News

News

Islamic Development Bank green-lights US$20M loan for power upgrade in Guyana

OilNOW -
Guyana has received approval from the Islamic Development Bank (IsDB) for a loan of US$20m for the Guyana Power and Light (GPL) Utility Upgrade Programme to effect a comprehensive turnaround of its electricity distribution. The South American country’s Ministry of...
News

Eni begins construction of hull for Coral South Floating LNG Unit

OilNOW -
Eni and its Area 4 partners held the “First Steel Cut” ceremony on September 6 at Geoje Island, South Korea, to mark the beginning of the construction of the Hull of Coral South’s Floating Liquefied Natural Gas (FLNG) vessel....
News

GOGEC welcomes closer cooperation with Trinidad

OilNOW -
The Guyana Oil & Gas Energy Chamber (GOGEC) said in a statement on Friday that it wishes to place on record that it supports closer co-operation and collaboration with Trinidad and Tobago and all other partners in Caricom. Responding to...
News

Majors ramping up oil hunt in Guyana-Suriname ‘mirror basin’

OilNOW -
As offshore exploration activities ramp up across the Guyana-Suriname basin, oil majors are also turning their attention to the opposite side of the Atlantic in a rush to tap into vast reserves. Bloomberg reports that the world’s biggest companies from Exxon...
News

GOGA, Marak set to stage 1st local content conference in Guyana

OilNOW -
Following the massive oil discoveries offshore Guyana, the Guyana Oil and Gas Association (GOGA) says the country has an opportunity to achieve a new path of sustainable economic growth and development; through applicable Local Content Policies and Strategies that...
News

Upfront $70 million for restart of St Croix refinery delayed

OilNOW -
Senators in the United States Virgin Islands are concerned that a sum of $70 million representing an upfront payment for restarting operations at the refinery at St Croix has not been made and there is uncertainty as to when...
News

Tullow Oil plans to drill first Guyana well in third quarter of 2019

OilNOW -
(Reuters) - Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik license bordering discoveries by Exxon, a spokesman said on Wednesday. Exxon and U.S. partner...
News

Business group sounds warning over agreement to be signed between Guyana and Trinidad

OilNOW -
A sound warning was issued on Wednesday afternoon by the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana over a reported decision by the country’s government to enter into an agreement with Trinidad and Tobago. Speaking at an emergency...
News

Energy agreement with Guyana to open pathway for TT companies – Rowley

OilNOW -
Trinidad and Tobago (TT) Prime Minister, Dr. Keith Rowley told an audience in Marabella on Tuesday evening that an agreement soon to be signed between the twin-island republic and Guyana will open the pathway for TT companies to benefit...
Exploration

Guyana’s oil fortune rapidly increasing

OilNOW -
‘Unprecedented’ is the one word that sums up the remarkable string of oil discoveries which US supermajor ExxonMobil has been making off the Guyana coast since 2015. The company’s success rate for finding crude in an area five and...
1...884885886...1,027Page 885 of 1,027

Latest News

NewsOilNOW -

High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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