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Oil bounty, energy security and Guyana future prospects

OilNOW -
Guyana’s energy sector for 2022 will be characterized by two significant developments. Within weeks the second phase of oil production will start at the Liza Phase 2 Development with a production ramp up of approximately 220,000 barrels of oil...
Exploration

Suriname lining up with Guyana to advance deepwater development this year

OilNOW -
Suriname lies down-dip of the prolific reservoirs in neighbouring Guyana. The country has seen a gradual build-up of exploration activity since ExxonMobil’s first discovery across the border at Liza-1 in 2015. Majors such as Shell, ExxonMobil and TotalEnergies have farmed...
News

Champion of the Earth, Mia Mottley among top speakers for next weeks’ energy conference

OilNOW -
Prime Minister of Barbados and recipient of the 2021 Champions of the Earth Award Mia Mottley is expected to be one of the most highly anticipated speakers headlining the International Energy Conference and Expo-2022 which will be held from...
News

Saudi Arabia jacks up oil prices after crude surges towards $95

OilNOW -
(Bloomberg) — Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel. State firm Saudi Aramco increased all grades for its main market of Asia in March. The company...
News

Plans for new urban centre outside Georgetown progressing; utility companies being engaged

OilNOW -
Development works on Silica City – a vibrant, sustainable, resilient and modern city conceptualized in 2013 – is advancing with consultations ongoing with utility companies to coordinate the development of their infrastructure. Sharing this news is Guyana’s Minister of...
News

Statement from Guyana government on the process to appoint new GYEITI head

OilNOW -
The Guyana government said in a statement on Saturday it remains committed to transparency in the extractives sector and followed all procedures in the process of appointing a new Head of the GYEITI Secretariat. See full statement below. AFC’s Dr....
Opinions

Capitalising on networking opportunities

OilNOW -
By A. Bacchus In early 2018, I was fortunate enough to attend the first oil and gas conference and exhibition that was held in Guyana. At that point in time, ExxonMobil had made about six viable discoveries, and it was...
News

Countries get stuck with huge expenditures when oil money runs out; Guyana guarding against this – VP

OilNOW -
The Government of Guyana intends to use the first withdrawal from its Natural Resource Fund to help finance its country’s infrastructural transformation and is pushing back against opposition calls to steeply hike public servants’ salaries. “If you spend on the...
News

Gov’t awaiting CGX Kawa-1 appraisal results, lauds recent announcement – Bharrat

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat recently told OilNOW that his ministry welcomes the positive announcement at the Kawa-1 well which was made by CGX Energy Inc. and Frontera Energy Corporation in the Corentyne Block. He was keen...
News

Oil pushing rush for Guyanese citizenship but government being cautious – Vice President

OilNOW -
With massive developments set to take place in the energy sector, specifically as it relates to the multi-billion-US dollar oil and gas subsector, there has been a rush for documentation for Guyanese citizenship says Vice President, Dr. Bharrat Jagdeo. In light of this...
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Latest News

NewsOilNOW -

ExxonMobil sanctions Hammerhead oil project offshore Guyana; first oil in 2029

ExxonMobil has made a final investment decision (FID) for the development of the Hammerhead discovery offshore Guyana, its seventh...

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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