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APA shares fall 4% after encountering water-bearing reservoirs offshore Suriname

OilNOW -
APA corporation, an affiliate of Apache Corporation, said it encountered water-bearing reservoirs at Rasper well in the northwestern area of Suriname’s Block 53. “The well encountered water bearing reservoirs in the Campanian and Santonian intervals, evaluation of the open hole well...
Exploration

Guyana oil could help meet global demand for next 20-30 years

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Even as the world transitions to renewable energy, demand for fossil fuels will remain robust over the next 20-30 years. Guyana’s low cost, low carbon barrels are best positioned to meet this demand and the South American country has...
Exploration

T&T intent on ramping up natural gas production to highest levels possible

OilNOW -
While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...
News

TotalEnergies to partner with QatarEnergy for world’s largest LNG project

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Following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded a 25% interest in a new joint venture (JV), alongside national company QatarEnergy (75%). The...
News

Ali says T&T must be part of the solution to declining natural gas reserves in North America

OilNOW -
Against the backdrop of a decline in proven natural gas reserves in North America, Guyana's President, Dr. Mohamed Irfaan Ali is advocating for Trinidad and Tobago’s gas reserves to be part of the solution. The Head of State made...
News

World Bank approves US$44M to boost human capital in Guyana as demand for skilled labour increases

OilNOW -
The World Bank’s latest economic assessment has found that the new oil producing country of Guyana is experiencing an increasingly serious shortfall in its labour market, as training offerings have not adapted to the emerging needs of the economy. The...
News

Guyana on track for optimal use of oil windfall in energy transition – IDB Report

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The Inter-American Development Bank (IDB), one of Guyana’s key development partners, has praised local authorities for their unfailing commitment to devise a pragmatic and comprehensive plan for using oil resources to fuel a greener economy. In one of its loan...
News

New oil producing nation pushes for architectural transformation with upcoming building expo

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Guyana is expecting more than 150 international and local companies to participate in the International Building Expo, set to take place July 22-24 at the National Stadium, Providence, East Bank Demerara. The expo will create an opportunity for local, regional,...
News

Guyana saves US$2.3M in annual energy costs since gov’t buildings switched to solar – GEA Head

OilNOW -
The Guyana Energy Agency (GEA), led by Dr. Mahender Sharma, embarked on a nationwide project in 2017 to help government buildings transition to solar power. That campaign evolved well into 2022, and according to Dr. Sharma, Guyana has been able...
Opinions

Guyana: Gas-to-Energy Implications

OilNOW -
By Dr. Justin Ram - OilNOW Guyana's gross domestic product (GDP) per capita is expected to increase from US$6,953 per capita in 2020 to US$15,153 per capita in 2023. Based on the available data, the country could become the world’s...
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Key facts about Chevron, the latest oil heavyweight in Guyana’s Stabroek Block 

Chevron Corporation has officially stepped into Guyana’s energy landscape through its recent acquisition of Hess Corporation, one of the...

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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