News

News

Businessman behind ‘go-invest elsewhere’ ad apologises

OilNOW -
Guyanese Businessman, Chief Executive Officer of Bel Air Georgetown-based Eco Potanzia Industry, Siri Persaud, has owned up to being behind a print advertisement in the Guyanese press calling on investors to invest elsewhere. Persaud has since apologised by way of...
News

Guyana welcomes strategic partners who put country first

OilNOW -
Authorities in Guyana have embraced the position that the South American country alone cannot efficiently and competitively develop its emerging Oil and Gas (O&G) industry and as such, should continue to seek out strategic partners. The country’s Minister of Public...
News

Brazil to decide in first half on Total’s Amazon River basin drilling

OilNOW -
(Reuters) - Brazil environmental agency Ibama will decide on French oil firm Total’s application to drill in the environmentally sensitive Amazon river basin before the end of May, and possibly as soon as the end of March, an agency...
News

Aker Energy buys Hess Ghana business, expects first oil in 2021

OilNOW -
Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Hess holds a 30 percent interest in the Stabroek Block offshore Guyana. Reuters reports...
News

BP sees electric future with oil demand peaking in 2030s

OilNOW -
(Bloomberg) The British company bumped up its forecast for electric vehicles by 80 percent to 180 million by 2035, according to an energy outlook released Tuesday. It expects a third of the miles driven in 2040 will be powered...
News

Noble Energy profit beats estimates on cost cuts, rising oil prices

OilNOW -
(Reuters) - U.S. oil and gas producer Noble Energy Inc (NBL.N) reported adjusted quarterly profit on Tuesday that easily beat analyst estimates due to cost cuts and higher crude prices, sending shares surging more than 7 percent in morning...
News

Encouraging indicators for oil & gas in Jamaica says PCJ

OilNOW -
(Jamaica Observer) The Petroleum Corporation of Jamaica (PCJ) says a geological study recently conducted by CGG Robertson of the United Kingdom has revealed further “encouraging” signs for possible petroleum potential on and off-shore Jamaica. “The investigations, which were carried out...
News

ExxonMobil takes Bristow helicopters for Guyana ops

OilNOW -
(Offshore Energy) Offshore helicopter services provider Bristow has secured a multi-year contract to provide helicopter offshore crew change and search and rescue (SAR) services to support ExxonMobil in Guyana. The five-year deal, which is a renewal of an existing contract,...
News

Amendments being made to Petroleum Commission bill

OilNOW -
Further amendments are being made to the bill being proposed for the establishment of Guyana’s Petroleum Commission – the regulatory body that will have oversight of the oil and gas industry. The move, which would possibly see the reducing of...
News

ExxonMobil US$300,000 support kick starts Iwokrama Science Programme

OilNOW -
ExxonMobil Guyana’s US$300,000 (G$62M) contribution to the Iwokrama International Centre back in November has paved the way for the re-launching of the entity’s Science Programme. The first meeting for the Iwokrama Science Committee was held on February 12-13 where the...
1...879880881...965Page 880 of 965

Latest News

NewsOilNOW -

Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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