News

News

No legal basis for challenge to Guyana/ExxonMobil PSA – Natural Resources Minister

OilNOW -
Guyana has no legal case to challenge the Production Sharing Agreement (PSA) between its Government and ExxonMobil affiliate; Esso Exploration and Production Guyana Limited (EEPGL) and partners—CNOOC-Nexen and Hess. This was the view expressed by Guyanese Minister of Natural Resources,...
News

Maduro wins presidential vote election board says

OilNOW -
(Reuters) Venezuela's leftist leader Nicolas Maduro won a new six-year term on Sunday, but his main rivals disavowed the election alleging massive irregularities in a process critics decried as a farce propping up a dictatorship. Victory for the 55-year-old former...
News

Venezuela vote turnout was 32% by 6pm

OilNOW -
Participation in Venezuela’s controversial presidential election on Sunday was at 32.3 percent by 6 p.m. as most polling stations began closing, according to an election board source. Turnout at Venezuela’s last presidential election in 2015 was 80 percent, but the...
News

Venezuelans go the polls in an election widely seen as a foregone conclusion

OilNOW -
(BBC) After years of turmoil which at one point saw almost daily street protests, President Nicolas Maduro is looking to consolidate his power. The opposition, however, refuses to even take part. Who's going to win? Most analysts agree that President Maduro is...
News

“Re-membering the Brink: Oil and a Whole Lotta Gas” opens May 26 in Guyana

OilNOW -
The Theatre Guild of Guyana is in its 70th year and will be reopening its doors on the occasion of the South American country’s Independence Day - May 26, with the grand premiere of its brand new production; Re-membering...
News

Over 500 Guyanese gain employment through ExxonMobil operations

OilNOW -
Guyanese represent fifty-two percent of ExxonMobil’s local workforce while 227 Guyanese companies supplied its oil and gas operations in 2018. ExxonMobil's Senior Director, Public and Government Affairs, Kimberly Brasington, provided data to Guyana's Department of Public Information (DPI) which indicated...
News

Trinidad ‘no longer attractive’ for new petrochemical projects – CNC CEO

OilNOW -
Trinidad and Tobago is no longer an attractive place for petrochemical companies to launch new processing plants, Loop reports. Speaking at a media briefing in Point Lisas on Thursday, CEO of the Caribbean Nitrogen Company Limited (CNC), Jerome Dookie, said...
News

Oil prices hold near 3 1/2-year high; Brent nears $80 as market braces for Iran sanctions

OilNOW -
(Market Watch) Oil prices rose Friday, with Brent crude trading close to the $80-a-barrel threshold, in anticipation of renewed U.S. economic sanctions on Iran. July Brent crude LCON8, +0.64% rose 30 cents, or 0.4%, at $79.60 a barrel on ICE...
News

Oil revenue to fund extensive road networks/bridges, regional airports and more – Patterson

OilNOW -
Guyana’s Minister of Public Infrastructure, David Patterson, says his ‘shopping list’ has already been prepared and approved for the undertaking of a number of major transformational infrastructure projects when revenue from oil production begins to flow in 2020. During an...
News

Pakistan, Abu Dhabi appoint TechnipFMC to manage 250,000-bpd refinery project

OilNOW -
Pak-Arab Refinery Ltd (PARCO), a joint venture between the governments of Pakistan and Abu Dhabi, said on Thursday it has appointed TechnipFMC to manage a 250,000-barrels-per-day refinery project. According to a Reuters report, TechnipFMC will manage the pre-engineering, procurement and...
1...836837838...947Page 837 of 947

Latest News

NewsKemol King -

U.S. EXIM Bank President says US$526M loan to Guyana is ‘first of many deals to come’

A US$526 million loan to Guyana for its Gas-to-Energy project is the first of many deals to come, an...

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