News

News

Shell profits soar as oil sector makes comeback

OilNOW -
Royal Dutch Shell PLC Thursday reported a sharp increase in profit in the first quarter, rounding off a bumper set of results for the world's biggest oil companies as years of cost-cutting and a fragile recovery in oil prices...
News

Oil hovers near $46 as shale revival cancels out OPEC efforts

OilNOW -
NEW YORK (Bloomberg) -- Oil hovered around $46/bbl in New York, back to levels last seen before the OPEC deal, as the shale revival appears to be making the group’s cuts ineffective. After dipping below $44 Friday, futures pared some of...
News

New regulatory body could oversee implementation of Guyana local content policy

OilNOW -
A new regulatory body is being proposed by authorities in Guyana to oversee the implementation of a Local Content, Capacity Development and Value Addition Policy Framework.  The draft policy document, developed by the Ministry of Natural Resources, is currently...
News

ExxonMobil targets mid-year sanction for Liza first phase

OilNOW -
“When you think about the full scope of our development in Guyana, and clearly, the higher the resource density, the more profitable it's going to be..." - Jeff Woodbury US supermajor ExxonMobil plans to sanction the first phase of the development...
News

T&T MP calls for Petrotrin Board to resign

OilNOW -
“This is the second incident in two weeks which has brought grave danger to residents following last week's oil spill which the nation remains unsure of the total quantity of oil leakage,” - David Lee Pointe-a-Pierre MP David Lee has...
News

Petrotrin may have to pay for oil clean-up in Venezuela – T&T Fmr Energy Minister

OilNOW -
“The bilateral oil contingency plan which they have activated says that Venezuela will take care of cleaning up on their side and then they will deal with the whole issue of cost afterwards...But we don’t know what it will...
News

OPEC output unchanged at 31.85 million b/d

OilNOW -
(S&P Gobal Platts) The 10 Organization of the Petroleum Exporting Countries (OPEC) members' crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today (May 5). OPEC...
News

In excess of 1,340 direct jobs could be created over lifetime of Liza phase 1 project

OilNOW -
More than 1,340 direct jobs could be created over the lifetime of the Liza phase 1 development project which will see a proposed 17 wells being drilled, equipment installed and oil production undertaken in the Stabroek Block, 120 miles...
News

Guyanese to be given first preference where capability exists – Draft Local Content Framework

OilNOW -
The Guyana government says its goal is to enable international operators and services companies to identify local employees and suppliers from within Guyana and in the diaspora. Stakeholders in Guyana’s business community are continuing their review of a draft local...
Exploration

Ratio to announce start of 3D seismic work in Kaieteur Block

OilNOW -
Israeli-based Ratio Guyana Limited will soon announce commencement of 3D seismic work with its joint venture partner Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of US oil exploration giant ExxonMobil, in the Kaieteur Block, offshore Guyana. OilNOW understands...
1...933934935...938Page 934 of 938

Latest News

NewsOilNOW -

Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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