News

News

ExxonMobil to begin new hunt for oil at Sorubim-1 well in Guyana

OilNOW -
On March 30, 2018, ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) and its joint venture partners Hess and CNOOC Nexen will commence drilling operations at the Sorubim-1 well within the Stabroek Block of the Guyana Maritime Zone. The...
News

India sets sights on Guyana’s oil basin

OilNOW -
The Indian Government is showing interest in Guyana’s emerging petroleum industry; not only as a potential source of crude for its growing domestic demand but also for its own exploration activities. The Asian giant’s Plenipotentiary Representative to Guyana, High Commissioner...
News

Fr. Commonwealth SG leads Guyana defense in ICJ border case   

OilNOW -
Former Commonwealth Secretary-General, Sir Shridath Ramphal, will again lead the Guyanese legal team of defense lawyers in a border controversy case, this time against Venezuela - to be called shortly by the International Court of Justice (ICJ). The confirmation was...
News

Guyana could sell oil to CARICOM at preferential rates

OilNOW -
Guyana - the latest and soon-to-be greatest producer of oil in the Caribbean Community (CARICOM) could sell the commodity to member states at preferential rates, similar to a special facility Venezuela set up in 2005 under the Petrocaribe agreement. Up...
News

It’s disastrous to tear-up ExxonMobil contract now – Oxford Prof.

OilNOW -
Oxford University Professor of Economics and Public Policy, Sir Paul Collier, has warned it would be disastrous for Guyana to "tear-up" its Production Sharing Agreement with US oil major ExxonMobil. The Professor met with senior members of the Guyanese media...
News

Guyanese urged to get out of poverty now before oil is left in the ground

OilNOW -
This is Guyana's chance to get out of poverty and the country should take it, since in the coming years a good deal of the oil discovered in the offshore basin, will remain just there. This is the advice...
News

Ghana defends ‘direct negotiation’ with ExxonMobil; says company best-positioned for ultra-deep operations

OilNOW -
Ghana’s Minister of Energy, Boakye Agyarko, says the Government signed an oil exploration contract with ExxonMobil to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver. According to a Ghana Broadcasting Corporation...
News

Analysts: Putin re-election will see Gazprom, Rosneft strengthen control

OilNOW -
(Rigzone) With Russian President Vladimir Putin elected for another six years to 2024, oil and gas analysts at BMI Research expect Gazprom and Rosneft to strengthen their control of the country’s hydrocarbon resources as the state fortifies its grasp...
News

TMC secures FPSO compressor job for Liza Destiny

OilNOW -
Dutch floater specialist SBM Offshore has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system for the FPSO Liza Destiny that will bring first oil for Guyana. Under the contract, TMC will provide...
News

Ten applications for oil blocks pending

OilNOW -
Around ten applications for oil blocks in Guyana are currently sitting with authorities but no firm decision on the issuance of new licenses has been made yet. OilNOW was told by Minister of Natural Resources Raphael Trotman that no decision...
1...895896897...990Page 896 of 990

Latest News

OpinionsOilNOW -

Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the...

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