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Oil price climbing to a point where Guyana can rake in record revenues

OilNOW -
An oil supply shortfall is coming and with OPEC+ expected to provide just a fraction of the demand, barrels from producers outside of the alliance, such as Guyana, would be needed even more. Already, dated Brent has soared past...
Opinions

Geopolitics of oil and water in Guyana: Part 2 – Ivelaw Griffith

OilNOW -
By Ivelaw Lloyd Griffith – OilNOW The first article discussed Guyana’s geography and environmental conditions against the backdrop of South America’s lone English-speaking petro state. I turn attention now to the nature and impact of the flooding and offer a...
News

Matpal Marine Institute gets ISO certification

OilNOW -
MatPal Marine Institute has joined the growing list of ISO 9001:2015 Certified companies in Guyana, through the support of Global Compliance Service (GCS), the only Accredited ISO Certification Body with a resident office in the new oil producing South...
News

Guyana could surpass 1 million bpd milestone as early as 2025 – Hess CEO

OilNOW -
By 2025, Guyana could be producing approximately 1.2 million barrels of oil per day (bpd) from five floating vessels in the Stabroek Block. Making this latest disclosure was Chief Executive Officer (CEO) of Hess Corporation, John Hess during his...
News

Stabroek co-venturer identifies potential 5th and 6th developments

OilNOW -
While the Stabroek Block co-venturers are pleased with the recent appraisal results at Longtail-3, the 20th commercial discovery on the offshore concession, it is highly likely that two other prospects will be next in line for development says Chief...
News

Guyana determined to ensure economy not solely dependent on oil

OilNOW -
Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, said on Wednesday that even though oil production will transform Guyana’s economy, petroleum will not be its lone driver. He said the Irfaan Ali...
News

Canje Block explorer JHI puts GY$10 million towards flood relief efforts

OilNOW -
JHI Associates Incorporated, holder of a 17.5% stake in the Canje Block offshore Guyana, donated GY$10 million to the Civil Defence Commission (CDC) in support of its national flood relief efforts on Tuesday. The donation was made through Guyana...
News

Guyana capacity to support offshore operations growing – ExxonMobil

OilNOW -
The giant Liza discovery in 2015 was Guyana’s first step into the world of oil and gas. With very limited industrial activity and virtually no experience in the petroleum industry, capacity in some areas had to be built from...
News

Oil jumps to 2-year high as travel picks up

OilNOW -
(Reuters) Oil rose above $75 a barrel on Wednesday, reaching its highest since late 2018, after an industry report on U.S. crude inventories reinforced views of a tightening market as travel picks up in Europe and North America. The American...
News

Guyana’s huge offshore developments take centre-stage at opening of ‘Gateway’ event

OilNOW -
Guyana’s massive hydrocarbon resources and offshore development plans were the key focal points at the opening of the 4th Annual Aberdeen-Guyana Gateway event on Tuesday, June 22. The 2-day event is bringing together the Aberdeen and Guyana energy communities...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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