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Economy center stage in April election in Canada’s Alberta province

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(Reuters) - The western Canadian province of Alberta will hold an election on April 16, kick-starting a contest that many polls suggest will result in a change of government in the country’s oil-producing heartland as it struggles with a...
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America imported no oil from Venezuela last week. Here’s why that’s a big deal

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(CNN Business) America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation. The United States imported exactly zero barrels of crude from Venezuela last week, according...
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2 dozen Guyanese to join more than 1,000 working on Liza Phase 1 project

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Twenty-four Guyanese will soon join the more than one thousand nationals already working on ExxonMobil’s Liza Phase 1 Development project in the South American country of Guyana. The 24 persons, inclusive of two females, will be assigned to the Liza...
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US company Harvey Gulf is aiming for 100% local content in Guyana

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Harvey Gulf International Marine, one of the top marine transportation companies globally, has identified Guyana as its latest investment destination. The US-based company specializes in providing Offshore Supply and Multi-Purpose Support Vessels for deepwater operations. A team from the company is...
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TechnipFMC awarded major subsea contract for Equinor Johan Sverdrup Phase 2

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TechnipFMC has been awarded a major subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 meters. The contract covers the delivery and installation...
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Eco Atlantic upgrades oil and gas resources in Guyana field

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(Reuters) - An oil and gas field off Guyana’s coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September, Eco said...
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Oil spill response: Guyana must be prepared for all eventualities – Dr. Bynoe

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Director of Guyana’s Department of Energy (DoE), Dr. Mark Bynoe, told a gathering on Monday on the outskirts of Georgetown, that even with the most robust safety systems in place, accidents occur, and as such, the South American country...
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Emergency response volunteer programme launched in Guyana

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Guyana’s Civil Defence Commission has partnered with ExxonMobil Guyana, the Caribbean Disaster Emergency Management Agency (CDEMA), University of Guyana (UG), and the Guyana Defence Force (GDF) to design and implement a comprehensive Voluntary Emergency Response Team (VERT) Programmme in the...
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Venezuelan continued oil fallout presents a challenge for global markets – IEA

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A major advisor to energy producing nations has suggested that the continued fallout from Venezuela could present a “challenge” for global oil markets, Merco Press said in a March 16 report. The International Energy Agency (IEA) has warned that crude supplies from...
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Guyana success pushes Hess to number 2 spot for 2018 drilling performance

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Drilling success in Guyana in 2018 earned Hess the number two spot in the industry for value created from wildcat drilling according to an annual exploration review by Rystad Energy. Only ExxonMobil, co-owner and operator of the Stabroek Block, offshore Guyana,...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by 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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