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Learning app for Guyanese women entrepreneurs launched through support from ExxonMobil Foundation

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The Cherie Blair Foundation for Women, ExxonMobil Foundation and ActionINVEST Caribbean Incorporated (ACI), on September 14, 2021, launched a partnership to bring vital entrepreneurial skills and support to women across Guyana through the Foundation’s ‘HerVenture’ mobile learning application. The mobile...
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Largest exploration campaign ever to be undertaken in Guyana basin could see oil reserves skyrocket

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The largest exploration campaign ever to be undertaken in the Guyana basin is being planned with multiple wells set to be drilled across several blocks. Results from these forays can see the already massive 9 billion plus barrels of...
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World’s first FPSO to be awarded SUSTAIN-1 Notation is now in alignment with key elements of UN SDGs – ABS

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The Liza Unity FPSO which has been awarded the SUSTAIN-1 notation by leading Classification Society American Bureau of Shipping (ABS) is now in alignment with key elements of the United Nations’ Sustainable Development Goals (SDGs). “The SUSTAIN-1 notation demonstrates the vessel’s alignment with...
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Guyana’s Vice President on three-day visit to Suriname

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Guyana’s Vice President, Dr. Bharrat Jagdeo is in neighbouring Suriname for a three-day visit, accompanied by Minister of Natural Resources, Vickram Bharrat. Dr. Jagdeo met President of Suriname, Chandrikapersad Santokhi, Ambassador Albert Ramdin, Minister of Foreign Affairs, International Business and...
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Guyana to notify UN, regional heads of government about latest Venezuela accord

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Guyana’s President, Dr. Mohamed Irfaan Ali plans to formally notify heads of government in the region about the accord made between the Government of Venezuela and its opposition last week in Mexico City. He told the media on Sunday that he...
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Major private sector groups in Guyana collaborating for mega oil and gas event

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The Georgetown Chamber of Commerce and Industry (GCCI) said Monday it is pleased to announce its partnership with the Guyana Oil & Gas Energy Chamber (GOGEC) as an organizing partner for the upcoming Guyana Energy Conference & Exhibition (GEC-X). The...
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Guyanese workers assemble massive subsea jumpers for Liza Phase 2 Development

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In what is being described as a significant milestone in the development of the local supply chain, Italian oilfield service company Saipem has utilized a Guyanese workforce for the assembly, testing, coating, and loading of massive subsea jumpers for...
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Exploration in Guyana, Suriname and T&T to feature big at AAPG summit

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The American Association of Petroleum Geologists’ (AAPG) Latin America and Caribbean Region will be staging the 2021 "Caribbean Technical Symposium and E&P Summit: Recent Activity and Exploration Opportunities" on September 14-15. The 2-day virtual event combines two of the AAPG...
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International players no longer see an upside in Venezuela oil projects – GlobalData

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Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela S.A (PDVSA) company. According to GlobalData, this means that...
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Oil climbs to one-week high

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(Reuters) - Oil rose on Monday, supported by concerns over shut output in the United States, the world's biggest producer, following damage from Hurricane Ida, while analysts expected a stable market in coming months. Brent crude rose 62 cents, or...
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ExxonMobil’s Longtail project to operate for 30 years, producing premium condensate and gas

ExxonMobil’s next development offshore Guyana, the Longtail project, is being designed to operate for three decades, making it 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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