News

News

Preparations for operationalization of Guyana’s Department of Energy to commence

OilNOW -
Guyana’s Department of Energy, which will have oversight of the country’s emerging Oil and Gas (O&G) industry was on Wednesday, August 1, 2018, officially established, with the unit being formally listed in the South- American nation’s Official Gazette. With the...
News

ExxonMobil to implement wide-ranging measures in the event of oil spill in Guyana

OilNOW -
ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has outlined a number of measures the company will take in the event of an oil spill from its Liza Phase 1 development. The company’s Oil Spill Response Plan (OSRP) was...
News

Positive IMF global growth forecasts propel oil prices upwards

OilNOW -
Oil prices rose last week, after several significant political and economic developments around the world, including Saudi Arabia's suspension of oil shipments through a strait in the Red Sea following an attack on two oil tankers as well as eased trade...
News

Shell Brazil invests in solution for inspecting FPSO tanks

OilNOW -
(World Oil) Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed a partnership agreement to develop a robot-based technology for in-service inspection...
News

UK Firm to prepare Guyana’s first EITI Report

OilNOW -
A United Kingdom (UK) Accountancy and Advisory firm has been selected to prepare Guyana’s first Extractive Industries Transparency Initiative (EITI) Report. This was revealed by National Coordinator of Guyana Extractive Industries Transparency Initiative (GYEITI), Dr. Rudy Jadoopat on Tuesday, July...
News

Guyana State Minister, private sector members discuss O&G

OilNOW -
Guyana’s Minister of State, Joseph Harmon, on Monday, met with the executive members of the Private Sector Commission (PSC) at his office at the Ministry of the Presidency. Among the areas discussed were increased collaboration between the Government and the...
News

Guyana businesses want local content legislation – GCCI President

OilNOW -
President of the Georgetown Chamber of Commerce and Industry, Deodat Indar, says that the business community in the South American country would like to see, at the very least, some degree of legislation enacted for local content rather than...
News

Higher oil price boosts BP’s recovery, second-quarter profit up four-fold

OilNOW -
(Reuters) - Higher oil prices and increased output helped BP quadruple its second-quarter profit from a year earlier as the oil major finally shakes off the after-effects of 2010’s Deepwater Horizon spill and the last oil market slump. Second-quarter results...
News

ExxonMobil sees agro support as key to helping small businesses grow

OilNOW -
Dozens of Guyanese agro-processors once again had an opportunity to showcase and market their products at the second UncappeD Marketplace event held on Saturday, July 28 at the National Track and Field Centre, Leonora, West Coast Demerara. More than 50...
News

High production and prices will help ExxonMobil recover CAPEX quickly; Guyana revenue to spike

OilNOW -
High oil production and price in the early years of the Liza Phase 1 development will help ExxonMobil recover its Capital Expenditure rapidly, after which Guyana can expect a spike in revenue from its share of oil. So says Trinidad...
1...836837838...967Page 837 of 967

Latest News

Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund...

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