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Exploration

Israeli company Ratio Petroleum obtains exploration permit off Dakhla

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Israeli oil and gas exploration company Ratio Petroleum Partnership on September 24 signed an agreement with the National Office for Hydrocarbons and Mines (Onhym) giving exclusive rights to research and explore gas or oil deposits in the Atlantic block...
News

Guyana could hit full employment capacity soon; gov’t may consider active immigration policy – VP

OilNOW -
With three major oil production projects already approved and a fourth one on the way, Guyana’s Vice President Dr. Bharrat Jagdeo said the logistics onshore and related investments in hotels and real estate to manage these developments will run...
News

Brent climbs above $85 as oil prices hit multi-year high

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(Reuters) - Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents,...
News

Government proceeding with caution in major oil production ramp-up, Guyana VP tells Ghana radio

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For a country the size of the United Kingdom, a huge forest the size of England, which is part pf the Amazon, massive rivers, waterfalls, large deposits of minerals and fertile lands for agriculture, Guyana’s decline in fortunes has...
News

Light crude is flavor of the month in India as gas demand rebounds

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(S&P Global Platts) India's sharp revival in gasoline appetite to surpass even pre-pandemic levels has prompted its refiners to increasingly queue up to import lighter crudes in recent months, but the fourth quarter could see a tilt in the...
News

Guyana greenlights 8 more shore base facilities

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Noting a need for more shore base facilities to service the oil sector’s expansion, Guyana’s Minister of Public Works, Bishop Juan Edghill said the Government has given ‘no-objections’ to eight such projects, in addition to expansion works at the...
News

Ghana passes on key oil lessons, experiences to Guyana delegation

OilNOW -
Development experiences in local content and oil and gas legislation, as well as the best practices for the exploitation of hydrocarbons, were just some of the lessons that were passed on to Guyana's Vice President Dr. Bharrat Jagdeo by...
Opinions

Investing in becoming a cut above the rest – Pt. 2: New opportunities for world-class competitiveness

OilNOW -
By A. Bacchus Growing up in a small community in Canal Number One, on the West Bank of Demerara, at a time when very few people had dial-up internet and the ‘big back tv’ that required the youngest in the...
News

Exxon submits environmental study for giant 20-year Yellowtail project

OilNOW -
ExxonMobil has submitted the Environmental Impact Assessment (EIA) and Environmental Impact Statement (EIS) to Guyana’s Environmental Protection Agency (EPA) for the giant 250,000 barrels per day Yellowtail Development Project which is expected to last for at least 20 years. The...
News

With oil demand increasing, Guyana will not sit on its hands while Saudi Arabia, USA keep on pumping – Vice President

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo believes it would be unwise for the South American country to scale back oil and gas exploration and production while nations such as Norway, Saudi Arabia and the USA continue to feed the...
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‘We will hunt and kill them’: Hegseth announces strikes that killed 14, eight more than last week’s attack

U.S. War Secretary Pete Hegseth announced today via his X (formerly Twitter) page, that “at the direction of President...

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