News

News

Schlumberger accepting applications from Guyanese women for ‘Faculty of the Future’ fellowships

OilNOW -
The Schlumberger Foundation is now accepting applications from Guyanese women for its ‘Faculty of the Future’ Fellowship Awards Program for the period 2021 to 2022. The Faculty for the Future program, launched in 2004, awards fellowships to women from developing...
News

Faltering oil demand puts new pressure on OPEC+ production agreements

OilNOW -
(Bloomberg) -- It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, the Organization of Petroleum Exporting Countries and its allies will...
News

Tanager-1 well voted most likely to hit a commercial discovery

OilNOW -
The Tanager-1 well in the Kaieteur Block offshore Guyana has been voted as the prospect that will most likely lead to a commercial discovery in the second half of 2020. This is the results of a poll conducted by...
News

Oil revenues can help Guyana compete in multiple lucrative markets – Guyana’s Foreign Secretary

OilNOW -
Guyana’s Foreign Secretary Robert Persaud said the new oil producing nation must use some of the revenue from its vast hydrocarbon resources to bolster other export-oriented sectors of the economy. The South American emerging oil giant has already benefited from...
News

Guyana’s 4th FPSO could be targeting production at the Yellowtail area

OilNOW -
The Yellowtail area offshore the South American country of Guyana contains oily fluids similar to those of the Liza discovery which US oil major ExxonMobil made back in 2015. With the recent additional reservoirs found in this location, it...
News

Guyana planning “paced ramp-up in spending” for oil revenues

OilNOW -
New oil producer Guyana is keen on ensuring the windfall from its vast offshore hydrocarbon resources is spent in a manner that does not ‘overheat the economy’. "We are also mindful of the volatility inherent in petroleum revenues, as well...
News

Opposed to flaring, open to offshore development – Guyana looking to maximise benefits from oil

OilNOW -
In what is quite possibly its sharpest criticism of one aspect of ExxonMobil's offshore activities, Guyana's Vice President Bharat Jagdeo said last week that his government is “opposed to flaring.” His comment came at a press conference hosted by...
News

ExxonMobil among big players set to participate in virtual O&G conference

OilNOW -
A high-powered lineup including oil and gas industry leaders, and officials from the Guyana and Barbados Governments will participate in the inaugural Caribbean Virtual Oil and Gas Summit (CARIVS) set for September 15-17, 2020. Guyana’s Minister of Natural Resources, Honourable...
News

Clarity, transparency needed for ‘cash transfers’ – expert warns

OilNOW -
Following an announcement by the Guyana Government that there would be targeted cash transfers from oil revenues for the country’s vulnerable, an expert in the natural resources industry is advising that the world’s newest oil producing nation establishes a...
News

Stabroek Block flaring 17 times lower than global average

OilNOW -
According to the World Bank Global Gas Flaring Tracker Report released in July this year, the global average for flaring stands at 8.49 billion cubic meters as of 2019. Russia, Iraq, the United States, Iran and Venezuela are the top five countries...
1...666667668...1,018Page 667 of 1,018

Latest News

NewsOilNOW -

Guyana to fast-track second gas power plant as energy demand rises

Guyana’s government plans to accelerate construction of a second gas-fired power plant, President Irfaan Ali said this week, as...

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