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Guyana says its energy use can increase fivefold by 2030 while emissions stay at 2018 levels

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Guyana’s infrastructure boom will see urban settlements undergoing significant expansion over the years. But what does this mean for the country’s carbon footprint? According to the government’s transition plan, outlined in the Low Carbon Development Strategy (LCDS) 2030, Guyana’s energy...
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All oil companies should be at forefront of making positive impacts in Guyana, says Hess

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CEO of Hess Corporation, John Hess, says his company is determined to play a lead role in fostering positive social development in Guyana. Speaking at a forum last week, he pointed out that all oil companies operating in the...
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Petrobras backtracks on sale of deepwater field

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Brazil’s state-owned Petrobras decided to end the divestment process for a sale of its entire stake in a Brazilian deepwater field - Albacora concession - to PRIO, formerly PetroRio, as both parties have failed to come to an amicable...
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‘Perfect storm’ could see Europe facing rolling blackouts as gas supply dwindles – Rystad Energy

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With tensions remaining high with its European neighbours, Russia has halted all gas exports through Nord Stream 1, the gas pipeline that supports the continent, for an indefinite period. While Russia exported close to 350 million cubic meters per day...
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Maersk drillship contract with Shell extended for works in US Gulf of Mexico

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Maersk Drilling has secured a contract extension with Shell for a 7th generation drillship, to carry out additional drilling services in the United States Gulf of Mexico once it concludes current works. Maersk said the contract extension is expected to...
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Guyana EPA mobilising to investigate oil leak, says head of agency

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Executive Director of the Environmental Protection Agency, Kemraj Parsram, said the agency is mobilising to visit the Liza Phase 2 offshore operations in order to conduct its own investigation of an oil leak that was detected on Friday. OilNOW understands...
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Oil-rich Guyana makes massive investments in agriculture to ensure self-sufficiency

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In keeping with its vision to bolster the non-oil economy, prevent overreliance on petroleum revenues, and ensure Guyana is self-sufficient, the government has remained diligent in the execution of key investments in agriculture for the first six months of...
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Repsol sells 25% stake in its upstream business to EIG for US$4.8 billion

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Repsol said it is partnering with United States multinational investor, EIG, in its upstream business, in a boost to its multi-energy transformation. EIG is set to acquire a 25% stake in Repsol’s upstream unit for US$4.8 billion. The transaction, approved...
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Solar, hydro power projects progressing at various population centers across Guyana – report

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Several solar and hydro power projects are progressing across Guyana. The country is targeting various population centers away from the city of Georgetown, for these projects which incrementally replace the country’s heavy fuel oil supply with renewables. Guyana’s 2022 mid-year...
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Quick response isolates oil leak at Liza Unity FPSO

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ExxonMobil Guyana said it initiated a quick response to a leak of approximately one barrel of crude from the Liza Unity floating production, storage and offloading (FPSO) vessel on Friday. The team had observed a sheen on the water in...
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ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge,...

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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