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Schlumberger accepting applications from Guyanese women for ‘Faculty of the Future’ fellowships

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The Schlumberger Foundation is now accepting applications from Guyanese women for its ‘Faculty of the Future’ Fellowship Awards Program for the period 2021 to 2022. The Faculty for the Future program, launched in 2004, awards fellowships to women from developing...
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Tanager-1 well voted most likely to hit a commercial discovery

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The Tanager-1 well in the Kaieteur Block offshore Guyana has been voted as the prospect that will most likely lead to a commercial discovery in the second half of 2020. This is the results of a poll conducted by...
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Oil revenues can help Guyana compete in multiple lucrative markets – Guyana’s Foreign Secretary

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Guyana’s Foreign Secretary Robert Persaud said the new oil producing nation must use some of the revenue from its vast hydrocarbon resources to bolster other export-oriented sectors of the economy. The South American emerging oil giant has already benefited from...
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Guyana’s 4th FPSO could be targeting production at the Yellowtail area

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The Yellowtail area offshore the South American country of Guyana contains oily fluids similar to those of the Liza discovery which US oil major ExxonMobil made back in 2015. With the recent additional reservoirs found in this location, it...
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Guyana planning “paced ramp-up in spending” for oil revenues

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New oil producer Guyana is keen on ensuring the windfall from its vast offshore hydrocarbon resources is spent in a manner that does not ‘overheat the economy’. "We are also mindful of the volatility inherent in petroleum revenues, as well...
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Opposed to flaring, open to offshore development – Guyana looking to maximise benefits from oil

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In what is quite possibly its sharpest criticism of one aspect of ExxonMobil's offshore activities, Guyana's Vice President Bharat Jagdeo said last week that his government is “opposed to flaring.” His comment came at a press conference hosted by...
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ExxonMobil among big players set to participate in virtual O&G conference

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A high-powered lineup including oil and gas industry leaders, and officials from the Guyana and Barbados Governments will participate in the inaugural Caribbean Virtual Oil and Gas Summit (CARIVS) set for September 15-17, 2020. Guyana’s Minister of Natural Resources, Honourable...
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Clarity, transparency needed for ‘cash transfers’ – expert warns

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Following an announcement by the Guyana Government that there would be targeted cash transfers from oil revenues for the country’s vulnerable, an expert in the natural resources industry is advising that the world’s newest oil producing nation establishes a...
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Stabroek Block flaring 17 times lower than global average

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According to the World Bank Global Gas Flaring Tracker Report released in July this year, the global average for flaring stands at 8.49 billion cubic meters as of 2019. Russia, Iraq, the United States, Iran and Venezuela are the top five countries...
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O&G investments result in capital account surplus of US$1.8 billion for Guyana

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Investments being made in Guyana’s growing oil and gas sector have resulted in a capital account surplus in 2019--the year that the South American nation achieved first oil.  Guyana’s Minister of Public Works, Juan Edghill, highlighted the performance of the...
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ExxonMobil invests 1.5 million training hours to build Guyana’s oil and gas workforce – Routledge 

Since 2022, ExxonMobil has invested 1.5 million hours of training to build the skills of Guyanese men and women...

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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