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Exploration

Coronavirus pushes oil towards the abyss

OilNOW -
The crude oil market is staring into an abyss. The challenges are physical – dealing with extreme oversupply – and financial, with market participants from wellhead to forecourt under severe duress. Ann-Louise Hittle and Alan Gelder, who, respectively, lead...
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Guyana’s ‘niche product’ could help counter a bearish oil market – API Chief Economist

OilNOW -
Chief Economist at the American Petroleum Institute (API) Dr. Dean Foreman believes that Guyana’s oil economy is likely to withstand the current low-price environment triggered by the Russia-Saudi Arabia price war and now worsened by the COVID-19 global pandemic. “Guyana’s...
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US, UK warn of ‘serious consequences’ for those looking to ‘benefit from electoral fraud’ in Guyana

OilNOW -
The United States of America and the United Kingdom are stepping up their call for full transparency in Guyana’s March 2 election where to date a winner has not been declared. “The calls for a free, fair, credible election in...
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Global Witness ‘anti-oil agenda’ could cost Guyana billions in revenue– AMI Political Analyst

OilNOW -
A senior political analyst attached to Americas Market Intelligence (AMI) says the recently released Global Witness report on Guyana is the NGO’s attempt at spreading its anti-oil ideology and urged Guyanese to do their own fact-checking and come to...
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O&G pushing Guyanese companies to adopt international standards

OilNOW -
Nabi Construction Inc. the Guyanese partner in the Nabi/KCL Oilfield Construction Services joint venture is one of a number of local companies benefiting from knowledge transfer and capacity building initiatives that are helping these firms tap into opportunities in...
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International accounting firm opens shop in South America’s newest O&G hotspot

OilNOW -
Binder Dijker Otte, an international network of public accounting, tax, consulting and business advisory firms which perform professional services under the name of BDO, has announced the opening of its office in Guyana, the newest oil producing country on the...
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Liza crude will attract interest from refineries as far away as China – IHS Markit

OilNOW -
Refineries in the US Gulf of Mexico (USGC) and China are expected to take particular interest in the crude being produced in the South American country of Guyana which IHS Markit expects will be discounted by $2 relative to...
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Equipment operators being sought for ExxonMobil Guyana head office project

OilNOW -
Nabi/KCL Oilfield Construction Services Guyana has advertised for a number of construction equipment operator positions as it gears up to begin construction of the head office of ExxonMobil Guyana, operator at the 6.6 million acres Stabroek Block. The positions, totaling...
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ExxonMobil support for Iwokrama science programme will hit almost 1 million USD this year

OilNOW -
The Iwokrama International Centre for Rainforest Conservation and Development (IIC) has been able to relaunch its Science Programme and forge ahead with its development following substantial support from ExxonMobil Guyana which has so far seen more than half of...
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“Don’t spend money you don’t have’ warns oil expert

OilNOW -
Guyana, now poised to be the biggest per capita oil producer in the world in coming years, has a unique opportunity having now entered the oil and gas industry, to learn from the multitude of mistakes made by other...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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