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Greenidge cautions Venezuela: An attack on Guyana’s EEZ is an attack on U.S. assets  

OilNOW -
Carl Greenidge, Guyana’s agent in the International Court of Justice (ICJ) case on the border controversy with Venezuela, has raised concerns about the increasing risks of conflict if Caracas increases its activities in Guyana’s exclusive economic zone (EEZ). Speaking to...
News

Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

OilNOW -
The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out US$400 million (GY$83.4 billion) to support the national budget, 60% more than the US$250 million (GY$52.1 billion) withdrawn during the...
News

Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Shikema Dey -
Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The International Court of Justice (ICJ) issued a binding order prohibiting any actions that could alter the status quo pending a...
News

Guyana’s oil boom being managed with deliberate and prudent policy, says Economist Richard Rambarran

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Concerns about economic overheating in oil-rich Guyana were addressed head-on by economist Richard Rambarran last week at the Offshore Technology Conference. He credits strong fiscal discipline and targeted investments with keeping inflation low and macroeconomic fundamentals stable. “Overheating refers to...
News

Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

OilNOW -
Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for the first time since offshore production began in 2019, even as overall output continues to rise, according to the International...
News

Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

OilNOW -
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil sector between the second quarter (Q2) of 2025 and 2027. According to the Commission, the investment will focus on revitalizing...
Opinions

Guyana’s AI Future: How First Oil is Fueling a Rising Digital Doctrine 

OilNOW -
Guyana is emerging as a rare alignment zone—a geographic and technological triangle where energy intensive data centers, dispatchable low-carbon power, and carbon capture can coexist. This trifecta gives Guyana something few nations have: reliable and increased natural gas feedstock...
News

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

OilNOW -
Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil company Staatsolie revealed in its recent annual report. The production vessel is expected to deliver first oil in 2028. GranMorgu marks...
News

Hess spent most of its Q1 2025 capital budget on Guyana

OilNOW -
Hess Corporation directed the majority of its capital and exploratory expenditures in the first quarter of 2025 to operations in Guyana, as the country continues to grow in importance to the company’s portfolio. The U.S. oil producer reported that it...
News

GAIMMS Guyana launches first welding and fabrication workshop to train locals for energy sector

OilNOW -
GAIMMS Guyana launched its first Welding and Fabrication Workshop aimed at equipping local apprentices with global-standard skills for the energy sector. The program combines classroom learning with hands-on industrial training. It is designed to mirror real-world practices used on major...
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Latest News

NewsShikema Dey -

Irfaan Ali charts oil-fueled, sustainable future as Guyana’s ninth President

Flanked by First Lady Arya Ali and their son Zayd, Irfaan Ali was sworn in on Sunday as Guyana’s...

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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