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Guyana to be only country in region with critical oil spill capping equipment on hand – Bharrat

OilNOW -
A key provision in ExxonMobil’s permit for the massive Yellowtail project offshore Guyana requires the company to have a capping stack maintained, tested, and stored in country. And this, according to Minister of Natural Resources, Vickram Bharrat, would make...
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Guyana’s emissions intensity outperforming 75% of global oil & gas producing assets

OilNOW -
Rystad Energy’s Senior Vice President and Head of Latin America and the Caribbean, Schreiner Parker, said the emissions intensity from Guyana’s offshore operations is among the best performing in the world. He said it is outpacing 75% of global oil...
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Lending from banks increase as confidence in Guyana economy now at all-time high

OilNOW -
The South American nation of Guyana has been benefitting from an influx of foreign and local investments in traditional and newer sectors. As a direct effect, an economic boom is currently underway, propelled by massive oil and gas resources...
Exploration

TotalEnergies starts production at Ikike field off Nigeria coast

OilNOW -
TotalEnergies said Monday it started production at the Ikike field, 20 kilometers (km) off the coast of Nigeria. The Ikiken platform meets a depth of about 20 meters and is tied back to the existing Amenam offshore facilities through...
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‘Venezuela aggression against Guyana a threat to entire continent’ – PM tells union

OilNOW -
Guyana's Prime Minister is working to rally support in the region against Venezuela's claim on its territory. In his address to the Presidential Forum for the Progress and Integration of South America (PROSUR) Summit, Phillips told the union that the...
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The main shore base behind Guyana’s massive oil discoveries has seen tremendous growth

OilNOW -
ExxonMobil’s massive oil discoveries in Guyana led to the creation of the Guyana Shore Base Inc. (GYSBI) back in 2017 to service the rapidly increasing operations offshore. It was the brainchild of four companies – Muneshwer's Limited, TOTALTEC Oilfield Services,...
Exploration

Guyana among potential ‘energy super basins’ of the world – WoodMac

OilNOW -
With the energy transition in full swing, emphasis is being placed on making the global upstream industry more sustainable. To do this, the focus has to be on abundant oil and gas resources in locations with access to low-cost...
News

South Korea keen on Brazil’s Tupi crude – Platts

OilNOW -
(S&P Global Platts) Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades' cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade...
News

Major transformational plan unveiled in country with world’s 17th largest oil reserves

OilNOW -
As Guyana continues to expeditiously develop its hydrocarbon resources, the government wants to ensure that it builds a framework that supports economic transformation taking place in the new oil producing country. Against this backdrop, President Dr. Mohamed Irfaan Ali...
News

Hotel business booming in world’s fastest growing economy

OilNOW -
Hospitality is one of the fastest growing sectors in Guyana. One businessman, Robert Badal, recently said that the Guyanese public hears an announcement of a new hotel project every week. In the span of just four days this past week,...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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