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ExxonMobil says Harvard climate study “inaccurate, activist-funded”

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ExxonMobil Corporation said on Wednesday a Harvard University study that concluded the US super-major misled the public on climate change  was "paid for, written and published by activists leading a five-year campaign against the company.” The Harvard researchers examined 187...
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Private sector urged to expand knowledge, hold unified position on O&G

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Guyana’s private sector is being urged to expand its knowledge base and adopt a unified position for the country’s emerging oil and gas industry. OilNOW sat down with former High Commissioner of Canada to Guyana, Pierre Giroux prior to his...
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Mining giant BHP to sell US shale assets

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(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit". Shareholder...
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Shell starts production at Gbaran-Ubie Phase 2 in Nigeria

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The Shell Petroleum Development Company of Nigeria Ltd joint venture has started production at Gbaran-Ubie Phase 2, a key project in Nigeria’s Niger Delta region. In a statement Wednesday, the company said Phase 2 follows the success of the first...
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Ghana, Equatorial Guinea to sign LNG deal

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ACCRA (Reuters) - Ghana's President Nana Akufo-Addo plans to sign an agreement to import liquefied natural gas (LNG) from Equatorial Guinea during his three-day visit to the Gulf of Guinea due to begin on Monday, his office said. Though an...
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Trinidad squandered US$77B in oil revenue between 1999 & 2016 – TT Economist

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A Trinidadian Economist is urging Guyana not to make the same mistakes the twin island republic has made in the management of revenue generated from petroleum production, and the neglect of other sectors of the economy. Dr. Roger Hosein, an...
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“Stop doing things piecemeal”- vision urgently needed for oil revenue – Dr. Adams

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The absence of a well-articulated vision that outlines how oil revenue will be spent to transform Guyana and improve the living standards of its small population of 750,000 is a matter that needs urgent attention. This is the view...
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Shell Nigeria sounds alarm over potential oil spill, fire outbreak

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Shell Petroleum Development Company (SPDC) said on Sunday it was “deeply concerned” that unauthorized persons (including women and children) have been observed in close proximity to equipment at its Belema Flow Station and Gas Plant, and nearby communities, at...
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GCCI looking to play key role in helping ExxonMobil business centre push local content

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The Georgetown Chamber of Commerce and Industry (GCCI) is looking to work closely with ExxonMobil’s Centre for Local Business Development (CLBD) in Guyana, as part of its push to build capacity across the private sector for the oil and...
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Setting up strong framework, learning from successes can put Guyana on right path

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Among the options Guyana should consider in preparation for its emerging oil and gas industry is the development of prescriptive and outcome-based frameworks, which, according to a consultant on regulation and standards in the industry, will outline clearly how...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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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