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O&G pushing transportation demand: Cyril Taxi moves from 1 to 133 drivers

OilNOW -
The spin-off benefits from oil and gas are growing in the South American country of Guyana where a taxi service which has been in operation for over a decade started providing transportation services to the oil and gas industry...
News

Liza Crude could break into US Gulf Coast, European markets – S&P Global

OilNOW -
With an API of 32.1 degrees and sulfur content of 0.510 percent, the crude now being produced at the Liza Phase 1 Development offshore Guyana could see interest from buyers on the US Gulf Coast and those in locations...
News

‘Green’ Christmas pageant provokes Canada oil worker outrage

OilNOW -
(France 24) In a Canadian oil industry town, schoolchildren singing about Santa's sleigh going electric and images of Rudolph the reindeer with a fluorescent bulb for a nose has provoked a backlash. Parents who work in Canada's struggling oil sector...
News

Liza Destiny FPSO formally on hire as Guyana set to become significant oil producer

OilNOW -
Dutch floater specialist SBM Offshore said on Monday it stands ready to play a key role in making a contribution towards the South American country of Guyana becoming a significant oil producer as it generates value for ExxonMobil in...
News

Not enough to expect “rising tide will lift all ships” – Guyanese Economist

OilNOW -
As Guyana is now on the verge of becoming an oil producer resulting in billions of dollars in revenue flowing to the state in coming years, an economist is warning that it is not enough to merely expect that...
News

Adjustment in policies, enabling business environment for Guyanese necessary – fmr. Jamaican PM

OilNOW -
As Guyana swiftly approaches first oil, which is expected next month, former Prime Minister of Jamaica, Portia Simpson-Miller, is warning that certain adjustments need to be made as the South American country prepares for the anticipated windfall. She expressed these...
Exploration

Tullow’s final drill target at Orinduik crucial to campaign

OilNOW -
(Petroleum Economist) The final drilling target of the year for Anglo-Irish independent Tullow has become more pivotal following the company’s revelation that crude from its offshore Guyana discoveries is heavier and more sulphurous than expected. Tullow’s share price had been...
News

‘It’s not just about monies earned but knowledge transferred, technology shared’ – Dr. Bynoe

OilNOW -
While the South American country of Guyana is set to earn billions of US dollars from development of its oil resources in the coming years, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe says the full...
Opinions

Spending limits, stabalisation and endowment funds for Guyana’s petroleum revenues

Bobby Gossai, Jr. -
An oil account can serve a number of purposes. It could be a mechanism for monitoring oil financial flows, a stabilisation fund to take account of fluctuating oil prices, or a savings device to establish a permanent fund to...
News

Hundreds flock to oil and gas job fair in Guyana as industry preps for take off

OilNOW -
Hundreds of Guyanese flocked to a job fair on Thursday organized by El Dorado Offshore (EDO), one of the companies in the South American country providing human resource services to the emerging oil and gas industry. The event, the second...
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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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