News

News

Anadarko caps more than 6,000 oil and gas flowlines

OilNOW -
Anadarko Petroleum said late Friday that it has tested more than 4,000 active oil and gas lines and plugged another 2,400 inactive ones per a state order issued after a fatal home explosion in Firestone in April, the Denver...
News

Guyana not yet prepared to disclose identities of oil negotiators – State Minister

OilNOW -
The Guyanese public is no closer to knowing the full identities of those who have been negotiating terms and conditions on their behalf for development and production of offshore oil resources.  The country’s Minister of State, Joseph Harmon, told...
News

Head of Guyana regulatory body should be appointed through political consensus – IDB specialist

OilNOW -
As Guyana prepares to reap the benefits from oil production set to begin in 2020, a key Inter-American Development Bank (IDB) energy specialist working on the Extractive Industries Transparency Initiative (EITI) is warning the country to be mindful of expenditure...
News

Crude rises for sixth straight session

OilNOW -
(Reuters) Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in US output, but ongoing worries about global oversupply continued to drag. US West Texas Intermediate crude had risen 28...
News

Guyana’s draft Sovereign Wealth Fund legislation to face public scrutiny – Finance Minister

OilNOW -
Guyanese will soon have an opportunity to scrutinize draft legislation being formulated for the establishment of a Sovereign Wealth Fund (SWF) that will play a major role in the management of significant revenues expected from oil production in the...
News

Oil will convert Guyana’s deficit to surplus – IMF

OilNOW -
The International Monetary Fund (IMF) said that Guyana’s external outlook remains favourable and is expected to improve with the start of oil production. The IMF Staff Country Report for Guyana, released on June 28, says the commencement of oil production...
News

IDB willing to fund creation of “proper institutions” in Guyana for oil & gas

OilNOW -
The Inter-American Development Bank (IDB) is open to providing technical and financial assistance to Guyana for the creation of institutions needed to support the country’s emerging oil and gas sector. A team of officials from the Extractive Industries Transparency Initiative...
News

Report finds offshore recovery still held back by oil price

OilNOW -
(Offshore) Westwood Energy’s updated World Oilfield Equipment Market Forecast projects higher offshore expenditure between now and 2021. The analyst now predicts total investments of $254 billion compared with $224 billion in its previous forecast. It cautions, however, that the market will...
News

Shell, Exxon to appeal latest Groningen gas production cap

OilNOW -
(Reuters) A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it would appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field by a further 10 percent. The Dutch...
News

New helicopter base under construction for Bristow in UK

OilNOW -
Construction has begun on a new HM Coastguard search and rescue (SAR) helicopter base at Lydd Airport in the UK which will be operated by Bristow Helicopters. The £7.8 million project will create a new focal point for the region’s...
1...921922923...939Page 922 of 939

Latest News

NewsOilNOW -

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...

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