News

News

TT energy sector being made into ‘bogey man’ – fmr minister

OilNOW -
The energy sector of Guyana’s closest Caribbean island neighbor - Trinidad and Tobago - is traversing a slippery slope according to a former energy minister in the twin island republic. He believes a change in direction is urgently needed...
News

Oil production key in catapulting Ghana to one of world’s fastest growing economies

OilNOW -
While seen as a curse by some, oil production and its spin-off effects can positively impact developing countries and change their fortunes for the better. The New York Times in a March 10 report stated that as recently as the...
News

US Ambassador wealth fund comments “misinformed” – Finance Ministry

OilNOW -
Guyana’s Ministry of Finance describes as “misinformed” some of the views expressed in an Op-Ed written by US Ambassador to the South American country, Perry Holloway, which called for prioritization of a Sovereign Wealth Fund (SWF). In a statement on...
News

Oil revenue will fuel construction boom – Business Minister

OilNOW -
Massive cash injection from oil production is expected to have a multiplier effect on the Guyana economy that will fuel a construction boom and trigger growth in a number of other sectors. This is the view of Guyana’s Business...
News

Statoil to change name to Equinor to reflect broad energy push

OilNOW -
(Reuters) - Norway’s Statoil said on Thursday it would change its name to Equinor, saying this would reflect its commitment to be a broad energy company rather than one just focused on oil. In a video posted on social media,...
News

Tillerson has 180 million reasons not to return to oil industry

OilNOW -
(Bloomberg) -- It isn’t clear where Rex Tillerson goes from here, but he has 180 million reasons to avoid the oil industry. The freshly ousted Secretary of State’s exit package from former employer Exxon Mobil Corp. stipulates that if Tillerson returns to...
News

Urgency of Sovereign Wealth Fund cannot be understated – US Ambassador

OilNOW -
United States Ambassador to Guyana Perry Holloway says the establishment of a revenue and investment framework that effectively manages the expected windfall from oil production is of vital importance if the South American country is to be truly transformed. Writing...
News

Tillerson’s departure could shift path on Venezuela oil sanctions – Analysts

OilNOW -
The removal of Rex Tillerson as US Secretary of State could alter the administration's plans for sanctions on Venezuela's oil sector, analysts have said. Tillerson, the former CEO of ExxonMobil, had become a leading advocate for sanctions on Venezuelan exports...
News

Oil producer Norway starts wage talks to avert widespread strikes

OilNOW -
(Reuters) - Norwegian employers and labor unions embarked on four weeks’ of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe’s biggest crude producer. Unlike most years, in which wages are set on...
News

Ecuador seeks $800M investment in oil & gas bid

OilNOW -
(Reuters) - Ecuador on Tuesday launched a bidding round for foreign companies to develop oil and gas reserves, hoping to attract some $800 million in investment to boost production in the Andean nation’s sluggish economy. Winners will operate four oil...
1...885886887...978Page 886 of 978

Latest News

NewsOilNOW -

Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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