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Bristow in new contract with Hess for search and rescue operations

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"We are using sophisticated helicopters to deploy multiple types of airborne rescues for the new service, with crews that are highly skilled and trained and ready to respond to any type of medical emergency." Bristow U.S. LLC on Wednesday announced...
News

Fugro boosts specialist oil & gas services in Guyana

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Fugro is to boost its marine site characterization services for the oil and gas industry in the Republic of Guyana with a new strategic alliance with Ground Structures Engineering Consultants Ltd. The new relationship will facilitate training for Guyanese...
News

Oil prices shaping up to have major effect on Russian currency

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The results of a recent Bloomberg survey of FX executives show that the biggest issue facing the Russian ruble in 2017 is the price of oil. Released today (May 3 2017), the results show that 51% of those polled saying...
News

Chinese oil & gas companies come big at OTC

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A number of Chinese companies participated in the 48th Offshore Technology Conference (OTC), which kicked off Monday in Houston. Although the organizer did not give an exact number of Chinese companies attending this conference, it is a fact that more...
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Draft local content framework creates space for Guyanese businesses, entrepreneurs

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As Guyana gears up to become an oil producing country, its government is putting systems in place to ensure local businesses and entrepreneurs are given a fair chance to compete and benefit from opportunities that will arise in the...
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Oil prices drop below $48; first time in over a month

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(CNBC) Oil prices sharply extended losses just before Tuesday's settlement, with U.S. crude breaking below $48 a barrel for the first time in more than a month. U.S. West Texas Intermediate futures and international benchmark Brent crude were both down...
Exploration

CGX maps out plans for “getting back in the game”

OilNOW -
CGX Energy Inc. has provided details on the financial state of the company and its plans to restart oil exploration offshore Guyana. The Canadian-based oil junior released its audited consolidated financial results for 2016 along with an update on...
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OTC: Oil companies should beef up cyber security

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As oil companies outfit offshore platforms and drilling rigs with more automated, interconnected devices such as sensors, they should pay more attention to keeping those systems protected from online attacks, a speaker said at the Offshore Technology Conference on...
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Largest oil & gas conference in the world opens with focus on Mexico, Brazil

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Houston’s Offshore Technology Conference, the industry’s largest annual summit, opened today with a keynote from Richard Morrison, BP’s regional director for the Gulf of Mexico, the first of many focusing on new technologies and strategies to rebuild the offshore...
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T&T oil spill reaches Venezuela; former energy minister chastises Petrotrin

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An oil spill which occurred at Trinidad and Tobago’s state oil company Petrotrin on April 23 has now spread to the Venezuelan maritime boundary. The country’s Ministry of Energy says it is tracking the trajectory of the oil spill through...
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With experience on its side, Suriname wants to help Guyana build hydro project

Suriname is offering its expertise to support Guyana’s hydropower project, highlighting its experience in renewable energy. Staatsolie’s Managing Director,...

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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