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Oil Finds: We must get it right from the beginning

OilNOW -
Oil, an indispensable factor in numerous economies, account for about 2.5 percent of the world’s Gross Domestic Product (GDP). According to Forbes online, it accounts for one-third of the primary supply for the world’s population, and if natural gas...
Exploration

FLASHBACK: Repsol months away from restarting drill operations in Guyana

OilNOW -
First published on NEWSNOW April 11, 2013. Spanish oil and gas company, Repsol could be months away from resuming drill operations offshore Guyana following the finalization of a new agreement with authorities. An official at the country’s Ministry of Natural Resources and...
Exploration

Expert says putting safety first in oil production is key

OilNOW -
While laying the foundation to realize its fortunes and becoming a hemispheric leader in the oil and gas industry, Guyana has also been listening keenly to the advice coming from experts in the field. Billy Joe Pellegrin, the Corporate Quality...
Exploration

Oil Finds: Guyana’s PM says country guarding against “sleaze, malfeasance”

OilNOW -
The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector. The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...
Discoveries

Oil Finds: Guyanese people need to benefit from resources

OilNOW -
The importance of Guyanese benefiting directly from what is believed to be significant commercial quantities of crude oil offshore the South American country is being emphasized by the head of a key entity representing the interest of the country’s...
News

Oil prices rise to one-month high

OilNOW -
The price for oil on the global market rose on Tuesday to an almost 1-month high with Brent futures increasing by US$1.05, or 2 percent, settling at US$54.17 per barrel. This increase comes on the heels of an unplanned production...
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World’s largest EV brand now in Guyana, adding momentum to vehicle transition

The world’s largest electric vehicle (EV) manufacturer, BYD, has officially entered the Guyanese market through GT Automotive, a move...

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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