News

News

Oil to shore can be a “magnet for corruption” – Bloomberg column warns

OilNOW -
An opinion piece by Bloomberg columnist, Mac Margolis, published on Tuesday, November 5, outlines a number of observations and recommendations for South America’s newest oil and gas hotspot - Guyana, on how the country can best navigate the road...
News

CGX Energy pursuing deep water port facility in Guyana

OilNOW -
CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) has made a request for proposals for the provision of infrastructure services as part of the construction of a deep-water port facility at Crab Island...
News

Guyana, Ghana companies partnering to supply workers for offshore rigs

OilNOW -
Ghana headquartered Unicon Western Engineering Services –a subsidiary of Unicon Western Holdings –has teamed up with a Guyanese company, Amazonia Expert Services Limited, to launch UNICON Guyana Inc. (UGI). UGI will be responsible for recruiting and training labourers for work...
News

Guyana oil development bringing new discoveries of wildlife

OilNOW -
Exploration activities offshore South America’s lone English-speaking country – Guyana - have so far unearthed billions of barrels of crude. The environmental studies being conducted for the development of these oil fields are also discovering something else - new...
News

Hess sees ‘excellent potential’ at Suriname’s Block 42

OilNOW -
Hess corporation sees great potential in the offshore Suriname basin where preparations are underway to ramp up the search for hydrocarbons in the Dutch-speaking South American country. Speaking on the company’s Q3 earnings call on October 30, CEO John Hess...
News

Kosmos Energy makes discovery in Equatorial Guinea

OilNOW -
Kosmos Energy has made an oil discovery offshore Equatorial Guinea the country’s Ministry of Mines and Hydrocarbons announced on Sunday. The S-5 well was drilled at a total depth of 4,400 meters and encountered 39 meters of net oil play...
News

Saudi Aramco IPO: World’s most profitable company to go public

OilNOW -
(BBC) Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO). The state-owned oil giant will determine the IPO launch price after registering interest from...
News

TT helicopter operator expanding operations to Guyana with S-76 aircraft

OilNOW -
National Helicopter Services Ltd. (NHSL), a leading Sikorsky S-76® helicopter operator, is expanding operations with its first two S-76D™ aircraft in Guyana, a continuation of the significant growth of Sikorsky and Lockheed Martin in Latin America. NHSL has operated Sikorsky...
News

Bloomberg: Meet the economy that the IMF sees growing 86% in 2020

OilNOW -
(Bloomberg) South America may be battered by weak growth, unrest and austerity but one of its smallest countries is about to experience the fastest economic growth on the planet. Guyana, a country of 780,000 that neighbors Brazil and Venezuela in...
News

Oil companies in Guyana benefiting from positive value-creation cycle

OilNOW -
Exploration and Production (E&P) companies operating offshore Guyana are benefiting from a positive value creation cycle that started in 2015 while an estimated 800 offshore investments made during an upturn in 2010 to 2014 will struggle to generate any...
1...744745746...982Page 745 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