Featured

Though Guyana’s oil sector is projected to account for nearly 60% of Gross Domestic Product (GDP) for 2022, the government’s intent to have an economy built on a diversified stream of revenues is bearing fruit. According to the Ministry...

By Ivelaw Lloyd Griffith - OilNOW In Part 1, we discussed Guyana’s pursuits at the World Court, Venezuela’s legal manoeuvres that likely will lead to an extension of the waiting game, and the existential anxiety and geopolitical desperation being experienced...

The Joe Douglas Jack Up rig has returned to Trinidad and Tobago for bp Trinidad and Tobago’s (bpTT) new round of drilling next month. According to bp, the drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas, headed to its Mango drilling site – situated...

Guyana’s Central Bank reported in its monthly financial statement for the Natural Resource Fund (NRF) that deposits have now ballooned to a whopping US$949,949,037.75. or GY$198,064,374,000. At the end of August, no royalties were collected. There were also no withdrawals....

Guyana on Monday condemned the treatment of Guyanese fisherfolk by Suriname authorities and urged its Dutch-speaking neighbour to uphold a commitment it had made to issue fishing licenses to them. In a strongly worded statement, the government reminded that Suriname...

Guyana’s Ministry of Finance in its 2022 mid-year report said oil production is expected to surpass one million barrels per day by 2029 at the ExxonMobil-operated Stabroek Block. But based on the pace of project approvals, this is likely to...

Cataleya Energy Limited, a locally owned and controlled partner in the Kaieteur Block, has initiated a free six-month training course for Guyanese, all in an effort to support President Dr. Mohamed Irfaan Ali’s push for a diversified economy. Speaking with OilNOW, Co-Founder & Director of...

Claims have been made that Guyana can conduct ‘real time’ monitoring of costs incurred by ExxonMobil for its offshore Stabroek Block operations. The country's Vice President Dr. Bharrat Jagdeo dismissed these last Friday, explaining that such a system does...

Shell said Monday that its subsidiary, Sarawak Shell Berhad (SSB), made an investment decision to develop the Rosmari-Marjoram gas project. As operator for the project, Shell’s 80% stake is joined with a 20% stake held by PETRONAS Carigali Sdn Bhd, the...

ExxonMobil’s Uaru development is targeting approximately 1.319 billion barrels of oil, making it the largest project the company will be undertaking to date at the Stabroek Block offshore Guyana. The projects already approved and sanctioned offshore the South American country...