 2024. Guyana leads the production surge alongside the United States, Brazil and Canada, contributing to a collective increase of 1.5...
News

TotalEnergies, QatarEnergy follow Tullow’s exit from Guyana block

OilNOW -
Eco (Atlantic) Oil & Gas said in a Jan. 22 update that two of its partners in the Guyana Orinduik license, TotalEnergies and QatarEnergy, have relinquished their working interest.  This follows the August 2023 announcement of Tullow’s exit by selling...
News

Deepwater CAPEX in Latin America to surpass US$25 billion in 2024 – WoodMac

OilNOW -
Latin America is poised for a surge in deepwater investments, with regional capital expenditures (CAPEX) expected to surpass US$25 billion in 2024, as outlined in Wood Mackenzie’s newest report titled: ‘Latin America upstream: 5 things to look for in...
News

University of Guyana boosts faculty with 31 doctoral scholars from Exxon-funded program

OilNOW -
The University of Guyana (UG) marked a milestone as 31 faculty members, who pursued their PhDs and EdDs, graduated in December 2023. This accomplishment is a result of the Advanced Scholars Programme, initiated in the 2018/2019 academic year and...
News

Stabroek PSA delivers US$1.4 billion in profit oil, US$218 million in royalties, helps boost Guyana’s budget allocations

OilNOW -
Guyana's Natural Resource Fund (NRF) received a substantial sum of US$1.6 billion in royalties and profit oil revenues for the year 2023, as reported by Senior Minister with responsibility for Finance and the Public Service, Dr. Ashni Singh. This...
News

Cyprus foreign minister expressed support for Guyana in Venezuela row

OilNOW -
Guyana’s Ministry of Foreign Affairs and International Cooperation said Minister Hugh Todd had a telephone call with his Cypriot counterpart, during which, “unwavering support” was expressed to Guyana in the border controversy with Venezuela.  Dr. Constantinos Kombos, Minister of Foreign...
News

Westwood projects robust rebound in O&G engineering contracts, anticipates 77% spike in 2024

OilNOW -
Westwood anticipates 2024 oil and gas-related engineering, procurement and construction (EPC) contract value will rebound to close at approximately US$76 billion, a 77% increase compared to 2023. This will be driven by the demand for approximately 324 subsea trees, 22...
News

Murray Auchincloss appointed as bp CEO following rigorous selection process

OilNOW -
Bp has announced the appointment of Murray Auchincloss as Chief Executive Officer (CEO) with immediate effect, following a thorough and competitive four-month search process. Auchincloss, who has been serving as interim CEO since September 2023 after the resignation of...
News

Gas-to-Energy project obstructionists “hopelessly misguided” – Jagdeo

OilNOW -
“Hopelessly misguided” is what Vice President Bharrat Jagdeo called Elizabeth Deane-Hughes, Vanda Radzik, and international lawyer Melinda Janki for their attempt to block funding for Guyana’s Gas-to-Energy project from the U.S. EXIM Bank.  Janki reportedly wrote a letter to the...
News

Loquan to exit Trinidad’s National Gas Company after eight years

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) announced in a Jan. 18 release that Mark Loquan will not be renewing his contract with the company. His term as Director on the NGC Board and its affiliates...
1...178179180...1,026Page 179 of 1,026

Latest News

NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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.

Quick Access

Company Info

Social Networks