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Rubio among those criticizing Biden administration over Venezuela visit

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When senior officials from the Joe Biden administration -- including the National Security Council's director for the Western Hemisphere, Juan Gonzalez, and the US special presidential envoy for hostage affairs, Roger Carstens -- were dispatched to Caracas over the...
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Guyana now facing real possibility of US$200 million per oil lift

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Between December 2019 when oil production started in Guyana, and the end of 2021, the country had received around US$608 million from a total of 9 oil lifts averaging 1 million barrels each, and royalty payments. But what Guyana...
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Economist says refinery for Guyana should be considered as oil prices skyrocket

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With the oil price at an all-time high and set to go even higher, Richard Rambarran, a lecturer of economics at the University of Guyana, Tuesday urged Guyana to consider establishing a modular refinery to meet at least its...
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Guyana to benefit most from rising oil price in Latin America region – AMI analysis

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Americas Market Intelligence (AMI) expects Guyana to benefit most from the rising oil price in 2022, compared to its neighbours in Latin America. The Latin American business intelligence and research firm recently released its Latin America Energy Sector 2022: The Good,...
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800 women supporting Exxon’s activities in Guyana

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ExxonMobil said in a statement commemorating International Women’s Day on Tuesday that 800 women are supporting its activities in Guyana. The U.S. oil major has found over 10 billion barrels of oil equivalent in the South American country since...
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Maduro says Venezuela and U.S. have agreed to work on ‘issues of interest’

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(AP) — Venezuela President Nicolás Maduro signaled an interest in improving relations with the U.S. following weekend talks with high-level American officials prompted in part by Russia’s invasion of Ukraine and concerns of rising gas prices in the U.S. Maduro,...
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Guyana submits memorial in Venezuela border case to World Court

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Guyana announced on Tuesday that it made a submission to the International Court of Justice (ICJ) in its border controversy with Venezuela. The submission is its memorial on the merits of its case - the Arbitral Award of 1899...
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Exxon to submit environment plans for major 24-well campaign across two blocks

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ExxonMobil Guyana will be moving to submit Environmental Management Plans for its proposed Exploration and Appraisal (E&A) Drilling Program that will see the company targeting 12 wells each across the Canje and Kaieteur Blocks. The company had submitted an application...
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High oil price wolfing down Guyana’s electricity budget, situation unsustainable, says power company

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Guyana’s Natural Resource Fund may receive a windfall from the current record high oil prices, but the rising prices are beginning to affect the country’s pockets in other ways. Guyana Power & Light Inc. (GPL), the country’s electricity provider, shared...
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Oil skyrockets to 14-year high

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(Reuters) - Officials from the Organization of the Petroleum Exporting Countries (OPEC) met U.S. shale oil company executives on the sidelines of the CERAWeek conference in Houston on Monday as energy prices soared over supply concerns. It was at least...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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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