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Developing Guyana O&G sector without civil society foolhardy – Redford

OilNOW -
Civil Society’s input – informed or not - ultimately guides the development of an emerging oil and gas industry, and as such, in a Guyana context, there is need for a greater embrace of collaboration between the industry and...
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Petroleum Commission will not collect oil revenue – MNR

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Guyana’s Ministry of Natural Resources (MNR) said on Thursday that the country’s tax agency; Guyana Revenue Authority (GRA), will be responsible for the collection of revenue associated with oil production, and not the soon to be established Petroleum Commission. In...
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Guyana oil will fuel global economic growth – ExxonMobil VP

OilNOW -
The emerging oil and gas industry in Guyana, where ExxonMobil has to date discovered an estimated 3.2 billion recoverable oil-equivalent barrels, will not only fuel economic growth in the South American country, but across the world. This is according...
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Noble Energy divesting Gulf of Mexico assets for $710 million

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Noble Energy, Inc. (NYSE: NBL) announced on Thursday that a $750 million share repurchase program has been authorized by its Board.  In addition, the Company has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy LLC ("Fieldwood") for a total value of $710...
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Guyana must avoid borrowing on projected oil revenue – Fmr T&T Energy Minister

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Former Minister of Energy and Energy Affairs in Trinidad and Tobago, Kevin Ramnarine, believes Guyana would do well to guard against any borrowing on its projected income from oil since these revenues are merely estimates, being made in an...
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GTT CEO tells investors Guyana is the place to do business

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Guyana’s push for improved telecommunications infrastructure and e-governance connectivity along with its secure geopolitical environment and stable currency rate make it an ideal investment destination. This is according to Justin Nedd, Chief Executive Officer (CEO) of the American owned...
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Shell, SBM Offshore win OTC Distinguished Achievement Award for Stones Field

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(Oil and Gas Facilities) Shell and SBM Offshore will be presented with the OTC Distinguished Achievement Award in recognition of the successful development of the world’s deepest oil and gas project; the Gulf of Mexico Stones field, using the Turritella FPSO....
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Broad representation of companies at GIPEX 2018 impressive – Alison Redford

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The participation of more than 200 companies and 600 delegates at the just concluded Guyana Petroleum Exhibition and Summit (GIPEX) has been described as “impressive” by former Alberta Premier, Alison Redford. Speaking to OilNOW on the sidelines of GIPEX 2018,...
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Algeria’s Sonatrach, Italy’s Saipem agree to end disputes

OilNOW -
Algeria’s state energy firm Sonatrach and Italian oil firm Saipem signed an agreement on Wednesday to end their legal disputes, company executives said. “It’s a big day for Saipem and for me,” Saipem’s CEO Stefano Cao told reporters. Sonatrach’s CEO Abdelmoumen...
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Venezuela’s main source of cash is dwindling at breathtaking pace

OilNOW -
(CNN Money) The country's oil output in January fell to its lowest level in nearly 30 years, not including a brief oil strike in 2003, according to S&P Global Platts. A monthly OPEC report published Monday revealed Venezuela pumped 1.6...
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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.

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