News

News

Most lost oilfield jobs won’t return until late 2021 – Deloitte

OilNOW -
(Bloomberg) --Almost three-quarters of the pandemic-driven jobs losses in the U.S. petroleum and chemical sectors may not come back before the end of next year, according to Deloitte LLP. The collapse in oil demand and prices spurred the fastest rate...
News

Farmers, service providers can benefit big from development of offshore oil resources – Vickram Bharrat

OilNOW -
The Guyana government is looking to ensure that benefits from development of the country's multi-billion-barrel oil resources are passed on to persons operating in every sector of the economy and not just those directly servicing the industry. “It’s not only...
News

Broadside, Chinook are wells to watch – T&T Energy Chamber

OilNOW -
The Energy Chamber of Trinidad and Tobago says two ongoing projects in the Caribbean oil producing nation are wells to watch in 2020 – BHP’s Broadside and Touchstone Exploration’s Chinook – both offshore Trinidad. In a recent article, the Chamber...
News

New energy champion in Caribbean waiting to be crowned – Arthur Deakin

OilNOW -
Americas Market Intelligence (AMI) Analyst, Arthur Deakin, believes that South American neighbours Guyana and Suriname can avoid some of Trinidad and Tobago's mishaps by strengthening their institutions, improving their regulatory frameworks, and developing traditional sectors such as mining and...
News

Alison Redford advocated for full transparency in oil and gas on previous visits to Guyana

OilNOW -
Former Premier of Alberta, Canada, Alison Redford, who led a team of experts to review the work that was done by the Department of Energy for the Payara Development project offshore Guyana, strongly advocated for full transparency in the...
News

Guyana’s 8 billion plus barrels of oil only tip of the iceberg – Ramnarine

OilNOW -
The more than 8 billion barrels of oil equivalent resources discovered offshore Guyana since 2015 by US oil major ExxonMobil is merely the tip of the iceberg, with much more to come. Multiple drill targets remain on the 6.6...
News

Oil loses 4% after Trump gets coronavirus and economies wobble

OilNOW -
(Reuters) - Oil prices fell more than 4% on Friday and posted a second weekly decline after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatened to overwhelm the market’s...
News

Payara investment is twice Guyana’s GDP, country must profit from closing window of O&G opportunities – VP Jagdeo

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo, said on Friday the country is not in a position to raise the US$9 billion on its own that is required for the Payara development hence the need for investors, and further, moving...
Exploration

CGX long overdue for works on offshore blocks, has not drilled in years – Jagdeo

OilNOW -
As Guyana forges ahead with the development of its offshore petroleum resources which exceed eight billion barrels of oil equivalent at the prolific Stabroek block, there are, and understandably so, a number of companies knocking on the government's door...
News

“We were not negotiating a production agreement” – Jagdeo on Payara licence

OilNOW -
Guyana’s Vice President, Bharrat Jagdeo, on Friday sought to provide clarity over the difference between the Stabroek Production Sharing Agreement (PSA) and the Payara Production Licence in response to comments made by the country’s Opposition Leader, Joseph Harmon, in...
1...621622623...982Page 622 of 982

Latest News

NewsOilNOW -

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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