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Supermajor Total in new Option Agreement with Eco for 25% interest in Orinduik Block

OilNOW -
Toronto, Ontario (FSCwire) - Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V:EOG), is pleased to announce that its subsidiary, Eco Atlantic (Guyana) Inc. has entered into an option agreement  on its Orinduik Block, offshore Guyana, with Total E&P...
News

Canada sanctions 40 Venezuelans with links to Maduro regime

OilNOW -
Canada has announced sanctions on key figures in the Maduro regime in what the country’s Ministry of Foreign Affairs says is designed to send a clear message to the Venezuelan government that “their anti-democratic behaviour has consequences.” Chrystia Freeland, Minister...
News

Oil & gas is not a tsunami; Guyana PM urges positive outlook at opening of business conference

OilNOW -
A two-day conference examining investment opportunities in Guyana’s economy got underway this morning at the Marriott Hotel in Georgetown. Delivering the keynote address, Prime Minister of Guyana, Moses Nagamootoo, said a positive outlook is needed for the emerging oil and...
News

Oil money will go towards savings, infrastructure and social programmes – Trotman

OilNOW -
A percentage of revenue from oil production in Guyana will go towards savings via the Sovereign Wealth Fund (SWF) and investments will be made in a raft of social and infrastructural programmes which the country’s government believes will help...
News

US expands travel ban to include Venezuela

OilNOW -
(BBC) The United States has expanded its controversial travel ban to include people from North Korea, Venezuela and Chad. The White House said the restrictions follow a review of information sharing by foreign governments. Donald Trump issued a presidential proclamation late...
Exploration

Total, Chevron enter deepwater pact covering 16 blocks

OilNOW -
Total announced Friday that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture 7 prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located...
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OPEC keeps oil market guessing over further production cuts

OilNOW -
(Bloomberg) - Ministers from OPEC and its allies look set to keep everyone waiting longer for confirmation of further action to rebalance the oil market, sending conflicting signals on whether they’ll discuss extending or deepening supply cuts in Vienna...
News

Newly trained Guyanese urge countrymen to acquire skills in oil & gas

OilNOW -
Fourteen Guyanese departed the South American country for neighboring Trinidad and Tobago in August for what has been a life-changing experience developing skills and expertise for work in the oil and gas industry. Hands-on exposure to the marine work environment...
News

Exxon Houston facilities back in operation after Harvey disaster

OilNOW -
ExxonMobil said today that its Baytown and Beaumont refineries have begun producing fuels at reduced rates and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey. Offshore production...
News

Head of Exxon briefs Guyana President on first oil preparations

OilNOW -
President of ExxonMobil Corporation, Stephen Greenlee says the company is pleased with its level of investment in Guyana and its working relationship with the South American country’s Government. Greenlee met with Guyana’s President David Granger in New York on the sidelines of...
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Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund...

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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