News

News

Keppel hires GE Power to supply electric modules for Brazil-bound FPSOs

OilNOW -
Singapore-based Keppel Shipyard has selected GE Power Conversion to design, supply and deliver two electrical modules for Petrobras’ floating production, storage and offloading vessels (FPSO) that will operate in Brazil. The FPSO vessels, coded P-80 and P-83, will be used...
News

Work begins on Trinidad’s 112MW solar project 

OilNOW -
Trinidad and Tobago took a major step towards achieving its clean energy goals as work officially began on the country's first utility-scale solar project. The sod-turning ceremony at Brechin Castle marked the beginning of the construction of the 112MWac...
News

No decision yet on oil refinery for world’s fastest growing economy

OilNOW -
The Guyana government has not made a decision yet on whether or not to pursue the construction of an oil refinery in the country, according to comments made by Vice President Dr. Bharrat Jagdeo. Dr. Jagdeo stated during a media...
News

Six schools feature in SBM Offshore’s first Guyana-Monaco Mousetrap Car Grand Prix

OilNOW -
Six schools from Guyana recently participated in the first-ever Guyana-Monaco Mousetrap Car Grand Prix, an exciting competition aimed at promoting science and engineering among students, hosted by SBM Offshore Guyana. The event, which was held on April 11 at...
News

2023 oil price forecast hiked to $85/b by US Energy Body as OPEC cut remains in play 

Shikema Dey -
Oil prices shot up to US$83 per barrel as the United States (US) Energy Information Administration (EIA) revised its forecast for this year and the next.  In its Short Term Energy Outlook, the EIA expects Brent to average at US$85.01...
News

Qatar to extend North Field East LNG with Sinopec as partner

OilNOW -
QatarEnergy, the state-owned oil and gas company of Qatar, has signed a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project. The NFE project is the largest project in the history of...
News

Ministry still accepting comments on Guyana’s model contracts – Jagdeo 

OilNOW -
The Ministry of Natural Resources of Guyana continues to accept comments on the draft model Production Sharing Agreements (PSA), which will apply to the ongoing bid round. Despite the deadline for comments having passed, Vice President Dr. Bharrat Jagdeo...
News

World Court gives Venezuela one year to file counter Memorial in Guyana border case

OilNOW -
The International Court of Justice has given Venezuela one more year to file a counter Memorial in the ongoing border case with Guyana - April 8, 2024. The case centers on the legal validity and binding effect of the...
News

Oil production kicks off at bp’s Argos platform in the Gulf 

OilNOW -
Argos, bp’s fifth platform in the deepwater Gulf of Mexico (GoM) achieved startup, the company announced Thursday, to deliver more energy and strengthen its position as a leading producer there. It is the first new bp-operated production facility in the...
News

Guyana to issue permit for Exxon’s Uaru project in 2-3 weeks – VP

OilNOW -
Guyana's Vice President Dr. Bharrat Jagdeo said the review of Exxon’s proposed Uaru project has been “practically” completed, and that final approval is expected in a maximum of 2-3 weeks.  Presently, the Ministry of Natural Resources is conducting its final...
1...264265266...997Page 265 of 997

Latest News

NewsOilNOW -

Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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