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Brazil to decide in first half on Total’s Amazon River basin drilling

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(Reuters) - Brazil environmental agency Ibama will decide on French oil firm Total’s application to drill in the environmentally sensitive Amazon river basin before the end of May, and possibly as soon as the end of March, an agency...
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Aker Energy buys Hess Ghana business, expects first oil in 2021

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Norwegian billionaire Kjell Inge Roekke’s Aker Energy plans “significant” oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation’s (HES.N) business there. Hess holds a 30 percent interest in the Stabroek Block offshore Guyana. Reuters reports...
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BP sees electric future with oil demand peaking in 2030s

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(Bloomberg) The British company bumped up its forecast for electric vehicles by 80 percent to 180 million by 2035, according to an energy outlook released Tuesday. It expects a third of the miles driven in 2040 will be powered...
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Noble Energy profit beats estimates on cost cuts, rising oil prices

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(Reuters) - U.S. oil and gas producer Noble Energy Inc (NBL.N) reported adjusted quarterly profit on Tuesday that easily beat analyst estimates due to cost cuts and higher crude prices, sending shares surging more than 7 percent in morning...
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Encouraging indicators for oil & gas in Jamaica says PCJ

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(Jamaica Observer) The Petroleum Corporation of Jamaica (PCJ) says a geological study recently conducted by CGG Robertson of the United Kingdom has revealed further “encouraging” signs for possible petroleum potential on and off-shore Jamaica. “The investigations, which were carried out...
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ExxonMobil takes Bristow helicopters for Guyana ops

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(Offshore Energy) Offshore helicopter services provider Bristow has secured a multi-year contract to provide helicopter offshore crew change and search and rescue (SAR) services to support ExxonMobil in Guyana. The five-year deal, which is a renewal of an existing contract,...
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Amendments being made to Petroleum Commission bill

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Further amendments are being made to the bill being proposed for the establishment of Guyana’s Petroleum Commission – the regulatory body that will have oversight of the oil and gas industry. The move, which would possibly see the reducing of...
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ExxonMobil US$300,000 support kick starts Iwokrama Science Programme

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ExxonMobil Guyana’s US$300,000 (G$62M) contribution to the Iwokrama International Centre back in November has paved the way for the re-launching of the entity’s Science Programme. The first meeting for the Iwokrama Science Committee was held on February 12-13 where the...
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15 Guyanese receive training to work on Noble Bob Douglas Drillship

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A total of 15 Guyanese recently completed courses in Basic Safety Training (BST) and Ship Security Awareness (SSA) as part of the requisite training and certification needed to qualify them to be employed on the Noble Bob Douglas Drillship. The...
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Guyanese oil spill responder wants marine laws revised

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Gaico Construction and General Services - a Guyanese company investing in marine vessels, skimmers, booms and other oil spill response equipment - wants the Guyana Government to immediately overhaul its marine laws ahead of oil production. GAICO’s, Chief Executive Officer,...
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Hammerhead gas to flow through pipeline as soon as project starts

Gas from ExxonMobil’s newly sanctioned Hammerhead development will begin flowing immediately through Guyana’s Gas-to-Energy (GtE) pipeline once production starts...

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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