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Azerbaijan willing to assist Guyana with training, capacity building for oil & gas

OilNOW -
Guyana and Azerbaijan are looking to build stronger relations and it is hoped that this partnership would allow for mutually beneficial outcomes, and support for the effective management of Guyana’s oil and gas sector. Last week, the Ambassador of the Republic of...
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University of Guyana looking to boost capacity for training in oil & gas

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The University of Guyana is looking to build its capabilities in the emerging oil and gas sector through partnerships with other educational institutions in the region and even further afield. This was disclosed by Vice Chancellor of the University of Guyana,...
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Oil’s stint above $50 ends

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(Bloomberg) Was $50 a barrel for oil just a passing fancy? West Texas Intermediate, the U.S. benchmark, skyrocketed above $52 a barrel at the end of September, teasing investors. But the rally didn’t last long. After hedge funds sliced their...
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Statoil enters solar industry with 40% share in 162MW asset in Brazil

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Statoil has signed an agreement to acquire a 40% share in the construction ready 162MW Apodi solar asset in Brazil from Scatec Solar, a Norwegian independent solar power producer. The project will provide approximately 160,000 households with electricity. Statoil...
Discoveries

Further drilling will determine size of Turbot discovery – ExxonMobil

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US super-major ExxonMobil will move to drill a second well on the Turbot discovery next year which will help to determine the volume of oil contained in the reservoir. “We are planning to do an additional well on the Turbot...
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Government officers to benefit from oil spill response training

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A number of Government of Guyana Ministries and agencies’ staff are expected to be part of a three-day oil spill management workshop to be held at the Pegasus Hotel and at Splashmin’s Resort during the latter half of October. The...
Discoveries

Guyana gives ExxonMobil thumbs-up for new discovery

OilNOW -
Guyana’s Ministry of Natural Resources said in a statement on Thursday evening that it joins the country’s President, David Granger, and the Guyanese people, in congratulating ExxonMobil and its joint-venture partners Hess and CNOOC Nexen for their latest discovery...
Discoveries

Exxon makes 5th oil discovery offshore Guyana

OilNOW -
Exxon Mobil Corporation (NYSE:XOM) announced on Thursday it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and...
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US sanctions on Venezuela could open door wide for Russia, China

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The recent round of sanctions from the Trump administration has pushed the Venezuelan government to publish its oil prices in Chinese Yuan which has been seen as a fulfilled promise from President Nicolás Maduro to layoff the U.S dollar,...
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No decision yet on who will market Guyana’s oil – Trotman

OilNOW -
Minister of Natural Resources, Raphael Trotman, says the Government of Guyana is still examining options available for marketing its share of oil and this is being studied by a high-level team put together by President David Granger. The South American...
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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...

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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