News

News

Large number of ships heading to South America, Caribbean with refined products

OilNOW -
(S&P Global Platts) A large fleet of refined product cargoes was en route July 19 to the southern part of South America to fill winter and harvest needs and to the Caribbean to fill summer tourist demand. Platts cFlow ship and...
News

China’s LNG imports to see unprecedented decline in 2022 – WoodMac

OilNOW -
China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says global research and consultancy group, Wood Mackenzie. After a solid growth in 2021, China’s...
News

Halliburton sees drilling demand lasting “multiple years” despite lower earnings in Q2

OilNOW -
Oilfield services provider Halliburton on Tuesday said it remains confident of years of increased drilling activity globally despite recording lower earnings in the second quarter of 2022. The company’s net income fell to US$102 million from US$263 million mainly due to the pre-tax...
News

Guyana raked in over GY$48B in oil revenues in second quarter

OilNOW -
In just three months, Guyana received a total of GY$48,406,316,589 (US$232,164,587.96) in royalty and profit oil payments in the Natural Resource Fund (NRF), according to a notice published in the Official Gazette dated July 18, 2022. Giving a breakdown, the Finance...
News

CGX CFO leaves job with immediate effect, new person appointed

OilNOW -
CGX Energy announced on Monday that its newly installed Chief Financial Officer (CFO) George Davis has been replaced by Daniel Sanchez – currently head of the Corporate Consolidation and Reporting team at Frontera Energy Corporation, effective immediately. Davis had been appointed CFO on July 5 but according...
News

Guyana modernising transport infrastructure in region set for major development

OilNOW -
As the growth of Guyana's oil and gas sector fuels development in areas where service centers are erected, the government is moving to upgrade and modernise supporting infrastructure – particularly for the transport sector. Through the Central Housing and...
News

US gas production to surpass record 100 Bcfd by year-end, more growth expected in 2023 – Rystad Energy

OilNOW -
US natural gas production is forecast to hit an all-time high in the coming months, racing past 100 billion cubic feet per day (Bcfd), helping feed global demand as the world faces a severe supply shortage. Rystad Energy’s analysis...
News

Guyana will not engage in “unproductive splurge” of oil revenues – Vice President

OilNOW -
Guyana intends to invest billions of dollars in oil revenues in the country’s capital projects to build capacity and transform infrastructure.  According to the Vice President, Dr. Bharrat Jagdeo, this is “absolutely necessary” to get the most out of...
News

‘Africa’s gas resources can leapfrog continent’s transformation’ – Energy Chamber

OilNOW -
With total gas reserves of 620 trillion cubic feet, Africa’s gas resources provide the continent with an opportunity to leapfrog into its energy transition and reduce emissions and deforestation rates, while at the same time addressing energy security within...
News

Guyana’s largest shore base secures 11-year contract extension with Exxon

OilNOW -
The Guyana Shore Base Inc. (GYSBI) – the South American nation’s premiere shore base facility secured an 11-year extension contract to see it giving continued service to ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL). GYSBI’s new contract...
1...412413414...1,035Page 413 of 1,035

Latest News

NewsOilNOW -

Tourism minister calls for cultural shift, stronger service standards to power Guyana’s next economic phase

Tourism, Industry, and Commerce Minister Susan Rodrigues has called for a national cultural transformation to align with Guyana’s rapid...

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