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Guyanese urged to get out of poverty now before oil is left in the ground

OilNOW -
This is Guyana's chance to get out of poverty and the country should take it, since in the coming years a good deal of the oil discovered in the offshore basin, will remain just there. This is the advice...
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Ghana defends ‘direct negotiation’ with ExxonMobil; says company best-positioned for ultra-deep operations

OilNOW -
Ghana’s Minister of Energy, Boakye Agyarko, says the Government signed an oil exploration contract with ExxonMobil to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver. According to a Ghana Broadcasting Corporation...
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Analysts: Putin re-election will see Gazprom, Rosneft strengthen control

OilNOW -
(Rigzone) With Russian President Vladimir Putin elected for another six years to 2024, oil and gas analysts at BMI Research expect Gazprom and Rosneft to strengthen their control of the country’s hydrocarbon resources as the state fortifies its grasp...
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TMC secures FPSO compressor job for Liza Destiny

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Dutch floater specialist SBM Offshore has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system for the FPSO Liza Destiny that will bring first oil for Guyana. Under the contract, TMC will provide...
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Ten applications for oil blocks pending

OilNOW -
Around ten applications for oil blocks in Guyana are currently sitting with authorities but no firm decision on the issuance of new licenses has been made yet. OilNOW was told by Minister of Natural Resources Raphael Trotman that no decision...
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High-level caucus on petroleum set for today

OilNOW -
Guyana’s Ministry of Natural Resources (MNR) has organised a high-level caucus for Cabinet Ministers to engage global thinkers and experts on natural resource management as part of the Government of Guyana's agenda to prepare for petroleum production in 2020,...
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Iraq weighs building an island to boost oil-exporting capacity

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OPEC’s second-biggest producer is ramping up efforts to expand capacity to pump and export oil, with plans that include the injection of seawater into crude deposits and the construction of export facilities on a man-made island in the Persian...
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US bans transactions with Venezuela’s petro cryptocurrency

OilNOW -
President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in...
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We need oil partners with clout and bravery in face of territorial aggression – Trotman

OilNOW -
Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
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Trump’s offshore oil plan will struggle to lure rigs from Guyana

OilNOW -
The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...
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TechnipFMC reports strong Q3 2025 results driven by subsea growth

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net...

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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