News

News

Oil drops 4% as virus concerns persist

OilNOW -
(Reuters) - Oil prices fell by 4% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel...
Exploration

Aggressive oil exploration needed in Colombia – GlobalData

OilNOW -
Colombia needs to pursue a much more aggressive oil exploration strategy in order to avoid highly contested fracking activities or an increase in gas prices as a result of importing, according to GlobalData. The leading data and analytics company...
News

Petrobras planning Brazil drill programme, hopes to replicate Guyana, Suriname successes

OilNOW -
Brazilian state-led oil company Petrobras plans to drill two wells in the sensitive Foz do Amazonas Basin in an attempt to replicate the massive offshore discoveries made in neighboring Guyana and Suriname, but still needs to win permits from...
News

Consultant submits bids for key projects under GYEITI

OilNOW -
In keeping with requirements that Guyana signed onto with the Extractive Industries Transparency Initiative (EITI), the country’s Natural Resources Ministry had issued Requests for Proposals (RFPs) for two projects. The first seeks a consultant to conduct a comprehensive Guyana (GYEITI)...
News

Regional business groups ink MOU to enhance economic cooperation

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) along with the Barbados Chamber of Commerce and Industry (BCCI) and the Suriname Trade and Industry Association (STIA) on Friday signed a Memorandum of Understanding (MoU) aimed at enhancing trade linkages...
News

DAI supports flood relief efforts in Guyana

OilNOW -
Local and international employees of development company DAI donated 70 hampers consisting of food and hygiene products to the Civil Defence Commission (CDC) in Guyana on Friday. The products, such as rice, sugar, hand soap, sanitary napkins and other...
News

This South American country has a huge appetite for FPSOs

OilNOW -
There is no letting up in South America's hottest new oil and gas basin where demand for FPSOs is growing as more hydrocarbons are found off the coast, adding to the multi-billion-barrel resources already discovered. Take a brief by the...
News

Platts sees low prospects for U.S. sanctions relief on Venezuela

OilNOW -
S&P Global Platts, a leading independent provider of information, benchmark prices, and analytics for the energy and commodities markets, said Thursday the prospects are low for the United States easing crippling sanctions on Venezuela, once one of South America’s...
News

Energy Chamber urges Guyanese to ‘quickly adjust and learn fast’ as opportunities grow

OilNOW -
The Guyana Oil and Gas Energy Chamber (GOGEC) is urging Guyanese to “quickly adjust and learn fast” about the oil and gas sector so that they can maximise benefits from the growing opportunities in the South American country. “Before 2015,...
News

German envoy gives Guyana thumbs up for balancing sustainability goals with oil development

OilNOW -
A German envoy has commended Guyana’s President, Dr. Mohamed Irfaan Ali for government’s efforts to balance the growth of the oil and gas sector with its low carbon development strategy. This is according to a statement from the Office...
1...537538539...1,017Page 538 of 1,017

Latest News

NewsOilNOW -

Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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