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US$100M to be invested in international oil and gas institute – Guyana President

OilNOW -
Upskilling Guyanese to adequately service Guyana’s massively expanding oil and gas sector is a priority of the Dr. Mohamed Irfaan Ali-led government. In seeking to achieve this goal, President Ali announced Thursday that over US$100 million will be invested...
News

Exxon selling Canada assets for US$1.47 billion

OilNOW -
ExxonMobil said it will be selling Canada assets later this year for a total cash consideration US$1.47 billion. Exxon’s affiliates in Canada, Imperial Oil and ExxonMobil Canada, entered into an agreement with Whitecap Resources Inc. for the sale of XTO...
News

Refiners eye Guyana, Azerbaijan, Gabon for supplies

OilNOW -
India is facing severe pressure from triple-digit oil prices and a rising import bill which is prompting one of the world’s top three largest oil importers to look beyond traditional exporting regions, such as the Middle East, for term...
Opinions

To form or not to form: Guyana’s dilemma in establishing a National Oil Company (NOC)

OilNOW -
By Cristina Caus and Jerry Haar – OilNOW Since its oil discoveries in 2015, Guyana has been contemplating the formation of a national oil company. Its dilemma “to form or not to form” (to borrow from Hamlet's soliloquy) must be...
News

Guyana to resume national climate resilience strategy this year

OilNOW -
When Guyana first earned money for the conservation of its forests, it was determined to make sure the proceeds promote the same climate consciousness that sprouted the Guyana-Norway Partnership. So, it used the resources to compile a Climate Resilience Strategy...
News

Ramps says will meet Local Content Secretariat’s reasonable demands

OilNOW -
Ramps Logistics says it will accede to document requests made by the Local Content Secretariat, in its bid to be placed on Guyana’s Local Content Register. It said this in a statement after receiving a letter from the Secretariat’s Director,...
Exploration

Massive 30 billion barrels of oil now estimated offshore Suriname – Staatsolie VP

Shikema Dey -
Paramaribo, Suriname – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels. But that number is merely a tiny fraction of what is believed to be held...
News

Oil finds in Guyana, Suriname position countries to become “new force” in global energy sector

Shikema Dey -
Paramaribo, Suriname – Over the last two years, South American neighbours – Guyana and Suriname have been foisted into the limelight due to the exciting oil and gas discoveries being made in both offshore territories. To date, Guyana’s proven oil and...
News

Saipem awarded US$1.2B in Middle East contracts

OilNOW -
Saipem says it was awarded several contracts for operations in the Middle East, totaling some US$1.25 billion. It did not name the clients. The first group of contracts concerns extending onshore drilling contracts in the Middle East. They are worth...
News

Suriname has ‘proud track record’ honouring contracts – oil Minister

OilNOW -
Minister of Natural Resources for Suriname, David Abiamofo, said the nation is extremely proud of its track record in honouring contracts, including production sharing contracts. He made the comment during an interview with energy analyst from Americas Market Intelligence Arthur...
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Chevron secures prized stake in Guyana oil block with arbitration win against Exxon

Chevron has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalize its US$53 billion acquisition of...

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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