News

News

Trump threatens “strong and swift economic actions” against Venezuela

OilNOW -
(Reuters) - U.S. President Donald Trump threatened on Monday to take "strong and swift economic actions" if Venezuelan President Nicolas Maduro goes ahead with plans to create a super-legislature known as a Constituent Assembly in a July 30 vote. "Yesterday,...
News

EITI will allow Guyanese to know what revenues are being collected – Repsol Country Manager

OilNOW -
Exploration Country Manager of Repsol Exploration Guyana S.A. Ryan Ramjit, believes that while the Extractive Industries Transparency Initiative (EITI) is “no silver bullet” it is extremely important for enhancing transparency and accountability. He was speaking on Saturday July 15, 2017...
News

$2 billion oil hedge fund now nearly worthless

OilNOW -
(Reuters) - Wells Fargo (WFC.N) and a number of other lenders are negotiating to take control of a hedge fund previously valued at more than $2 billion that is now worth close to nothing, according to a report from...
News

ExxonMobil supporting research to convert biomass into fuel

OilNOW -
The University of Wisconsin-Madison and ExxonMobil have announced a two-year renewal of an agreement to research the fundamental chemistry of converting biomass into transportation fuels. The research is part of a broad effort to identify scalable and commercially viable...
News

Guyana signs onto OPEC fund

OilNOW -
Guyana’s private sector is set to benefit from new avenues for finance and investments with the signing of an Agreement for Encouragement and Protection of Investment with the OPEC Fund for International Development (OFID). The country’s Minister of Finance, Winston...
News

Excitement high as 2nd batch of Guyanese workers head out to Stena Drillship

OilNOW -
Excitement was high on Saturday at the head office of El Dorado Offshore (EDO) in Georgetown, as another batch of Guyanese workers prepared for the 120-mile journey offshore to the Stena Carron Drillship. Stena has selected 12 Guyanese nationals through...
News

US Ambassador optimistic Guyana will achieve EITI candidacy this year

OilNOW -
US Ambassador to Guyana, Perry Holloway, says he is optimistic that Guyana’s candidacy for the Extractive Industries Transparency Initiative (EITI) will be approved this year. The United States is providing assistance to the Ministry of Natural Resources in support...
News

Public lecture on safety culture in oil & gas set for Tuesday

OilNOW -
Guyanese will have another opportunity to learn more about key aspects of the oil and gas industry with the staging of another public lecture on Tuesday, July 18, 2017. The focus of this lecture will be the cultural impact...
News

Trump administration reduces royalty rates in first U.S. oil, gas lease sale

OilNOW -
(Reuters) The Trump administration on Thursday announced its first offshore oil and gas lease sale, offering 76 million acres (30 million hectares) in the Gulf of Mexico and reduced royalty rates for shallow-water leases to encourage drilling at a...
News

Halliburton looking to open office in Guyana

OilNOW -
Guyana's Minister of Natural Resources, Raphael Trotman, and a team of technical officers of the Petroleum Department of the Ministry of Natural Resources met with Mr. Jeffrey Miller, President and CEO of Halliburton, and his team at the Ministry’s...
1...945946947...966Page 946 of 966

Latest News

NewsOilNOW -

Liza Unity is world’s first FPSO to receive ABS SUSTAIN-2 Notation

The Liza Unity has become the first floating production, storage and offloading (FPSO) vessel to receive the SUSTAIN-2 notation...

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