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American Chamber of Commerce Guyana branch launched as country gets ready for first oil

OilNOW -
A branch of the American Chamber of Commerce (AmCham) was launched on Monday evening in the South American country of Guyana, at the Guyana Marriott Hotel in the country’s capital city, Georgetown. With the country racing towards becoming an oil...
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Invest oil revenue in key services and “everyone will make plenty of money” – US Ambassador

OilNOW -
US Ambassador to Guyana, Perry Holloway, says while there have been some countries around the world that have tried direct cash disbursements to citizens from oil revenues, “it is not something that normally happens.” However, he says the most important conversation...
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Nigeria leans on 200,000 b/d offshore Egina project to spur oil output

OilNOW -
Nigeria is banking on the 200,000 b/d offshore Egina project to boost its production by over 10%, as the Total-operated field is expected to come online later this year, S&P Global Platts said in a report on Monday. Nigerian oil...
Exploration

United Oil & Gas says 3D data acquired off Jamaica coast “encouraging”

OilNOW -
UK-based United Oil & Gas Plc said on Monday, August 13, that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. Encouragingly,...
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Incompetence, greed and fear main reasons petro-countries do badly – Anthony Paul

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High levels of incompetence, greed, and the fear of making tough decisions are the primary reasons countries rich in petroleum resources do badly. So says Managing Director, Principal Consultant of Association of Caribbean Energy Specialists Ltd. (ACES), Anthony Paul. Paul,...
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New oil discoveries in Guyana make discussion of local refinery more relevant

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As US oil major ExxonMobil continues to discover more oil off the Guyana coast, discussions about the establishment of a refinery in the South American country will become more relevant. A study conducted in 2017 found that pursuing such...
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Poor local content provisions can lead to corruption, conflict

OilNOW -
A study on local content provisions in developing countries has made a nexus between poorly drafted or implemented local content policies, laws and regulations and the emergence of corruption and conflict resulting in little benefit to the country from...
News

ExxonMobil looking to continue developmental programmes in Guyana

OilNOW -
ExxonMobil, through its philanthropic arm - the ExxonMobil Foundation, will be looking to continue its efforts to create and implement developmental programmes to benefit Guyana.  This will be done through the many partnerships that the company has been forming in...
News

Renewable energy among key factors to fuel C/bean climate-smart zone

OilNOW -
A ground-breaking partnership to support the Caribbean’s ambition to become the world’s first ‘climate-smart zone’ was launched on Thursday, August 9, 2018. Eight-time Olympic Gold Medal Winner Usain Bolt was in attendance to help fire the starting pistol for...
News

Venezuela facing compounding oil woes

OilNOW -
Though it holds the largest reserves of oil in the world, production levels put it only in the middle of the pack among OPEC member states. Venezuelan plans to stabilize crude oil production do little to address bottlenecks and the...
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Maduro takes oath for third term amid Opposition-led protests 

With his wife standing faithfully at his side, Nicolás Maduro took the oath of office for his third term...

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