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G20’s failure to reach consensus on phasing out fossil fuels leaves COP28 at risk of failure – VP Jagdeo

The recent G20 meeting in India concluded without leaders reaching a consensus on two crucial issues: phasing out fossil fuels and fulfilling the US$100 billion per year promise to support climate adaptation and mitigation in developing countries. This failure...

Guyana’s first private solar farm planned for Loo Creek

Caiman Industries, Environmental (CIE) is planning to develop a 5.8 MW solar farm. The project marks what would be the first instance of a private developer embarking on a such a project in Guyana, with all other solar farms...

Attempts being made to destabilise Petrobras top management, says CEO Prates

Chief Executive Officer Jean Paul Prates of Brazil's oil giant Petrobras stated on Sunday that the company endured a week-long onslaught of a "rampant" but "ineffective" campaign aimed at destabilising its current management. “One of the many tricks that we...

Touchstone advances Cascadura construction and Royston-1X testing

Touchstone Exploration Inc. has shared updates on the construction of the Cascadura facility and the ongoing Royston-1X production testing. These are the company's key projects on the Ortoire block, located onshore in the Republic of Trinidad and Tobago. In the...

Sunak faces backlash as government pushes for new oil and gas licences to tackle energy crisis

Hundreds of new oil and gas licences will be doled out in the UK, Prime Minister Rishi Sunak announced on July 31, sparking ire from environmentalists in the face of growing climate concerns.  Sunak in a brief statement said “Now,...

Secretary Blinken’s Visit To Guyana Marks A Turning Point

By Riyad Insanally - OilNOW   Secretary of State Antony Blinken’s visit to Guyana on July 6 was significant for many reasons. Following so closely on former Secretary Mike Pompeo’s visit in September 2020, the first ever by an American Secretary...

El Dorado Offshore and New Amsterdam Technical Institute in new workforce development deal

In a move to enhance the technical workforce in Guyana, El Dorado Offshore (EDO) and the New Amsterdam Technical Institute (NATI) have signed a Memorandum of Understanding (MOU). This strategic partnership will center around offering technical education and career...

Guyana business group, UN sign declaration to foster social and economic development

The Georgetown Chamber of Commerce and Industry (GCCI) and the United Nations on July 29 signed a Declaration to foster social and economic development, at the conclusion of National Small Business Week. The Declaration was signed by GCCI’s President, Mr....

Advantaged projects in Guyana, Permian delivered record production in Q2 2023 – Exxon’s CFO

ExxonMobil Corporation’s Senior Vice President, Kathy Mikells revealed on Friday that the company’s advantaged projects in Guyana and the Permian Basin in the U.S., delivered strong volume contributions for the 2023 second quarter.  During her outline of Exxon’s Upstream business,...

At COP28, developing countries’ right to economic prosperity with hydrocarbons must be heard – Hess CEO

At the 2023 United Nations Climate Change Conference of the Parties (COP 28) set to be held in Dubai later this year, developing countries’ right to economic prosperity with their hydrocarbon resources must not be swept under the proverbial...

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MODEC profit rises 78% as demand stays firm for ultra-deepwater FPSO projects

MODEC reported a 78.2% increase in profit for the first quarter of 2026, supported by steady progress on floating...