News

News

We are not writing legislation…we review when asked – US Ambassador to Guyana

OilNOW -
United States Ambassador to Guyana, Perry Holloway, says the South American country continues to receive assistance from the US in its preparation for oil production come 2020, but even this assistance has certain limitations. During a recent interview with OilNOW,...
News

Scientists turn to big data in hunt for minerals, oil and gas

OilNOW -
OSLO (Reuters) - Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method...
News

US imposes sanctions on Venezuelan leader Nicolas Maduro

OilNOW -
(BBC) The US government has branded Venezuela's President Nicolás Maduro "a dictator" and frozen any US assets, after he held a controversial poll to elect a constituent assembly. Under the sanctions, US firms and individuals are banned from doing business...
News

Transformation to oil producer in less than 5 yrs “unprecedented in the world” – Canadian High Commissioner

OilNOW -
The challenges facing Guyana as it prepares for oil production in 2020 will be bigger, since the country’s rapid move to first oil gives it less than 5 years from the initial discovery, to fully prepare. Outgoing Canadian High Commissioner...
News

Venezuela’s Maduro claims poll victory as opposition cries foul

OilNOW -
(BBC) Electoral officials in Venezuela say turnout in the controversial election for a constituent assembly was 41.5%, a figure disputed by the opposition. The opposition coalition said 88% of voters abstained and it refused to recognise the election. It also...
News

Guyana can experience as much as 2000% increase in GDP over next 20 yrs – GCCI President

OilNOW -
The economic explosion Guyana is expected to experience with coming oil production can see the country’s Gross Domestic Product (GDP) skyrocketing by as much as 2000% over the next two decades, according to President of the Georgetown Chamber of...
News

Multiple foreign companies being incorporated weekly in Guyana – Nigel Hughes

OilNOW -
Director of the Guyana Oil and Gas Association, Nigel Hughes, says a development boom is clearly on the horizon in the South American country, fueled by the emerging oil and gas industry. But, it is up to Guyanese to...
News

ExxonMobil earns $3.4B in 2nd quarter 2017

OilNOW -
Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realizations increased and refining margins improved. “These solid results across our...
News

Guyana will get oil revenue from day 1 of production – ExxonMobil

OilNOW -
Revenue from oil production will begin flowing to the Guyana government from day one of production, ExxonMobil’s Upstream Operations Manager in Guyana, Doug Mc Gehee, has confirmed. He was speaking at the time at the launch of the Georgetown...
News

Canadian O&G trade mission due in Guyana expected to be first of many – High Commissioner

OilNOW -
Over 19 Canadian companies are expected to be participating in an oil and gas trade mission to Guyana during the week of September 11-15, which, according to outgoing Canadian High Commissioner to Guyana, Pierre Giroux, could be the first...
1...942943944...966Page 943 of 966

Latest News

NewsOilNOW -

SBM Offshore and Microsoft partner on AI-powered floating power solutions

SBM Offshore has announced a global collaboration with Microsoft to develop AI-powered floating power solutions. The partnership aims to...

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