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Robust internet security vital for protection of sensitive data – ICANN

OilNOW -
A secure, stable and reliable internet network is important for any country that wants to develop a framework for efficient handling of data across a number of platforms. This was pointed out by Senior Manager of Stakeholder Engagement for the Caribbean attached...
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Petroleum summit pushed to February 2018

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The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX 2018) will now be held on February 7-9, 2018. The summit, originally scheduled for November this year, will open strategic dialogue and place the South American country as a...
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Guyana oil reserves hover around 3 billion barrels with more discoveries expected

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With no proven oil reserves just over two and a half years ago, Guyana now has approximately 3 billion barrels of recoverable oil and this number is expected to further increase as the hunt for more petroleum intensifies. The country’s...
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Trotman, Jadoopat invited to EITI International Board meeting in Philippines

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Guyana’s Minister of Natural Resources Raphael Trotman and National Coordinator of the Guyana Extractive Industries Transparency Initiative (GYEITI) Dr. Rudy Jadoopat have been invited to attend the 38th EITI International Board Meeting in Manila, Philippines on October 25-26, 2017. OilNOW can confirm...
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US$1.5M financing secured for completion of Guyana’s Green State Development Strategy document

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The Ministry of the Presidency in Guyana has secured US$1.5 Million (GY$ 300 Million) to finance the development of the Green State Development Strategy (GSDS). This financing was approved by the Steering Committee of the Guyana REDD+ Investment Fund...
Exploration

Supermajor Chevron eyeing Guyana prospects

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US supermajor Chevron is looking to participate in offshore activities in Guyana, making it the third oil major that views the South American country as a favourable location. Total recently moved towards entering an agreement with Eco Atlantic on the...
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All eyes on Suriname as success offshore Guyana raises prospects for the basin

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A fifth oil discovery announced last week by ExxonMobil off the Guyana coast has further increased expectations that similar play could be expected in neighbouring Suriname as Tullow Oil farms into the Araku prospect on Block 54. Already, a 3D...
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WorleyParsons enters UK North Sea market with $228M acquisition

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Australian engineering firm WorleyParsons Ltd (WOR.AX) said on Monday it would buy the former upstream oil and gas assets of Britain’s Amec Foster Wheeler Plc AMFW.L for 228 million pounds ($298.22 million), marking its entry into the UK North...
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Guyana collected close to US$4.4M in revenue for oil & gas activities to date for 2017

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Guyana’s Minister of Finance, Winston Jordan, disclosed on Monday that the country has collected around US$4.4M (G$900 million) in revenue for the first half of 2017 from oil and gas related activities. Mr. Jordan was at the time responding to a...
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Azerbaijan willing to assist Guyana with training, capacity building for oil & gas

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Guyana and Azerbaijan are looking to build stronger relations and it is hoped that this partnership would allow for mutually beneficial outcomes, and support for the effective management of Guyana’s oil and gas sector. Last week, the Ambassador of the Republic of...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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