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Guyana Police Force to establish oil and gas unit in 2025

OilNOW -
The Guyana Police Force (GPF) is set to launch a specialized Oil and Gas Unit in 2025, enhancing its capacity to manage security in the country’s rapidly expanding petroleum sector. Acting Commissioner of Police Clifton Hicken announced the initiative during...
News

“Largest foreign investment in Guyana’s history” – Top US official backs US$2 billion energy project

OilNOW -
A U.S. loan backing the Gas-to-Energy project represents the “largest foreign investment in Guyana’s history,” according to U.S. Assistant Secretary of State for Western Hemisphere Affairs, Brian A. Nichols. During a December 17 foreign press briefing on U.S. priorities in...
News

ExxonMobil names Tenaris 2024 Supplier of the Year

OilNOW -
ExxonMobil has awarded Tenaris its 2024 Supplier of the Year title, recognizing the company’s global performance and alignment with ExxonMobil’s values. The announcement was made on December 16, 2024. “Over the past year, Tenaris has consistently demonstrated superior performance globally...
News

Guyana increasing over 50,000 gov’t employees’ salaries by 45% in five years 

OilNOW -
More than 50,000 government employees in Guyana are seeing their salaries increased by a minimum 45% in a five-year period. The group includes teachers, police, firemen, and soldiers. The salary increases started in 2021 after the new government took office....
News

A look at the Greater Guyana Initiative over the years

OilNOW -
The Greater Guyana Initiative (GGI), a US$100 million commitment by ExxonMobil Guyana, Hess, and CNOOC, continues to play a vital role in Guyana’s socio-economic transformation. Outgoing ExxonMobil Guyana Socioeconomic Manager, Susan Scott, reflected on the initiative’s accomplishments and future...
Exploration

Shell plans new offshore drilling in Suriname’s Block 65

OilNOW -
BG International Limited (Shell) is seeking approval from Suriname’s National Environment Authority (NMA) to conduct an exploration drilling program in Block 65, formerly Block 54. This program involves drilling up to four wells, starting with the Araku Deep-1 well,...
News

Exxon’s lonewolf discovery for 2024: Bluefin 

OilNOW -
In a year marked by steady development of existing projects, ExxonMobil Guyana made just one new discovery to its Stabroek Block pile - Bluefin-1.  The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by...
News

Second Guyana oil auction unlikely before November 2025 elections 

OilNOW -
Guyana Vice President Bharrat Jagdeo said Thursday he is doubtful Guyana’s next auction of offshore acreage will happen before the 2025 General Election.  Government says voters will head to the polls in November 2025.  The second auction is expected to benefit...
News

SLB wins Petrobras contract for subsea injection systems

OilNOW -
Global energy technology company SLB has announced a contract award by Petrobras for two subsea raw seawater injection (RWI) systems. The systems, secured by SLB’s OneSubsea™ joint venture, will enhance recovery from the Búzios field, following a competitive tender...
News

Jagdeo not worried about dispute with CGX, says Corentyne license lapsed

OilNOW -
Guyana Vice President Bharrat Jagdeo is adamant that CGX Energy’s license for the Corentyne Block has expired. The company and its joint venture partner, Frontera Energy, said Thursday that they believe their license still stands.  A 60-day clock is ticking...
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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the...

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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