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Burgeoning real estate industry attracts US giant, Keller Williams, to Guyana’s shores

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Said to be the largest real estate franchise in the world, the US franchise Keller Williams (KW) has announced its decision to expand into Guyana. Already serving more than 50 countries outside of its main operations in the United States...
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Guyana on track to become second largest deepwater producer in the world, says Rystad Energy

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Authorities in Guyana say the country is committed to supporting an aggressive exploration and production programme off of its coast since it sees revenues coming in from the oil and gas sector as playing a key role in the...
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Oil jumps again, as EU considers Russian embargo

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(Reuters) - Oil prices jumped more than $3 on Monday, with Brent crude climbing above $111 a barrel, as European Union nations considered joining the United States in a Russian oil embargo and after a weekend attack on Saudi...
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Global energy markets could be facing the biggest supply crisis in decades – IEA

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As a result of surging oil prices following the Russia-Ukraine crisis, global energy markets are now facing what could turn out to be the biggest supply crisis in decades, said the International Energy Agency (IEA) on Monday. While it is...
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City businessman urges compromise from environmentalists, in favour of Guyana’s development

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Guyana has a tremendous record in environmental protection due to State policies and the ecosystem and carbon sequestration services that its forests provide. Considering this, Georgetown businessman, Timothy Tucker, is urging hardline environmentalists to exercise compromise for the benefit...
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High oil prices will last for a while, says John Kerry

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(S&P Global Platts) Multiyear highs of crude oil and natural gas prices are a price of standing up to Russia for its ongoing war in Ukraine, John Kerry, US special presidential envoy for climate, said March 7 at CERAWeek...
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Guyana will be one of the main drivers of liquid supplies growth this year, says OPEC

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Liquids supply growth outside of the Organization of Petroleum Exporting Countries (OPEC) in 2021 remained broadly unchanged at around 0.6 million barrels per day (mb/d) year-on-year (y-o-y). The 2021 oil supply estimation primarily sees growth in Canada, Russia, the US...
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Local Content Secretariat inviting stakeholders to report grievances

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In seeking to understand the concerns of stakeholders when it comes to local content, Guyana’s recently established Local Content Secretariat has developed a grievance redress mechanism. Found on the website of the Secretariat, it is highlighted that the input...
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Saipem bags US$325 million contract for drilling campaign offshore Norway

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Saipem has been awarded a contract by Aker BP for a drilling campaign offshore Norway. The operations are expected to start from the end of Q4 2022, upon termination of the works in which Scarabeo 8 is currently engaged. Scarabeo...
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Halliburton suspends future business in Russia

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Oil field service company Halliburton announced on Friday that has immediately suspended future business in Russia as the company complies with sanctions that prohibit transactions and work, including for certain state-owned Russian customers. Halliburton said it will prioritize safety and...
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Platts to launch tanker assessments for growing Guyana crude flows to Europe 

Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1...

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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