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Saudi Aramco touches $2 trillion in value on second day of trading

OilNOW -
(The Guardian) Saudi Aramco has touched a market value of $2tn a day after the Saudi state-backed oil company made its stock market debut. The shares rose almost 10% at the open on the second day of trade on Riyadh’s Tadawul...
News

Oil produced in Guyana will be sold at market price – ExxonMobil

OilNOW -
Oil being produced in Guyana will be sold at market price in keeping with the standard practice for marketing crude around the world. “Crude oil around the globe is sold via the market price, so whatever the market allows –...
News

Iwokrama, UG ink MOU for PhD scholarship through ExxonMobil funded science programme

OilNOW -
The Iwokrama International Centre said on Wednesday that it has signed an MOU with the University of Guyana (UG) to support a PhD scholarship at that institution under a science programme funded by ExxonMobil. The student, Arianne Harris, will work...
News

ExxonMobil will not be making contributions to political parties in Guyana – Deedra Moe

OilNOW -
As the South American country of Guyana prepares for elections, set to take place on March 2, 2020, ExxonMobil, operator at the Stabroek Block where oil production could begin within days, is making it clear that it will not...
Exploration

Chevron to plug US$20 billion into 2020 capital, exploration budget

OilNOW -
Chevron Corporation on Wednesday announced a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by the company’s world-class Permian Basin position, its major capital...
News

Operationalisation of wealth fund vital when oil production begins – Global Data Analyst

OilNOW -
The need for Guyana’s Natural Resources Fund (NRF) to be operational when revenues begin flowing to the country from oil production is being emphasized by an analyst at Global Data who says this ensures transparency and guarantees the correct...
News

Not enough to expect “rising tide will lift all ships” – Guyanese Economist

OilNOW -
As Guyana is now on the verge of becoming an oil producer resulting in billions of dollars in revenue flowing to the state in coming years, an economist is warning that it is not enough to merely expect that...
News

America blows past the world in oil and natural gas

OilNOW -
(AXIOS) America is poised to produce far more oil and natural gas over the next five years than any other country in the world, according to a new report. Why it matters: It shows how America, already the world’s largest...
News

Exxon found not guilty in New York climate-change securities fraud trial, ending 4-year saga

OilNOW -
(CNBC) New York’s Attorney General failed to prove that Exxon mislead shareholders over the true cost of climate change, a judge ruled Tuesday, ending the oil giant’s multiyear battle against the state. “The Office of the Attorney General failed to prove, by...
News

Orinduik partners advancing license in search of more oil offshore Guyana

OilNOW -
The Joint Venture partners at the 1,800km2 Orinduik Block offshore Guyana have opted to enter the next exploration phase of the Orinduik Petroleum Agreement and have since submitted their official notice to the South American country’s Department of Energy. The JV...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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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