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

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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...
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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

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

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

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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...
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ExxonMobil exits Russian ventures, continues success off Guyana

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(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...
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Eco Atlantic now recognized as TSX Venture 50 Company

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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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ExxonMobil, BHP withdraw Bass Strait oil assets from sale in major turnaround

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(ABC) BHP and ExxonMobil are holding on to their ageing oil platforms in Bass Strait, off the Victorian coast, just 20 months after putting them on the market. The fields that make up the oil block include Australia's oldest and...
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Guyana’s energy boom could fuel AI revolution, says industry expert

Guyana’s economic growth and expanding energy sector present a major opportunity to embrace artificial intelligence (AI) and data mining....

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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