News

News

Drivers of civil unrest in Latin America

OilNOW -
(IHS Markit) Latin American countries are gradually beginning to reopen after 18 months of coronavirus disease 2019 (COVID-19)-virus-related restrictions. Although the region is set to grow in 2021, long-run political and economic-related grievances have been exacerbated by the pandemic....
News

Global oil demand ‘very healthy’, will reach close to 99 million b/d by year-end

OilNOW -
(S&P Global) Global oil demand is "very healthy" and will reach close to 99 million b/d by the end of this year from 97 million b/d in Q3, with some natural gas customers switching to liquids, Saudi Aramco CEO...
News

California in ‘worst case’ scenario oil spill

OilNOW -
(NBC) A 13-square-mile oil spill off the coast of Southern California forced officials to close beaches and warn of an ecological disaster Sunday as a previous plan produced by the operator of an offshore oil pipeline described such a...
News

Norway firm had estimated over $300 billion revenue take for Guyana at an oil price of $80

OilNOW -
Oil remained steady on Monday ahead of an OPEC+ meeting, with Brent hovering around $79.22 per barrel. A Norway-based energy research and business intelligence company had estimated just last year that Guyana would rake in over $300 billion in...
News

Guyanese will lose out on oil and gas opportunities unless swift action is taken on local content, warns key private sector player

OilNOW -
A key player in Guyana’s business community is sounding a dire warning that if swift action is not taken to implement local content legislation, Guyanese will continue to lose out on major procurement opportunities for the offshore oil developments. “I’ve...
News

OPEC+ plan to boost output not enough to meet demand, says Vitol’s Muller

OilNOW -
(S&P Global Platts) The plan by OPEC+ to boost crude oil production by 400,000 b/d each month until December won't be enough to cater to rising global oil demand and help build inventories, particularly in Asia, where more supply...
News

Saipem and WSense sign MoU for development of subsea communication networks

OilNOW -
Saipem and WSense, an Italian start-up in the field of innovation, have signed a cooperation agreement for developing complex communication networks for subsea drones. These so-called multi-purpose intelligent nodes will be designed and qualified by Saipem and WSense to be...
News

Over 90 local suppliers working with Edison Chouest in South America’s new oil and gas hot spot

OilNOW -
Marine transportation service provider Edison Chouest though its local affiliate G-Boats Inc., an ExxonMobil Guyana prime contractor, says it has been expanding its local content efforts to create more jobs and provide training and capacity building opportunities for Guyanese...
News

Today marks 122 years since the boundary between Guyana and Venezuela was fixed

OilNOW -
By Guyana’s Ministry of Foreign Affairs and International Cooperation October 3 is a special day to Guyana and to Venezuela. It is special to the rule of law internationally. It is special to peace and justice worldwide. 122 years ago, on...
News

Diaspora Unit developing robust network for investors looking to tap into Guyana opportunities

OilNOW -
The Diaspora Unit of the Ministry of Foreign Affairs and International Cooperation in Guyana says it is developing a robust network to facilitate investors looking to plug capital into the new oil producing country, as more opportunities continue to...
1...494495496...997Page 495 of 997

Latest News

NewsOilNOW -

Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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