Featured

Featured posts

News

Guyana-Suriname basin continues to manifest hallmarks of prolific hydrocarbon province – Westmount Energy

OilNOW -
Even though it has been six years since the world-class Liza-1 discovery, the Guyana-Suriname Basin continues to hold captive, the interests of explorers as it manifests the hallmarks of a prolific emerging hydrocarbon province, says Gerard Walsh, Chairman of...
News

COP26 and the united voice of Guyana, CARICOM, & Latin American nations on climate change

OilNOW -
The countdown to the United Nations 26th Conference of Parties (COP26) has come to an end. In Glasgow, Scotland, world leaders, diplomats, ambassadors, members from the global civil society and all manner of stakeholders prepare for the second day...
News

Leave the oil in the ground? No responsible government should volunteer for its people to stay poor, says Guyana’s President

OilNOW -
Asking new, developing producers like Guyana to leave its oil resources in the ground or to produce some of it at a slow pace is not the answer to achieving a decarbonized world. The key lies in putting a...
News

Modern deepwater port, oil sector collaboration on the horizon as Guyana, UAE deepen ties

OilNOW -
As Guyana’s geopolitical importance continues to grow, stronger bilateral relations are being sought with some of the world’s longstanding oil producers. This is particularly the case with the United Arab Emirates (UAE), the third-largest producer in the Organization of...
News

Mexico lowers tax rate for state oil firm targeting 2 million bpd output

OilNOW -
(S&P Global Platts) The Mexican government has reduced the tax rate that state oil company Pemex will pay in 2022 to 40% from 54% currently, which could help it achieve its goals of producing a little over 2 million...
News

Guyana – one of the world’s last oil and gas frontiers

OilNOW -
This article was first published in the T&T Business Newsday on October 21, 2021. ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...
Opinions

Find your niche—its not all pipes, ships and concrete

OilNOW -
By A. Bacchus Back in 2015, when the first oil discovery was announced, I was blissfully unaware of the workings of the petroleum industry. In fact, in my mind, oil production in Guyana would look like a scene out of...
News

Explorers targeting ‘step out wells’ in prolific Guyana basin

OilNOW -
Ten billion barrels of oil equivalent and counting. The Guyana basin has gone from zero to prolific in just six years and from all indications, the volumes being discovered have not yet peaked. In fact, experts see much more...
News

Ghana team to review Guyana’s work on local content, gas-to-energy, NRF – Dr. Ali

OilNOW -
As a follow-up to several bilateral engagements, a technical high-level team from the oil-producing nation of Ghana will soon visit Guyana to review amendments to the nation’s Natural Resources Fund (NRF) law as well as its draft Local Content...
News

Exxon closes third quarter with US$6.8 billion, advantaged assets playing major role

OilNOW -
Exxon Mobil Corporation announced yesterday that it achieved an estimated US$6.8 billion, or US$1.57 per share in earnings at the close of the 2021 third quarter. This represents a US$7.4 billion increase over 2020 thanks to improved demand and...
1...533534535...1,020Page 534 of 1,020

Latest News

NewsOilNOW -

Economist says Venezuela’s suspension of gas deals could be a ‘blessing in disguise’ for Trinidad

Trinidad and Tobago economist Dr. Justin Ram believes Venezuela’s decision to suspend its gas deals with the Caribbean country...

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.

Quick Access

Company Info

Social Networks