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Sinister efforts afoot to gain access to petroleum contract, documents – Trotman

OilNOW -
Even as Guyana continues to approach the disclosure of its agreement with US super-major ExxonMobil for the development and production of petroleum with caution, sinister moves appear to be afoot by others, to gain access to these documents, disclosed...
Exploration

$620B in oil & gas projects may be deferred through 2020 – Deloitte

OilNOW -
The impact of the extended oil price downturn will likely have long-term effects on the industry in a number of areas including capital allocation and people, according to multinational professional services firm, Deloitte Touche Tohmatsu Limited. In describing 2017 as...
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We are not writing legislation…we review when asked – US Ambassador to Guyana

OilNOW -
United States Ambassador to Guyana, Perry Holloway, says the South American country continues to receive assistance from the US in its preparation for oil production come 2020, but even this assistance has certain limitations. During a recent interview with OilNOW,...
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Scientists turn to big data in hunt for minerals, oil and gas

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OSLO (Reuters) - Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method...
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US imposes sanctions on Venezuelan leader Nicolas Maduro

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(BBC) The US government has branded Venezuela's President Nicolás Maduro "a dictator" and frozen any US assets, after he held a controversial poll to elect a constituent assembly. Under the sanctions, US firms and individuals are banned from doing business...
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Transformation to oil producer in less than 5 yrs “unprecedented in the world” – Canadian High Commissioner

OilNOW -
The challenges facing Guyana as it prepares for oil production in 2020 will be bigger, since the country’s rapid move to first oil gives it less than 5 years from the initial discovery, to fully prepare. Outgoing Canadian High Commissioner...
News

Venezuela’s Maduro claims poll victory as opposition cries foul

OilNOW -
(BBC) Electoral officials in Venezuela say turnout in the controversial election for a constituent assembly was 41.5%, a figure disputed by the opposition. The opposition coalition said 88% of voters abstained and it refused to recognise the election. It also...
News

Guyana can experience as much as 2000% increase in GDP over next 20 yrs – GCCI President

OilNOW -
The economic explosion Guyana is expected to experience with coming oil production can see the country’s Gross Domestic Product (GDP) skyrocketing by as much as 2000% over the next two decades, according to President of the Georgetown Chamber of...
News

Multiple foreign companies being incorporated weekly in Guyana – Nigel Hughes

OilNOW -
Director of the Guyana Oil and Gas Association, Nigel Hughes, says a development boom is clearly on the horizon in the South American country, fueled by the emerging oil and gas industry. But, it is up to Guyanese to...
News

ExxonMobil earns $3.4B in 2nd quarter 2017

OilNOW -
Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realizations increased and refining margins improved. “These solid results across our...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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