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Guyana will become magnet for investors when electricity becomes cheap – Bharrat

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat is adamant that the Wales gas-to-shore project will not only benefit those in the country through affordable electricity, but it will also attract wealthy international investors to the nation’s shores. The Natural Resources Minister...
News

Guyana’s gas can drive agriculture expansion

OilNOW -
While much of the attention has been on the benefits of low electricity rates with the gas-to-shore project that is poised to come on stream by 2024 in Guyana, former Energy Minister of Trinidad and Tobago, Kevin Ramnarine recently...
News

Oil and gas technical training centre could help boost deficient human capacity in Guyana – Associate Professor

OilNOW -
In its pursuit of a robust Local Content Policy, Guyana must be cognizant of its limited human resources while pushing for industry stakeholders to meet high targets. This point was recently made by Dr. Terrence R. Blackman, an Associate...
News

“I am satisfied with the tone and content of the meeting” Harmon says following discussions with ExxonMobil

OilNOW -
Guyana’s Opposition Leader, Joseph Harmon, expressed satisfaction after meeting with ExxonMobil's local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) on Thursday, to discuss gas flaring and the issue of faulty equipment aboard the Liza Destiny Floating, Production, Storage...
Exploration

CGX taps Danish driller for Guyana wildcat

OilNOW -
Canadian exploration partners, Frontera Energy Corporation and CGX Energy Inc, announced Thursday that an agreement was signed with Maersk Drilling Holdings Singapore Limited for the provision of a semi-submersible drilling unit, the Maersk Discoverer, and associated services to drill...
News

Guyana total oil revenues set to surpass US$340 million

OilNOW -
When the proceeds received by Guyana for the first quarter of 2021 from oil produced and sold at the offshore Liza Phase 1 Development are added to the amount currently in the Natural Resources Fund, this is expected to...
News

CNOOC’s first-quarter revenue surges 21%

OilNOW -
China’s national offshore oil and gas company CNOOC Ltd. said on Thursday its oil and gas sales revenue in the first quarter of this year surged by 21%. The Company achieved a total net production of 137.7 million barrels...
News

As Guyana prepares for oil bonanza, Rystad says world can hit peak oil demand sooner than expected

OilNOW -
Norway-based consultancy group Rystad Energy says the adoption of electrification in transport and other oil-dependent sectors is accelerating and is set to chip away at oil sooner and faster than in its previous forecast. As a result of this...
News

U.S. judge says Exxon lawsuit demanding millions lost in Cuba can proceed

OilNOW -
(Bloomberg) Exxon Mobil Corporation can move forward with a U.S. lawsuit seeking $280 million from two Cuban companies as compensation for a refinery and other assets seized from the oil giant after Fidel Castro’s 1959 revolution, a judge in Washington...
News

Exxon ‘slowly ramps up production’ to between 100,000 – 110,000 bpd, assessment of discharge silencer underway

OilNOW -
ExxonMobil Guyana said on Wednesday it has removed the faulty discharge silencer from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel for further assessment of the damage to determine the necessary scope of repairs needed. The company said...
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Latest News

Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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