News

News

Asset Managing Giants hold talks with Guyana on being part of oil development

OilNOW -
Guyana’s remarkable oil developments have attracted the attention of Black Rock, the world’s largest asset manager, along with other American heavyweights like Bank of America. Top officials from these companies, as well as Hess Corporation, Capital Group, MFS Investment...
Exploration

Suriname’s deepwater bid round closed

OilNOW -
Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.  According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.  “We thank all...
News

Guyana oil fund closed May with US$1.57 billion

OilNOW -
Guyana’s fifth profit oil lift for the year was sold for GY$18.17 billion (approximately US$87 million). A Bank of Guyana report indicated payment for the sale of this lift represented the only inflow to the Natural Resource Fund (NRF)...
News

Just a few squeaky wheels calling for end to hydrocarbons, says Trinidad Energy Minister

OilNOW -
Stuart Young, Trinidad and Tobago's Minister of Energy and Energy Industries has argued in favour of a balanced approach to energy production, acknowledging the transition challenges to renewable energy sources and the essential role of hydrocarbon-based resources in the...
News

US$9.6M plaza to be built at Vreed-en-Hoop near to major port facility

OilNOW -
GUYCAN INVESTORS GROUP INC. plans to invest GY$2 billion (approximately US$9.6 million) for the development of a plaza complex called SPECTRUM. The complex, to be situated at 14 Coglan Dam, Vreed-en-Hoop, West Coast Demerara, will include a restaurant, supermarket,...
News

Private sector targets Canada on quest to strengthen Guyana passport

OilNOW -
The Canadian Government's announcement that it will grant visa-free access to eligible travellers from 13 countries has been met with applause and an appeal from Guyana. The Georgetown Chamber of Commerce & Industry (GCCI) has called upon Canada to...
News

MACORP to construct heavy-duty wharf in Guyana, boosting transportation infrastructure

OilNOW -
Machinery Corporation of Guyana (MACORP) plans to construct a heavy-duty wharf at Providence on the East Bank of Demerara, according to documents submitted for approval by the Environmental Protection Agency (EPA).  “MACORP is always seeking to better serve our customers...
News

Guyana gets most votes among nations elected to UN Security Council

OilNOW -
Guyana, the rising oil star in South America, has secured a seat on the United Nations Security Council for the period 2024-2025. Guyana was elected as a non-permanent member of the UN Security Council, alongside Algeria, Republic of Korea,...
News

Facility with 25-tonne overhead cranes capable of docking three ships simultaneously for East Bank corridor

OilNOW -
Diamond Property Management, Inc. (DPM)/ Diamond Shorebase Inc (DSB) has eyed the construction of a new dock facility at Friendship, on Guyana’s East Bank corridor, in response to the increasing demand for port infrastructure as the country’s oil sector...
News

Environment body grants Ramps Logistics EIA exemption for US$5M apartment complex for oil sector

OilNOW -
Ramps Logistics Guyana is pursuing the development of a US$5 million luxury apartment in the South American country in response to the housing demand brought on by the budding oil sector. The country’s Environmental Protection Agency (EPA) has said no Environmental...
1...282283284...1,037Page 283 of 1,037

Latest News

NewsKemol King -

UPDATED: A guide to Guyana’s Gas-to-Energy project

Editor's note: This article was updated on November 25, 2025. It was first published on December 29, 2024. The...

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.

Quick Access

Company Info

Social Networks