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Venezuela’s Opposition proposes overhaul of energy sector to entice international oil companies

OilNOW -
Venezuela's opposition has drafted a proposal to reform the country’s energy sector, aiming to attract international oil companies and increase pressure on President Nicolás Maduro, Reuters reported this week. The reform plan aims to gain support from U.S. oil...
Energy Insights

New lawsuit claims that the Government of Guyana’s management of the Natural Resource Fund is unlawful and unconstitutional

Chevy Devonish -
A local businessman has filed a lawsuit challenging the Government of Guyana’s (GoG) management of the Natural Resource Fund (the Fund) established under the Natural Resource Fund Act 2021 (the NRFA 2021).  The first hearing is scheduled for Monday, 17th...
Opinions

Letter-to-the-Editor: Commendable approach by UG as career fair presents vast opportunities for job seekers 

OilNOW -
Dear Editor,  While job security and employment opportunities are important for the country’s economy to grow, job seekers must be gainfully informed about the steps needed to secure their spot at companies.  I commend the University of Guyana for its approach...
News

Guyana’s oil boom could surpass Mexico’s declining sector by 2030

OilNOW -
The global oil industry is changing, with Guyana's production rising quickly while Mexico's output declines. This is according to Adrian Duhalt, a fellow at the Texas-Mexico Center at the Southern Methodist University, who pointed out their contrasting paths. “Guyana’s oil...
News

Guyana’s energy boom could fuel AI revolution, says industry expert

OilNOW -
Guyana’s economic growth and expanding energy sector present a major opportunity to embrace artificial intelligence (AI) and data mining. Industry expert Aly Orady, Founder and Chief Technology Officer at Tonal, believes the country has a strategic advantage due to...
News

G7 coalition backs Guyana in Venezuela border row

OilNOW -
The Group of Seven (G7), a powerful coalition of the world’s most advanced economies, has defended Guyana’s internationally recognized sovereign rights. This comes in the wake of a Venezuelan naval incursion into the South American nation’s exclusive economic zone...
News

Guyana’s ‘advantaged barrels’ give it a competitive edge – Wood Mackenzie 

OilNOW -
Guyana’s oil production stands out globally due to its low costs and low carbon emissions, making it a key player in the future energy mix, according to Ignacio Rooney, Senior Director at Wood Mackenzie’s Upstream Consulting and Carbon Management...
News

SBM Offshore and Microsoft partner on AI-powered floating power solutions

OilNOW -
SBM Offshore has announced a global collaboration with Microsoft to develop AI-powered floating power solutions. The partnership aims to deliver standardized, carbon-free electricity to meet the increasing demand for reliable and affordable energy. The collaboration will integrate Microsoft’s AI, cloud...
News

“Put Guyana on your radar” – Ali tells CERAWeek investors 

OilNOW -
Guyana’s President, Dr. Mohamed Irfaan Ali, on Tuesday urged global investors to look beyond oil and gas when considering opportunities in his country. At the CERAWeek energy conference hosted this week by S&P Global in Houston, Ali highlighted investment...
News

Digital health records, an app to make doctors’ appointments ‒ Anthony details upcoming reforms supported by GGI

OilNOW -
Digital health records accessible at clinics across the country and a smartphone application people can use to make doctor’s appointments are among reforms expected in the health sector, Guyana’s Health Minister Dr. Frank Anthony said Thursday. Guyana’s healthcare system is...
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Energy Guyana launches special edition magazine celebrating ’10 Years of Oil in Guyana’

Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil...

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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