Showing results for:

News

Int’l experts say frontier countries offer ‘favourable fiscal terms’ to secure oil deals

OilNOW -
It is not uncommon for countries with little or no proven oil reserves to offer prospective investors favourable fiscal terms in an effort to kick-start their petroleum ambitions says the International Monetary Fund (IMF), Norway-based industry analyst, Rystad Energy...
News

Time will tell how successful Guyana policy framework for O&G is, Jamaica must prepare says former PM

OilNOW -
Former Prime Minister of Jamaica, Bruce Golding says a number of examples in the region point to mistakes that can be made by oil producing nations and while time will tell how successful Guyana is in avoiding pitfalls, Jamaica,...
News

TechnipFMC secures FPSO design contract from BP

OilNOW -
BP has awarded TechnipFMC the engineering design contract for the Tortue/Ahmeyim fields floating production, storage and offloading (FPSO) unit. TechnipFMC is the same company that has been awarded a contract by ExxonMobil Guyana for the engineering, manufacture and delivery of...
News

BP, Petrobras in strategic business alliance

OilNOW -
BP and state-owned Brazilian oil company Petrobras have announced they have signed a Memorandum of Understanding (MoU) to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond. Petrobras is globally recognized as the world’s...
News

PSC wants clear framework for development of O&G sector

OilNOW -
Guyana’s Private Sector Commission (PSC) is pushing for the country’s government to outline a clear framework for the development of the emerging oil and gas sector. PSC presented its Action Plan for the Sustainable Development of Guyana to Minister of...
News

Tina VLCC in dry-dock for 60 days as work on Liza Destiny FPSO continues

OilNOW -
The Bahamas-flagged Tina Very Large Crude Carrier (VLCC) – the vessel being converted to the Liza Destiny FPSO – has successfully dry-docked for the first time at Keppel’s shipyard in Singapore. ExxonMobil Guyana says the vessel is expected to be...
News

Guyana wants Venezuela to leave Ankoko, stop threatening companies

OilNOW -
Guyana, in its filing against Venezuela at the International Court of Justice, is asking the body to declare that the Bolivarian Republic immediately withdraw from the eastern half of Ankoko Island and refrain from threatening or using force against...
News

Deodat Indar reelected to 2nd term as GCCI president; promises renewed push for Guyanese businesses in O&G

OilNOW -
Deodat Indar was on Thursday reelected to serve a second term as President of the Georgetown Chamber of Commerce and Industry (GCCI). The business group held its 128th Annual General Meeting at the Roraima Duke Lodge in Guyana’s capital Georgetown on...
News

BHP Billiton could begin hunt for petroleum in Barbados by next year

OilNOW -
Australia based BHP Billiton could begin its hunt for petroleum in the Caribbean territory of Barbados as early as 2019. The island’s Minister with responsibility for Energy, Senator Darcy Boyce, speaking at a symposium in Trinidad held in March,...
News

‘19 commercial discoveries in 2017’ – CNOOC Limited

OilNOW -
CNOOC Limited, the owner of Nexen which is a 25% joint venture partner in the Stabroek Block offshore Guyana along with ExxonMobil and HESS, recently announced that for 2017 its reserves and profit improved significantly. In announcing its performance for...
1...329330331...353Page 330 of 353

Latest News

Energy InsightsChevy Devonish -

New lawsuit claims that the Government of Guyana’s management of the Natural Resources Fund is unlawful and unconstitutional

A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resources Fund...

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