News

News

Rowley disappointed in Guyanese private sector’s concerns over MOU

OilNOW -
Prime Minister of Trinidad and Tobago Dr Keith Rowley has expressed disappointment with sections of the Guyanese business community for expressing concerns of a potential Trinidadian takeover of the oil and gas industry in the South American country. The PM...
News

‘Enormous’ Stabroek Block fueling explorers’ growth plans – Wood Mack

OilNOW -
The unprecedented number of oil discoveries being made off the coast of Guyana by US oil major ExxonMobil in partnership with Hess and CNOOC are revealing mega reserves that will become a major focal point for the Stabroek Block...
News

Rowley and entourage arrive in Guyana today for MoU signing

OilNOW -
Following a groundswell of public pronouncements and speculation over an announced visit to Guyana by Trinidad and Tobago (TT) Prime Minister Dr. Keith Rowley for the signing of a Memorandum of Understanding on energy cooperation, the TT entourage will...
News

Sovereign Wealth Fund not a development plan – Jordan

OilNOW -
Guyana’s Minister of Finance, Winston Jordan, is making it clear that the role of the Sovereign Wealth Fund is not to outline what oil revenues will be spent on, but rather, to serve as a mechanism to ensure monies...
News

Repsol to place increased emphasis on natural gas – Chairman

OilNOW -
Chairman of Repsol Antonio Brufau said the Spanish major is placing increased emphasis on natural gas as a “big pillar” in its overall strategy, since the commodity will best allow the company to meet the four key energy objectives...
News

CNOOC Limited expecting 58,700 bpd by 2020 from Penglai production

OilNOW -
CNOOC Limited one of the three partners in Guyana’s offshore Stabroek Block, announced on September 18, 2018 that the Penglai 19-3 oilfield project has commenced production. The project, known formally as the Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is...
News

Oil rises as Saudis are said to be content with prices over $80

OilNOW -
(Bloomberg) Oil rose as Saudi Arabia was said to be comfortable with Brent crude exceeding $80 a barrel. Futures in London added as much as 1.7 percent. The world’s biggest crude exporter is content to see the global benchmark advance,...
News

Guyana, Trinidad to sign energy MoU this week

OilNOW -
Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley is set to visit Guyana this week to sign the much talked about Memorandum of Understanding on Energy. According to a statement from Guyana's Foreign Ministry on Saturday, Dr. Keith Rowley is scheduled...
News

Kosmos Energy completes acquisition of Deep Gulf Energy

OilNOW -
Komos Emeergy said on Monay that it has completed the previously announced acquisition of Deep Gulf Energy, a leading deepwater company operating in the Gulf of Mexico. By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio an established...
News

Call for halt to oil production is ‘self-promoting stunt in pursuit of ulterior motive’ – former minister

OilNOW -
Debate on a myriad of issues continues in Guyana as the country gears up to become a major oil producer in the region. A former government official is describing as ‘disturbing’, a recent call for the Guyana government to...
1...852853854...997Page 853 of 997

Latest News

NewsOilNOW -

Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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