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IEA sees strongest global oil-demand growth in two years

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(Bloomberg) Global oil demand will climb this year by the most since 2015, the International Energy Agency said, amid stronger-than-expected consumption in Europe and the U.S. The IEA, which advises most major economies on energy policy, increased its estimate for...
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Exxon, El Dorado pushing “paid training” for Guyanese students

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US super-major ExxonMobil and manpower provider, El Dorado Offshore (EDO), have embarked on a programme to provide paid training to Guyanese students, in oil and gas. In August, four students selected from the Government Technical Institute (GTI) boarded a plane...
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Canadian companies looking to form lasting partnerships in Guyana

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Twenty-five Canadian organisations are in Guyana, hoping to form lasting partnerships with local companies and stakeholders to support the growth in the South American country’s emerging oil and gas industry. Treasurer of the Newfoundland and Labrador Oil and Gas Industries Association,...
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Guyana looking to get highest value for its share of oil – Trotman

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When oil production begins in Guyana in 2020, the South American country will be looking to get the highest value for its share of oil says Minister of Natural Resources, Raphael Trotman. In a recent interview with OilNOW, Mr. Trotman...
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Hess named to Dow Jones Sustainability Index

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Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eighth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders...
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Guyana disaster response unit to receive oil spill training

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The Civil Defence Commission (CDC) in Guyana is expected to benefit from a series of training opportunities to better respond to disasters in the emerging oil and gas industry, such as oil spills. This was disclosed by the country’s Minister...
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Oil edges up as Saudi discusses oil supply cut extension

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(Reuters) - Oil prices edged up on Monday after the Saudi oil minister discussed the possible extension of a pact to cut global oil supplies beyond March 2018 with his Venezuelan and Kazakh counterparts. The news of the talks on...
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Norway goes to the polls in ‘election thriller’

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(Aljazeera) Polling stations opened across Norway on Monday as the oil-rich nation votes for its next four years of government. The election, which has been labelled the "biggest election thriller in many decades" by national media, will see Prime Minister...
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Fmr President says disclosing petroleum contract will not jeopardize national security

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Former President of Guyana and current Leader of the Opposition, Bharrat Jagdeo, is of the view that public disclosure of the petroleum contract with US super-major ExxonMobil will not jeopardize the South American country’s national security. The agreement, signed on June...
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Local content must be clearly defined, should take effect from exploration stage – GCCI

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The Georgetown Chamber of Commerce and Industry (GCCI) is calling for a clear definition of “local content” and believes this should take effect as early as the exploration stage, in Guyana's oil and gas sector. GCCI, which represents 180 private sector...
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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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