News

News

Guyanese should have a chance to participate in oil blocks auction – Vice President

OilNOW -
With there being no legal constraints in the way, Vice President, Dr. Bharrat Jagdeo is of the view that a Guyanese consortium should have a chance to participate in the imminent oil blocks bid round which will now be...
News

Guyana, T&T advance plans on regional energy security

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali and Trinidad & Tobago’s Prime Minister, Dr. Keith Rowley advanced talks Thursday regarding energy security for the region. This was revealed by both leaders during a joint press conference in Port of Spain. Bilateral discussions were...
News

Oil block auction could be delayed as government finalises fiscal terms

Shikema Dey -
Guyana’s planned offshore oil block auction may come later than expected as its government works assiduously to get the fiscal terms right to ensure balanced benefit to the parties involved. The Vice President, Dr. Bharrat Jagdeo told the press on...
News

23 customs petroleum officers complete offshore safety, emergency response training

OilNOW -
Twenty-three officers within the Customs Petroleum Unit (CPU) of the Guyana Revenue Authority (GRA) have successfully completed a Tropical Helicopter Underwater Egress Training (THUET) course to develop knowledge and operating procedures in offshore safety and emergency response. The training session...
Exploration

Maersk Discoverer confirmed for new Guyana well in fourth quarter

OilNOW -
The Maersk Discoverer semisubmersible drilling rig is confirmed for exploration operations offshore Guyana in the fourth quarter of this year. According to Maersk’s latest Fleet Status Report, the rig is scheduled to be in Guyana, on contract with CGX Resources...
News

Local Content Secretariat filtering all applications vigorously for schemers – Bharrat

OilNOW -
In the context of local content, “fronting” is a case where nationals may be listed as shareholders, executives, or management, without real participation in the strategic decision-making process of foreign companies. They may even have lower salaries than their...
News

Nigeria signs new PSCs to boost offshore production, improve investor confidence

OilNOW -
Nigerian National Petroleum Company (NNPC), the state energy firm, announced the signing of a series of Production Sharing Contractors (PSC) aimed at boosting offshore oil production. Fully termed agreements were signed off with renegotiated PSCs for five oil mining leases...
News

ExxonMobil to pursue deepwater exploration off India coasts with state oil company

OilNOW -
The state oil company of India, Oil and Natural Gas Corporation (ONGC) has signed a Heads of Agreement (HoA) with ExxonMobil for deepwater exploration of the East and West coasts of the country. The HoA was signed by Shri...
News

JV delivers first OPITO-approved training facility for Guyana’s oil and gas industry

OilNOW -
ODITC – a joint venture partnership between Orinduik Development Incorporated, Windsor Technologies and 3t EnerMech – is the first entity with approval to deliver OPITO-accredited training to the oil and gas industry in Guyana. The 3t EnerMech Guyana Training Centre of...
News

Unbundling of contracts, shorter payment period now central focus of gov’t, private sector

OilNOW -
The Ministry of Natural Resources and the Private Sector Commission (PSC) indicated, following a meeting Tuesday, that they have aligned on matters related to local content and will move together to find resolutions. The meeting involved discussions about the unbundling of...
1...394395396...1,032Page 395 of 1,032

Latest News

NewsOilNOW -

QatarEnergy deepens presence in Suriname with stakes across six offshore blocks

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing...

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