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Eco Atlantic not aware of any Guyana oil probe that would affect its work

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(Reuters) - Canadian-listed Eco Atlantic said on Wednesday it was not aware of any corruption probe in Guyana that would affect an offshore concession it has with partners Total and Tullow Oil . Guyana's anti-corruption agency launched an investigation into...
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Our partnership is with Guyana; not an individual or political party – Exxon Upstream President

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US oil major ExxonMobil, operator in the Stabroek Block offshore Guyana, says it remains committed to forging a strong partnership with the Guyanese people and not with any one individual or political party. Liam Mallon, the company’s President for Upstream...
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2019 EITI Standard launched with new requirements for contract transparency

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At the opening of the 8th Extractive Industries Transparency Initiative (EITI) Global Conference in Paris, outgoing Chair Fredrik Reinfeldt formally launched the 2019 EITI Standard. He said this is one of the most significant achievements of the outgoing EITI...
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Guyana ready to work with Kosovo on exploitation of mineral reserves

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President of Guyana, David Granger has welcomed cooperation with Kosovo for the sustainable management of the South American nation’s natural resources. He expressed such interests during the swearing in ceremony for the first Ambassador from the Republic of Kosovo to...
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Chevron has been in Venezuela for nearly 100 years; it could finally be forced to leave

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(CNN Business) Chevron's nearly century-long relationship with Venezuela might not survive the Maduro regime's fight with the United States. Not only is Venezuela's infrastructure crumbling, but the OPEC member's national oil company has been sanctioned by the Trump administration. Chevron...
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Guyana oil development unaffected by political tug-of-war

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As political uncertainty in Guyana intensifies following a court ruling on Tuesday that paves the way for early elections, oil development offshore remains firmly on course and all systems are in place for production start-up within months. The David Granger-led...
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Anadarko taps TechnipFMC for major subsea contract

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TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a number of subsea contracts by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, for its Mozambique Golfinho/Atum development. TechnipFMC was awarded a major Contract for the...
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Court ruling puts early elections back on front burner in oil-rich Guyana

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With Guyana being just months away from first oil, the country is also now facing an early election in just as little time.  On Tuesday the Caribbean Court of Justice (CCJ) ruled on a trio of cases related to...
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Favourable prospects provide opportunity for Guyana to scale-up infrastructure, other spending – IMF

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With oil production on the horizon, the International Monetary Fund (IMF) says the medium-term prospects for the South American country of Guyana are ‘very favourable’ and provides an opportunity for government to scale-up capital and current spending to address...
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Task force launched ahead of first oil to push urban development master plan

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An inter-agency task force for crafting an urban development master plan intended to redefine the developmental agenda of the Guyana government, in keeping with the country’s oil and gas sector, was launched on Monday at the Regency Hotel, Hadfield...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to 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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