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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...
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...
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...
News

Guyana oil development bringing new discoveries of wildlife

OilNOW -
Exploration activities offshore South America’s lone English-speaking country – Guyana - have so far unearthed billions of barrels of crude. The environmental studies being conducted for the development of these oil fields are also discovering something else - new...

GIPEX 2019

OilNOW -
THE GATEWAY TO A GOLDEN FUTURE GIPEX 2019 will provide immense opportunities for companies across North and South America, Europe, Africa and Asia. Many well-established companies from the oil & gas sector have already shown their interest and made their...
News

Guyana could avert Dutch Disease with sound economic plan

OilNOW -
Warning bells have been ringing in the South American country of Guyana ever since ExxonMobil made its first world class discovery at the Liza field back in 2015. With every discovery since then – 14 to date by Exxon...
News

Bourbon supply vessel en route to Guyana sinks; 3 crew members rescued

OilNOW -
Following search operations of tug supply vessel Bourbon Rhode which started on September 26, the mobilized rescue teams have recovered a lifeboat with 3 crew members on board, the lifeboat having been identified by a Falcon 50 especially equipped...
Opinions

Policy considerations for the licencing arrangements of Guyana offshore blocks

Bobby Gossai, Jr. -
To maximize the potential national benefits appropriate licensing, taxation, depletion and pricing policies are required. Given the high degree of geological uncertainty in the early years, some use of the discretionary licensing system to award acreage was appropriate, but...
Exploration

Mid-Atlantic Oil & Gas among those supporting QC Alumni Math Camp

OilNOW -
Junior partner in the Canje block offshore Guyana, Mid-Atlantic Oil & Gas, is one of several companies supporting the Queen’s College of Guyana Alumni Association (NY), Inc. (QCAANY) 2019 Math Institute Summer Camp. For the fourth consecutive year, QCAANY will...
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office 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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