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Dominican Republic to join Caribbean energy exploration rush

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The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean...
News

TT energy sector being made into ‘bogey man’ – fmr minister

OilNOW -
The energy sector of Guyana’s closest Caribbean island neighbor - Trinidad and Tobago - is traversing a slippery slope according to a former energy minister in the twin island republic. He believes a change in direction is urgently needed...
News

Oil producer Norway starts wage talks to avert widespread strikes

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(Reuters) - Norwegian employers and labor unions embarked on four weeks’ of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe’s biggest crude producer. Unlike most years, in which wages are set on...
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Colombia jumps into Latam oil auction wave; to award blocks in April

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(Reuters) - Colombia plans to award up to 15 oil blocks next month and will begin routinely offering onshore and offshore areas for exploration and production in May, the head of the country’s energy regulator told Reuters. The move, Colombia’s...
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Guyana fast-tracked Liza development to protect sovereignty

OilNOW -
Guyana on Friday acknowledged a move to strategically fast track the development of the Liza oil field in the Stabroek Block by US oil major ExxonMobil in order to assert its sovereignty over the territory ahead of the International...
News

BP: The rise of the robots

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(BP) Until now, offshore operators have conducted diligent inspections of facilities while clad in safety harnesses hanging off the side of an oil and gas platform. But, the latest technology is providing better solutions on BP's Thunder Horse platform...
News

GCCI President wants ‘expatriate workforce policy’ enshrined ahead of first-oil

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar, is calling on the Guyanese government to immediately put in place measures to regulate the influx of expatriate workers through robust immigration policies and to priorities locals...
News

ExxonMobil, Guyana officials stress ‘sanctity of contract’ at O&G seminar

OilNOW -
As questions continue to be raised about the prospect of a ‘renegotiation’ of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, officials from both the Guyanese government and the oil company are adamant that the contract is valid...
News

ExxonMobil exits Russian ventures, continues success off Guyana

OilNOW -
(JPT) A busy week for ExxonMobil marked a continued company-wide transition for the world’s largest public oil and gas firm, headlined by its withdrawal from once-promising Russian joint ventures and its announcement of a seventh oil discovery off Guyana. According...
News

Eco Atlantic now recognized as TSX Venture 50 Company

OilNOW -
In wake of its announcement of a potential 1 billion plus barrels of oil at its Orinduik Block offshore Guyana, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG), said Friday that it has been recognized as a 2018...
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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...

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