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Vice News takes aim at South America’s newest oil producing nation

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A Vice News documentary episode, long anticipated by citizens of South America’s newest oil producing nation, Guyana, was finally released on Sunday, titled ‘Guyana for Sale’. It was so anticipated because, in February, the country’s Vice President, Dr. Bharrat Jagdeo,...
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‘World’s leading safety service provider’, RelyOn Nutec, coming to Guyana

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RelyON Nutec (MD), an offshore safety consultancy headquartered in Copenhagen, has decided to expand its presence in the region through a strategic partnership with the Guyanese-owned Atlantic Marine Supplies Incorporated. NL says it is the world's leading safety service...
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Guyana to make transformational leap towards decarbonisation with US$83.3M renewable energy project – IDB

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As efforts continue with the implementation of the Guyana Utility Scale Solar Photovoltaic Programme (GUYSOL), the country is poised for a transformational leap towards decarbonisation, says the Inter-American Development Bank (IDB). The financial institution noted on Friday that the GUYSOL programme will...
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‘Gas is free, pipeline to be paid for from cost oil’ – VP confirms

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As negotiations continue between the Guyana Government and ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) regarding the contractual terms to govern the Gas-to-Energy project, both parties have so far agreed that there will be no cost for...
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Eco-Atlantic abandons plan to acquire Canje Block partner JHI for $52M

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Eco (Atlantic) Oil and Gas Ltd. Announced on Tuesday that it decided against acquiring JHI Associates, a company with 17.5% ownership of Guyana’s Canje Block. Eco said that while all the main commercial points were agreed upon in keeping with...
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Guyana is number 17 for largest oil reserves in the world

OilNOW -
Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic conditions with existing technology. The new oil producing South American country of Guyana now has around 11 billion barrels of oil equivalent. These resources...
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Guyana mulls court action against companies trying to bypass local content laws

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Guyana’s Vice President Dr. Bharrat Jagdeo says the government is mulling court action against international firms which are trying to circumvent local content laws. “A lot of foreign companies are trying to beat the law,” the Vice President highlighted during...
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Petrobras hiking Brazil wholesale diesel price 14.3%, gasoline 5.2%

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(S&P Global Platts) Petrobras will raise wholesale diesel and gasoline prices, effective June 18, in the latest increase under the company's controversial import-parity pricing policy and the first adjustment since Brazil's Congress passed several measures aimed at reducing fuel...
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Guyana to seek int’l project manager for Gas-to-Energy Project

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo recently disclosed that the government intends to seek an international project manager for the construction of the power plant and natural gas liquids processing facility, the components of the Gas-to-Energy project it is...
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Market value of Guyana’s oil fund nearly three-quarter billion US dollars

OilNOW -
The market value of Guyana's oil fund is nearly three-quarter billion US dollars. According to the Guyana Central Bank’s 2022 first-quarter report for the Natural Resource Fund (NRF), the market value of the Fund at March 31, 2022 stood at GY$150.08...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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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