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Exxon says major Guyana projects represent US$30 billion in foreign investment

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Multiple projects, some underway and others poised to be rolled out, represent around US$30 billion in foreign direct investment for Guyana and are set to plug billions of dollars into the economy of this new oil producing nation. Speaking at...
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Guyana’s anti-corruption framework must include transparent wealth fund Law – US Ambassador

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As nations across the world observed International Anti-Corruption Day on Wednesday under the theme, “Your right, your role: say no to corruption, " U.S. Ambassador to Guyana, Sarah-Ann Lynch registered her support, and that of her home country, for Guyana’s...
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Emerging oil producers Guyana and Ghana ink string of cooperation agreements

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The governments of two oil producing nations on opposite sides of the Atlantic, Guyana and Ghana, signed three agreements to deepen their ties on Tuesday. The occasion culminated a 4-day trip to Guyana by Ghana’s Vice President Dr. Mahamudu...
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Energy chamber, telecoms giant giving Guyanese students exposure to budding petroleum industry

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Students from across 50 high schools in Guyana are set to benefit from oil and gas training in the new year as part of a collaborative effort between the Guyana Oil and Gas Energy Chamber (GOGEC) and telecommunications giant...
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Exxon VP says another 10 billion barrels could be found in Guyana oil province

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Since 2015, ExxonMobil has found an average of 1.7 billion barrels of oil per year offshore Guyana and recently increased its estimate of the discovered resources at the prolific Stabroek Block to 10 billion barrels of oil equivalent. A...
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Crude oil on track for four straight days of gains

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(S&P Global Platts) Crude oil futures continued to climb in mid-morning trade in Asia Dec. 9, on track for a fourth straight day of gains, as risk sentiment remained buoyant amid further positive developments around the omicron variant of...
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Biden signs Executive Order to use full scale of procurement power to achieve climate change goals by 2030

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President of the United States of America (USA), Joe Biden on Wednesday signed an Executive Order that directs the federal government to use the full scale of its procurement power to achieve a suite of key climate change goals. According...
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‘Guyana is best growth opportunity seen in Latin America past 30 years’ – Energy group

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With discovered oil resources of over ten billion barrels, low breakeven costs of $25-$35, and a light sweet crude, low in sulfur that emits fewer greenhouse gasses, Managing Director of Americas Market Intelligence John Price, says Guyana is the...
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Upcoming auction could extend life of T&T’s gas sector beyond 2040, says former energy minister

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While he is enthused by recent announcements that Trinidad and Tobago has put 17 deepwater blocks up for auction, TT’s former Minister of Energy, Kevin Ramnarine says this bid round will be crucial to the longevity of the country’s...
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Guyana’s lone Energy Chamber signs MoU with Ghana Petroleum Commission

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The Guyana Oil and Gas Energy Chamber (GOGEC) signed a Memorandum of Understanding with the Petroleum Commission of Ghana on Tuesday in Georgetown. GOGEC’s President, Manniram Prashad, and CEO of the Commission, Egbert Faibille Jnr., inked the pact. The agreement...
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Guyana’s local content spend hits US$350M in six months 

Guyana’s local business community continues to secure strong gains from the country’s oil and gas industry, with spending on...

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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