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Trump blocks Exxon from drilling for oil in Russia

OilNOW -
(CNN) The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia. "The Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," Treasury Secretary Steven...
News

Guyana to establish national oil company by 2018, petroleum institute in 2020

OilNOW -
Major plans are being put in place in preparation for oil production in the South American nation of Guyana where recent large discoveries of high quality crude were made 120 miles offshore. The country’s natural resources minister, Raphael Trotman,...
Discoveries

Exxon to carry out exploratory work in newly acquired Kaieteur block, drilling to begin at Liza-4 well

OilNOW -
US oil major ExxonMobil will soon begin preliminary exploration work in the Kaieteur block, an area adjacent to the Stabroek block offshore Guyana, which the company recently acquired. Drilling will also commence at the Liza-4 well in the eastern...
Featured

Certified welders, other skilled workers will be needed as Guyana becomes major oil producer

OilNOW -
Beefing up education institutions in preparation for oil production which is set to begin by 2020 is critical if Guyanese are to benefit from direct employment opportunities in the emerging oil and gas sector. This is the view of...
Exploration

Exxon forges ahead with plans for second FPSO in Guyana

OilNOW -
Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this second vessel will be bigger than the first, and is earmarked for the Liza development,...
Discoveries

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...
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President signs Guyana’s Oil Spill Bill into law

Guyana’s President Irfaan Ali has enacted a comprehensive oil spill law which sets out a national framework for oil...

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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