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Exxon targeting more crude at Lau Lau-1 in Guyana’s largest block

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ExxonMobil’s search for more hydrocarbons offshore Guyana continues with a new campaign targeting the Lau Lau-1 well site located at the prolific Stabroek Block where it has found more than 10 billion barrels of oil equivalent since 2015. The Noble...
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Talks on regional energy corridor slated for early 2022 – President Ali

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“Strategic discussions” on the regional energy corridor bridging Guyana, Suriname, French Guiana and northern Brazil are set to happen in January 2022, President Ali announced last Friday. In his keynote address to the 25th annual award ceremony hosted by the...
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Head of EPA goes offshore to investigate unidentified substance on water

OilNOW -
Following the circulation of a video on social media depicting an unidentified substance on the surface of Guyana’s offshore waters, Head of the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that investigations are being carried out to ascertain...
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Over 200 percent increase in local businesses accessing capacity building programmes – Dr. Gaskin-Peters

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Since the Centre for Local Business Development opened its doors in 2017 in Guyana to help local businesses build capacity and prepare for opportunities in the oil and gas sector, there has been a more than 200 percent increase...
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Foreign investors eyeing roads, hospitals, housing in new South American oil province

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Guyana’s multi-billion-barrel hydrocarbon resources and the spin-off business opportunities being created across several sectors of the economy continue to attract foreign investors from around the world. On Saturday the country’s President, Dr. Irfaan Ali highlighted the need for investment opportunities...
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“What is about to unfold in this country is unbelievable” – Ali tells manufacturing body

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Guyana’s president, Dr Irfaan Ali on Friday evening challenged the private sector to build a winning culture and to take advantage of non-traditional opportunities that will become available as Guyana continues its rapid growth and expansion, fuelled by over...
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High-level Ghana delegation in Guyana for three-day visit

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With the objective of further intensifying Guyana-Ghana relations, Vice President of this West African nation Dr. Mahamudu Bawumia arrived in Guyana at the Cheddi Jagan International Airport (CJIA) on Saturday afternoon. Over the next three days the Ghanaian VP, his...
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Norway group says Omicron could cost global oil market a whopping 2.9 million barrels per day

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The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to...
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US$900M gas-to-energy project attracting investors from across the world – Bharrat

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Following the publication of an Expression of Interest (EOI) in July for investors to collaborate with the Guyana government and ExxonMobil on the US$900 million gas-to-energy project, authorities have received over 30 responses, says natural resources minister, Vickram Bharrat....
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New oil more competitive, significantly cheaper to produce – Rystad Energy

OilNOW -
Following its latest analysis of supply costs within the upstream sector, Rystad Energy, a research and business intelligence company based in Norway, has found that new oil discoveries are now more competitive and cheaper to produce. Expounding in this regard,...
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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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