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News

Search suspended for missing worker after oil rig explosion in Louisiana

OilNOW -
(ABC) The search for a missing Louisiana worker was suspended Monday evening after he was unaccounted for following an explosion on a large oil rig Sunday night. The Kenner Police Department said it fielded a flurry of 911 calls at 7:18 p.m....
News

China’s sovereign wealth fund hits 900 billion USD

OilNOW -
(Xinhua) Total assets of China Investment Corporation (CIC), the country's sovereign wealth fund (SWF), surpassed 900 billion U.S. dollars as of August. The figure is more than triple the original capital of 249 billion U.S. dollars when the fund was...
News

Gov’t, Opposition must work together to develop plan or country will suffer – Nigel Hughes

OilNOW -
Guyanese Attorney-at-Law, Nigel Hughes, is urging the Government of Guyana and the Parliamentary Opposition to begin working together for the establishment of a long-term national development plan, failure of which could see the country being adversely affected when oil...
News

Oil rig explodes in Louisiana Lake Pontchartrain critically injuring 5

OilNOW -
(NBC News) An oil rig exploded on a Louisiana lake Sunday night, injuring seven people, five of them critically, while another person remained unaccounted, authorities said. The explosion on Lake Pontchartrain was reported at 7:18 p.m. (8:18 p.m. ET) about...
News

Iraq-Kurdistan conflict drives up oil prices

OilNOW -
(Financial Times) Crude oil was the standout mover on early Monday trading as conflict between Iraqi and Kurdish forces broke out south of the oil-rich city of Kirkuk, with energy stocks in Europe and Asia climbing. The Kurdistan Regional Government...
News

Train the trainers worked for gold, it can work for oil – McLean

OilNOW -
Former Human Resource Manager of the now defunct Omai Gold Mines Limited, Norman McLean, believes that an effective approach for the delivery of local content in Guyana’s emerging oil and gas industry is to implement a system that allows...
Exploration

Tullow Oil signs exploration contracts offshore Ivory Coast

OilNOW -
(Reuters) Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million, an Ivorian government spokesman said on Wednesday. The contracts, which include a 10 percent share for state oil company Petroci, span exploration...
News

Australia, Timor Leste draw up maritime borders draft treaty to bring end to oil and gas dispute

OilNOW -
(SBS) Australia and Timor Leste have drawn up a draft treaty setting out their maritime borders, aiming to end a bitter dispute over lucrative oil and gas fields, officials said Sunday. "Timor Leste and Australia have reached agreement on the...
News

Robust internet security vital for protection of sensitive data – ICANN

OilNOW -
A secure, stable and reliable internet network is important for any country that wants to develop a framework for efficient handling of data across a number of platforms. This was pointed out by Senior Manager of Stakeholder Engagement for the Caribbean attached...
News

Petroleum summit pushed to February 2018

OilNOW -
The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX 2018) will now be held on February 7-9, 2018. The summit, originally scheduled for November this year, will open strategic dialogue and place the South American country as a...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana earned US$2.57 billion from oil in 2024

Guyana received US$2.57 billion (GY$536 billion) in oil revenue in 2024, based on monthly and quarterly reports of 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.

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