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Brazilian regulator IBAMA denies Total license for offshore drilling

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Brazilian federal environmental regulator IBAMA has denied French oil company Total a license to drill in the environmentally sensitive Foz do Amazonas Basin, accusing the company of failing to submit documents and complete impact studies despite several requests. The discovery...
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U.S. expected to end 2018 as world’s top oil producer: EIA

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(Reuters) - U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end...
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Guyana ratifies conventions to protect against oil spills – Greenidge

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Guyana’s ratification of several international conventions has been approved by Cabinet. These are aimed at, among other things, strengthening the country’s legal framework for the emerging Oil and Gas industry. This was announced by the country’s Foreign Affairs Minister Carl...
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Stabroek Block explorers have a lot riding on Guyana

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The expectations from the giant oil discoveries in Guyana continue to take centre-stage in the growth plans and projections of venture partners ExxonMobil, Hess and CNOOC. With a record 10 discoveries to date amounting to more than 5 billion barrels...
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Hess to plug hundreds of millions into Guyana operations in 2019

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Hess Corporation (NYSE:HES) said on Monday it intends to plug several hundred million dollars into exploration and development operations offshore Guyana in 2019 as part of what the company describes as its ‘peak spend year’ for the Liza Phase 1...
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ADNOC is championing Blockchain and other emerging technologies

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(Oil & Gas Technology) The Abu Dhabi National Oil Company (ADNOC) has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to integrate oil and gas production across the full value chain. The groundbreaking system provides a secure...
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ExxonMobil says efforts to develop local capabilities will continue

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ExxonMobil Guyana says it will continue to play a major role in the development of local content in the South American country as first oil approaches. The company reiterated this at a time when multiple potential developments are expected...
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Guyana could become first-world destination in under 12 yrs – Hughes

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Director of the Guyana Oil and Gas Association (GOGA), Nigel Hughes, believes that the approach to local content in the South American country must be refocused with emphasis on local industry becoming more competitive and efficient. He was at the...
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Qatar Petroleum to buy stake in ExxonMobil Mozambique blocks

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(Reuters) - Qatar Petroleum said on Saturday it had agreed to buy a 10 percent participating interest in three of ExxonMobil’s offshore exploration blocks in Mozambique’s Angoche and Zambezi basins. It will be part of a consortium made up of...
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Guyana 15th in the world in terms of deposits – Ambassador Holloway

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Outgoing US Ambassador to Guyana Perry Holloway said that while things are happening in the Guyanese economy due to the emerging oil and gas sector, people still do not realise how big the Guyana offshore oil discoveries are -...
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GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13...

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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