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Authorities reviewing development plan for Guyana’s largest offshore project

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Guyana’s Minister of natural Resources (MNR), Vickram Bharrat, on Monday participated and delivered remarks at a virtual stakeholder meeting to officially commence the review of the Yellowtail Field Development Plan (FDP). ExxonMobil affiliate Esso Exploration & Production Guyana Limited (EEPGL)...
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Guyana seeking new EITI coordinator

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Guyana's Ministry of Natural Resources is seeking a National Coordinator for the Secretariat of its Extractive Industries Transparency Initiative (GYEITI) chapter. The incumbent National Coordinator is Dr. Rudy Jadoopat. Interested persons have until November 19 to apply. The appointment will follow...
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Ghana oil production will drop to around 146,500 bpd in 2022 – Platts

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Ghana's oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country's state-owned oil company told S&P Global Platts. The West...
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SBM Offshore providing training opportunities for Guyanese to work on FPSOs

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SBM Offshore is providing the opportunity for Guyanese to be equipped with the skills and knowledge to work onboard Floating Production Storage and Offloading (FPSO) vessels operating offshore the South American country, through its Trainee Technician Programme. This aligns...
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Guyana on brink of becoming one of world’s largest oil holders; careful management is key, says EITI

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Recent Atlantic offshore oil discoveries have promised to generate an economic boom for Guyana and its’ citizens, the Extractive Industries Transparency Initiative (EITI) said, pointing out that mainly left unexplored until 2015, the nation is now on the brink...
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Touchstone makes ‘light oil’ discovery in Trinidad

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Touchstone Exploration Inc. on Monday announced the results of the first of three planned production tests at its Royston-1 exploration well which has confirmed a light oil discovery in the lowermost section of the well. The section tested was...
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COP26: IDB pledges US$24 billion for climate and green finance over the next four years

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The Inter-American Development Bank (IDB), a leading source of long-term financing for development in Latin America and the Caribbean, announced last week that it pledged US$24B for climate and green financing for its 26 members over the next four...
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Guyana oil must help supply 24 million bpd demand in 2050, says Vice President

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It was in May this year that the International Energy Agency (IEA), one of the most reputable global research institutes on energy, released a landmark report which recommended no new fossil fuel exploration or development if the world is...
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Dutch company plugs over US$332,000 into mangrove restoration in Guyana

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Dutch floater specialist SBM Offshore signed a Memorandum of Understanding with the National Agricultural Research and Extension Institute (NAREI) in Guyana on October 26, which will see the company funding a Mangrove Restoration Project along a section of the...
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Rich countries’ climate policies are colonialism in green

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By Vijaya Ramachandran, the director for energy and development at the Breakthrough Institute. This article was first published by Foreign Policy.  With natural gas prices at record highs in Europe, Norway is raking it in. The country is Europe’s second-largest...
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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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