News

News

EPA’s 36-person Petroleum Unit won’t be ready in time for first oil – Dr. Adams

OilNOW -
The World Bank is assisting the Environmental Protection Agency (EPA) in Guyana with the establishment of a Petroleum Unit to address oil and gas matters as first oil approaches in the South American country. However, EPA's Executive Director, Dr. Vincent...
News

U.S mission is to help Guyana remain on democratic path where oil revenues benefit all – Ambassador

OilNOW -
The United States in on a mission to help the South American country of Guyana remain on a democratic path where its newfound oil wealth will benefit all of its people. This commitment was reiterated on September 18 by U.S...
News

Exxon seeks to sell Australian Bass Strait oil, gas assets

OilNOW -
US oil major ExxonMobil is putting up for sale its 50% stake in the Gippsland Basin oil and gas development in Australia’s Bass Strait as part of a broader review of its portfolio of assets around the world. The Gippsland...
News

IMF urges implementation of EITI report recommendations to strengthen governance

OilNOW -
The International Monetary Fund is urging the Government of Guyana to implement the recommendations of the first Extractive Industries Transparency Initiative (EITI) report for Guyana, submitted by the Independent Administrator BDO LLC in April 2019. This is according to an...
News

Oil will account for 40 percent of Guyana’s GDP by 2024 – IMF

OilNOW -
The International Monetary Fund (IMF) has called Guyana’s medium-term prospects “very favourable” as the South American country prepares for oil production in early 2020. The Fund has projected that oil will account for around 40 percent of the country’s...
News

Rystad Energy says Joe discovery smaller than expected

OilNOW -
Norway-based Rystad Energy says the Joe discovery on the Orinduik block offshore Guyana, announced on Monday, is tens of millions of barrels less than anticipated. The Joe-1 exploration well was drilled to a final depth of 2175 meters and encountered...
Exploration

Joe discovery proves shallow low-cost plays exist in Guyana

OilNOW -
The discovery of 52 feet (16 meters) of continuous high quality oil-bearing thick sandstone at the Joe-1 exploration well offshore Guyana is being viewed as a significant development by the explorers on the block, particularly since it opens a...
News

Sembcorp Marine’s Brazilian shipyard delivers its first FPSO

OilNOW -
Sembcorp Marine’s subsidiary Estaleiro Jurong Aracruz (EJA) has crossed a significant operational milestone with the completion of its first floating production, storage and offloading (FPSO) project. P-68, a newbuild FPSO vessel, left the shipyard on Monday and will be deployed...
News

Int’l experts place keen focus on oil spill safeguards for Guyana

OilNOW -
A number of international experts in oil and gas exploration and production are lending their voices in the conversation of safeguarding Guyana from oil spills and other negative environmental impacts, as the South American nation moves closer to its...
News

Double oil strikes reaffirm Guyana’s substantial oil resources – Dr. Bynoe

OilNOW -
Speaking to the media hours after the announcements of two oil discoveries off the Guyana coast, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe said these latest successes, which brings the total discoveries to date to...
1...757758759...982Page 758 of 982

Latest News

NewsOilNOW -

‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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