News

News

Single Fund deemed to be sufficient for petroleum revenue management

OilNOW -
A single fund will be the most “effective, efficient and transparent mechanism” for achieving the multiple objectives of the Guyana Government for the successful management of oil and gas revenues.  This is the determination of the Ministry of Finance as...
News

Venezuelan Petroleum Professor addressing Green Economy Workshop in Guyana

OilNOW -
A Venezuelan Professor of Petroleum is currently in Guyana giving advice on developing the oil and gas sector in hopes that the country does not repeat Venezuela’s mistakes.  Professor Carlos Mendoza Pottella, who is the Visiting Advisor to the Central...
News

Russia’s Rosneft completes acquisition of ExxonMobil stakes in some joint projects

OilNOW -
Russian oil company, Rosneft said Tuesday that it has completed acquisition of ExxonMobil's stakes in some joint projects set up to develop offshore Arctic, deepwater Black Sea, and West Siberian tight oil reserves, following the US major's decision to...
News

Youth Parliamentarians to discuss and debate O&G

OilNOW -
The topic of oil and gas will be subject to debate and discussions in Guyana during the 2018 Youth Parliament which opens on Wednesday, August 15, 2018, at Parliament Building, Georgetown.  During a Press Conference about the event on Tuesday,...
News

Trotman sees direct cash payout to Guyanese as ‘possible if structured’

OilNOW -
Economist, Dr Clive Thomas’ suggestion of using a portion of the oil monies for direct cash payouts to citizens has been welcomed by Minister of Natural Resources, Raphael Trotman. Mr. Trotman, who is also the leader of the Alliance for...
News

Sovereign Investment Committee to aid in O&G revenue management

OilNOW -
The Government of Guyana is looking to establish a Sovereign Investment Committee which will be responsible for advising the Minister of Finance on investing Oil and Gas (O&G) revenues.  This was outlined in the Green Paper for the Natural Resources...
News

Natural Resources Fund Green Paper for National Assembly today

OilNOW -
Guyana’s Natural Resources Fund Green Paper will be laid in the National Assembly for consideration and made public today, August 8, 2018, just after 14:00 hours. Minister of Natural Resources, Raphael Trotman made this disclosure during the inaugural meeting of...
News

Dr. Bynoe has ‘excellent credentials…doesn’t have to be world-class expert on everything’ – Harmon

OilNOW -
Dr Mark Bynoe’s appointment as Head of the Department of Energy was an excellent choice since he comes with a wealth of knowledge says Guyana’s Minister of State, Joseph Harmon, in response to criticisms that Dr Bynoe may not...
News

Minister: Exxon ‘very hopeful’ of success in discovering ‘big cache’ of oil

OilNOW -
(Rigzone) ExxonMobil is “very hopeful” of success in discovering a “big cache” of oil off the Indus Delta, the Pakistan minister for maritime affairs and foreign affairs, Abdullah Hussain Haroon, has said in a press statement. “ExxonMobil has purchased a...
News

Department of Energy Head to decide if Mangal’s services needed – State Minister

OilNOW -
The decision to engage Former Petroleum Advisor to President David Granger, Dr Jan Mangal will now rest on the shoulders of the newly appointed Head of the Department of Energy, Dr Mark Bynoe. This is according to Minister of State, Joseph...
1...842843844...976Page 843 of 976

Latest News

NewsOilNOW -

World’s largest EV brand now in Guyana, adding momentum to vehicle transition

The world’s largest electric vehicle (EV) manufacturer, BYD, has officially entered the Guyanese market through GT Automotive, a move...

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