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Guyana is undergoing a transformation that will in the next five years, make it unrecognisable. This transformation has been deemed the dawn of a modern Guyana, according to the South American nation’s Minister of Finance, Dr. Ashni Singh. Billions in...

By Kevin Ramnarine – OilNOW Guyana's decision to legislate for local content in its oil and gas industry has been the source of debate in Guyana and in T&T. At the heart of the issue is the value captured or...

As Guyana nears a decision on whether to form a national oil company (NOC), it is looking to mitigate risks historically associated with some NOCs such as corruption. To this end, government wants to ensure it does not create...

As 2022 enters the mid-year point, ExxonMobil has already added over 1 billion fresh barrels of oil equivalent (boe) resources at Stabroek Block, placing Guyana at number two in the world for largest discovered volumes since 2015. Norway-based Rystad Energy...

Executive Director of the Environmental Protection Agency (EPA), Kemraj Parsram has confirmed that the Liza Phase 1 Permit which comes to an end on May 31, 2022, with another to be issued by June 1, 2022 with a five-year...

Crude oil futures were higher on Monday, with the ICE Brent crude marker on track for an eighth straight day of gains. Reuters said in a report that prices rose to two-month highs on Monday as traders waited to see...

Shell Australia Pty Ltd (Shell Australia) and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Shell said on Monday...

To date, ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has flared 17.7B cubic feet of gas via the Liza Destiny floating production, storage and offloading (FPSO) vessel with 1.5B cubic feet flared thus far for 2022. As regards...

Chairman and Chief Executive Officer (CEO) of ExxonMobil, Darren Woods has highlighted that the oil giant is on a strong trajectory to meet the future energy demands of the world with Guyana remaining one of the key drivers of...

Guyana is exploring the establishment of a national oil company (NOC) to develop its oil and gas resources and some critics have opined that the South American nation should not head down this route. But one local financial analyst is of the view...