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No guarantee unprecedented rate of oil discoveries will continue – ExxonMobil Country Manager

OilNOW -
Despite the discovery of more than 3.2 billion barrels of oil off the Guyana coast, the South American country’s offshore basin still remains risky with no guarantee that the unprecedented rate of discoveries – seven to date – will...
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Jamaica energy minister warns against unrealistic oil expectations

OilNOW -
Jamaica’s Minister of Science, Energy and Technology, Dr. Andrew Wheatley has warned against any unrealistic expectations of a financial windfall in the short term from the three-dimensional (3-D) seismic survey for offshore oil and gas exploration now getting under...
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First cohort of TOTALTEC Academy starts oilfield training today

OilNOW -
The new TOTALTEC academy will today commence its Oilfield Operator Training Programme with a first cohort of 24 young Guyanese. TOTALTEC is one of the investors in the Guyana Shore Base Inc., which has been contracted by ExxonMobil Guyana to...
News

Guyanese urged to get out of poverty now before oil is left in the ground

OilNOW -
This is Guyana's chance to get out of poverty and the country should take it, since in the coming years a good deal of the oil discovered in the offshore basin, will remain just there. This is the advice...
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Ghana defends ‘direct negotiation’ with ExxonMobil; says company best-positioned for ultra-deep operations

OilNOW -
Ghana’s Minister of Energy, Boakye Agyarko, says the Government signed an oil exploration contract with ExxonMobil to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver. According to a Ghana Broadcasting Corporation...
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‘Netflix for Oil’ setting stage for $1 trillion battle over data

OilNOW -
(Bloomberg) A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never...
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Saipem in hunt for manpower agency, medical services provider in Guyana

OilNOW -
SURF contractor for the Liza Phase 1 development offshore Guyana - Saipem - is in search of a manpower agency and medical services provider for its operations in the South American country. Saipem America Guyana Branch posted a notice inviting...
News

Dominican Republic to join Caribbean energy exploration rush

OilNOW -
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

OilNOW -
(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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Apple taps 100,000 Guyana rainforest credits to offset its 2024 emissions

Apple has purchased 100,000 carbon credits from Guyana’s national forest protection program to help offset its corporate and product...

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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