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Guyana Labour Minister encourages oil sector to utilise new job bank

OilNOW -
Guyana’s labour Ministry launched a national job bank online on Friday to connect the unemployed with jobs across the country. Subject minister, Joseph Hamilton, said during the launch ceremony that the government wants companies in the oil and gas sector to...
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Guyana received GY$23 billion in profit oil, royalty as of Feb. 2022

OilNOW -
As of February 28, 2022, Guyana’s Natural Resource Fund (NRF) received GY$23B in profit oil inclusive of royalty payments from Q4 2021. Bank of Guyana records show that for January 2022 the royalties collected totaled, GY$3,354,340,000 while profit oil payments...
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Oil surges towards $130 as US, European allies consider banning Russian imports

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(Reuters) - Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian oil. Talks to revive...
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Attacks on Ukraine’s biggest nuclear plant push oil up

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(S&P Global Platts) Crude oil futures traded higher in mid-morning Asian trade March 4, after Russia attacked Ukraine's largest nuclear plant in Zaporozhe, raising the risk for more sanctions against Russia. At 11:45 am Singapore time (0345 GMT), the May...
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Norway group warns war in Ukraine could wipe out 1 million barrels per day of oil demand

OilNOW -
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, Rystad Energy said in new research released on Wednesday. “The human and material costs of the...
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Oil soars as sanctions pile up on Russia over Ukraine invasion

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(Reuters) - Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.16, or 4.3%,...
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Above ground risks pose biggest threat to success of oil nations, Guyana on right path – Bob Dudley

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Most of the challenges faced by oil and gas producing countries are those that lie above the ground in the form of policy decisions being made by the host nation. One expert says this will be the biggest challenge...
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Oil dips after soaring on Russia’s invasion of Ukraine

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(Reuters) - Oil prices slipped Friday after sharp rises early in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia. The April Brent crude futures contract fell $1.15, or 1.2%, to settle at...
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Guyana beats out regional oil players, Brazil, Argentina in competitiveness – IHS Markit

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Business intelligence firm, IHS Markit, has assessed Guyana as the 10th most competitive exploration and production jurisdiction in its Petroleum Economics and Policy Solutions (PEPS) analysis. “Guyana today is in a competitive position… and I hasten to add, ahead of...
News

Oil headed for weekly fall

OilNOW -
(Reuters) - Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion...
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Promises for oil & gas unveiled as Guyana’s landmark elections now just days away  

Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C)...

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