News

News

“We did pay a US$18M signing bonus” – Exxon Country Manager

OilNOW -
Country Manager of ExxonMobil Guyana, Rod Henson, told media representatives on Sunday evening that the company did indeed pay a US$18M signing bonus to Guyana. Mr. Henson, speaking on the sidelines of a Public Lecture on Oil Spill Response Readiness...
News

UG forges ‘petroleum partnerships’ with UWI/UTT

OilNOW -
The University of Guyana (UG) has begun accelerating its capacity building efforts in order to ensure adequate tertiary training is available in light of Guyana’s emerging oil & gas industry. As such, UG has in recent weeks and months been...
News

Criticism mounts on Guyana Gov’t’s handling of ‘signing bonus’

OilNOW -
Days after Guyana’s Minister of Natural Resources, Raphael Trotman, told law makers in the country’s 65-seat National Assembly that the government did indeed receive a ‘sum’ from US oil major ExxonMobil when a new agreement was inked in 2016,...
News

Norway allows Eni to restart Goliat Oil Field in Barents Sea

OilNOW -
(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...
News

Transparency group accuses Guyana government of engaging in deception

OilNOW -
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...
News

Opposition Leader calls for resignations amid revelations “advance payment” received from ExxonMobil

OilNOW -
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...
News

‘We did what we did to safeguard Guyana’ – Trotman

OilNOW -
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...
News

Guyana shortlists sites for ‘natural gas’ power plant

OilNOW -
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...
News

Confront racial tensions ahead of oil wealth urges Guyanese Professor

OilNOW -
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...
News

Chevron projects $18.3B spending budget, down 4 percent

OilNOW -
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...
1...886887888...949Page 887 of 949

Latest News

NewsOilNOW -

US Energy Agency forecasts falling oil prices and slower production by 2026

The U.S. Energy Information Agency (EIA) has released its latest Short-Term Energy Outlook (STEO), which now includes forecasts for...

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