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Profitability for Guyana, Exxon is affected when production is lowered, company making ‘genuine efforts’ to address flaring – Bharrat

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat says he is convinced that ExxonMobil is desirous of being a good environmental steward and that the company is making “genuine efforts” to address challenges it has been facing with the gas compressor...
News

Payara project allowed Guyanese company to rehire 30% of staff that were laid off

OilNOW -
Caribbean Clothing Limited is a full-service garment manufacturer in Georgetown, Guyana. When the COVID-19 pandemic hit the South American country, and the world grappled with the economic and social effects, the company was forced to cut its workforce and...
Exploration

Winners of Suriname bid round to submit exploration work programme – Jagesar

OilNOW -
The companies that were successful in the recently concluded Suriname bid round are now to submit their exploration work programme the head of state oil company, Staatsolie Maatschappij Suriname N.V. told OilNOW. Chevron Exploration Suriname Limited and a consortium consisting of...
News

Over 26,000 tons of topsides lifted for Guyana’s 2nd FPSO

OilNOW -
The topsides lifting campaign for the Liza Unity FPSO was completed in March 2021 with over 26,000 tons of topsides lifted in position since the vessel came out of dry-dock in October of last year. Both Keppel and Dyna-Mac...
News

Oil price environment looks ‘constructive’, says Baker Hughes top executive

OilNOW -
(S&P Global Platts) Continued signs of global economic recovery from the coronavirus pandemic should prompt further demand growth for oil and natural gas, not only for second-half 2021 but for 2022, big oil services provider Baker Hughes' top executive...
News

Halliburton’s Q2 revenue up 7%, increased tools sales seen in Guyana

OilNOW -
Halliburton Company announced on Tuesday that its second quarter (Q2) revenue increased 7% sequentially as both North America and international markets continued to improve, and operating income grew 17% with solid margin performance in both divisions. The company recorded net income of $227 million...
News

BHP considering exiting oil and gas business in multibillion-dollar deal

OilNOW -
(Reuters) - Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter. The...
News

Paris Agreement cannot be achieved without robust price on carbon – IMF Managing Director

OilNOW -
If the Paris Agreement’s goal of bringing global temperature to 1.5 to 2 degrees Celsius, then key steps have to be taken such as a robust price on carbon says Managing Director of the International Monetary Fund (IMF), Kristalina...
News

“We are an equal opportunity employer with a very diverse workforce” – GYSBI

OilNOW -
The Guyana Shore base Inc. (GYSBI) the largest such facility providing support services to the offshore oil and gas operations in the country, said on Tuesday it is an equal opportunity employer with a diverse workforce and that no...
News

Guyana’s massive Gas-to-Energy project will deliver more than just cheaper energy – Economist

OilNOW -
In addition to providing more affordable energy, the US$900 million Gas-to-Energy project being pursued by the Guyana government in partnership with ExxonMobil will also provide an avenue for the advancement of industrialization in the new oil producing country. This is...
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Latest News

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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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.

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