News

Bayphase Ltd. wins contract to review FDP for Exxon’s US$9 billion Yellowtail project

With the second-lowest bid totalling US$423,360, Bayphase Ltd. which is headquartered in the United Kingdom has successfully beaten more than 10 companies for the contract to review the Field Development Plan (FDP) for ExxonMobil's fourth project in Guyana, Yellowtail. This...

Nine-member delegation of British investors looking to expand into Guyana

Over the next four days, a nine-member British Trade Mission Delegation will be in Guyana scouting opportunities for investment in the country’s lucrative market. The British High Commission in a statement on Monday said that the potential investors are set...

Suriname lining up with Guyana to advance deepwater development this year

Suriname lies down-dip of the prolific reservoirs in neighbouring Guyana. The country has seen a gradual build-up of exploration activity since ExxonMobil’s first discovery across the border at Liza-1 in 2015. Majors such as Shell, ExxonMobil and TotalEnergies have farmed...

Champion of the Earth, Mia Mottley among top speakers for next weeks’ energy conference

Prime Minister of Barbados and recipient of the 2021 Champions of the Earth Award Mia Mottley is expected to be one of the most highly anticipated speakers headlining the International Energy Conference and Expo-2022 which will be held from...

Saudi Arabia jacks up oil prices after crude surges towards $95

(Bloomberg) — Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased all grades for its main market of Asia in March. The company...

Plans for new urban centre outside Georgetown progressing; utility companies being engaged

Development works on Silica City – a vibrant, sustainable, resilient and modern city conceptualized in 2013 – is advancing with consultations ongoing with utility companies to coordinate the development of their infrastructure. Sharing this news is Guyana’s Minister of...

Statement from Guyana government on the process to appoint new GYEITI head

The Guyana government said in a statement on Saturday it remains committed to transparency in the extractives sector and followed all procedures in the process of appointing a new Head of the GYEITI Secretariat. See full statement below. AFC’s Dr....

Countries get stuck with huge expenditures when oil money runs out; Guyana guarding against this – VP

The Government of Guyana intends to use the first withdrawal from its Natural Resource Fund to help finance its country’s infrastructural transformation and is pushing back against opposition calls to steeply hike public servants’ salaries. “If you spend on the...

Gov’t awaiting CGX Kawa-1 appraisal results, lauds recent announcement – Bharrat

Guyana’s Minister of Natural Resources, Vickram Bharrat recently told OilNOW that his ministry welcomes the positive announcement at the Kawa-1 well which was made by CGX Energy Inc. and Frontera Energy Corporation in the Corentyne Block. He was keen...

Oil pushing rush for Guyanese citizenship but government being cautious – Vice President

With massive developments set to take place in the energy sector, specifically as it relates to the multi-billion-US dollar oil and gas subsector, there has been a rush for documentation for Guyanese citizenship says Vice President, Dr. Bharrat Jagdeo. In light of this...

Latest News

Ali in fiery exchange with BBC journalist about Guyana’s oil

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Shakur, on the sidelines...