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Norway allows Eni to restart Goliat Oil Field in Barents Sea

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(Oilprice) Norway’s Petroleum Safety Authority said on Friday that it had determined that the order that had required a shutdown of the Goliat oil field in the Barents Sea has been complied with and the field’s operator Eni can...
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Transparency group accuses Guyana government of engaging in deception

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Transparency Institute Guyana Incorporated (TIGI) has accused the Guyana Government of deliberately engaging in deception in its handling of an advance payment from US oil major, ExxonMobil. The anti-corruption advocate’s repudiation came swiftly in wake of confirmation that the coalition...
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Opposition Leader calls for resignations amid revelations “advance payment” received from ExxonMobil

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Opposition Leader Bharrat Jagdeo is calling on Guyana’s Ministers of Finance and Natural Resources to immediately resign from government over the revelation that a ‘signing bonus’ was in fact paid by ExxonMobil. The former President now Opposition Leader and General...
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‘We did what we did to safeguard Guyana’ – Trotman

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Minister of Natural Resources Raphael Trotman today confirmed that government has in fact received ‘advanced payments’ from US Oil Giant Exxon Mobil and its exploration partners -monies he said, have since been set aside to protect Guyana’s territorial integrity. The...
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Guyana shortlists sites for ‘natural gas’ power plant

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The Guyana Government has identified two sites in Regions Four and Six for the construction of a new power generation facility, utilizing natural gas to be had from offshore oil production activities. The revelation was made by Minister of Public...
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Confront racial tensions ahead of oil wealth urges Guyanese Professor

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It is incumbent on the Guyanese people to use its fear of foreign conglomerates such as the oil companies currently exploring offshore to become adaptive in order to seek out the relevant information to garner a better understanding of...
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Chevron projects $18.3B spending budget, down 4 percent

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Chevron Corp (CVX.N), the second largest U.S.-based oil producer, is budgeting $18.3 billion for capital projects next year, the company said on Wednesday, about 4 percent less than this year and lower for a fourth year in a row. International...
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MSGB Basin shows new West African promise

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(Hart Energy) At night from space it’s easy to see why Africa is called the “Dark Continent,” but bright oil and gas lights are starting to flicker in West Africa, reflecting huge hydrocarbon potential that could still play an...
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UK will react firmly if Venezuela violates Guyana territory – British High Commissioner

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Reminiscent of a 2013 maritime incident in which a US-operated vessel was seized by the Venezuelan navy while in Guyana waters searching for oil, British High Commissioner to Guyana, Greg Quinn, says similar aggression by the Bolivarian Republic in...
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Tullow could hit debt repayment target early if crude prices hold up

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Tullow Oil plc’s (LON:TLW) debt repayment is accelerating thanks to better oil prices and, according to Angus McCoss, the group’s deleveraging target could even be met over the next twelve months. The oiler’s gearing peaked at around 5x earnings at...
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Guyanese businesses can benefit by joining Exxon’s virtual Feedback Session slated for Dec. 13

By Clement Smith - OilNOW Guyanese businesses interested in tapping into the oil and gas sector or already operating in...

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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