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Venezuela made “reckless attempt” to land chopper on ExxonMobil survey vessel – Guyana Foreign Minister

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In what is being described as a reckless and illegal act, Foreign Minister of Guyana, Carl Greenidge, disclosed on Thursday that the Venezuelan navy attempted to land a chopper on a survey vessel contracted by US oil major ExxonMobil,...
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Venezuela oil exports slump to a 28-year low

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Venezuela, once Latin America’s largest oil exporter, ended 2018 with a whimper as overseas sales dropped to the lowest in nearly three decades, Bloomberg said in a January 2 report. Home to the world’s biggest crude reserves, the country exported...
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Elections timeline remain in limbo in oil-rich Guyana

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Speaker of the National Assembly in Guyana, Dr Barton Scotland has chosen not to reverse his position on the vote of no-confidence which was carried on December 21, 2018, effectively bringing the life of the APNU+AFC coalition government to...
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CNOOC Limited’s Egina Field commences production

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CNOOC Limited, a 25 percent stakeholder in Guyana’s prolific offshore Stabroek Block along with ExxonMobil (45 percent) and HESS (30 percent), announced on January 2, 2019 that its Egina Field, located in deepwater offshore Nigeria, has commenced production. The company...
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Fire at Noble well site in Texas damages three oil tanks

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While there have been no reported injuries, a fire on January 2, 2019 at a Noble Energy site in Reeves County, Texas damaged three oil tanks which were still burning late Wednesday morning, a report from Upstream Online stated. Three...
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Granger says gov’t will uphold constitution, commits to talks with the opposition in 2019

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President of Guyana, David Granger, says his government remains committed to upholding the constitution and will be pursuing discussions with the opposition in 2019 to determine the way forward for the oil-rich South American nation. The President made these remarks...
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Guyana’s tenth oil discovery makes her a future Latin American powerhouse

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(Merco Press) Due to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said. The super-major announced its tenth Guyana discovery this week, increasing the...
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Exceptional reservoirs in Brazil, Guyana and Mexico will attract the most investment in 2019 – Wood Mac

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The exploration industry has fought its way back to profitability, and is now keen to stay there says industry analyst Wood Mackenzie in December 19 report. Explorers will continue their disciplined and cautious approach to ensure spending remains low...
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‘Political developments’ won’t derail Guyana’s O&G preparations – Persaud

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Guyana's former Minister of Natural Resources and the Environment Robert Persaud believes that the current trajectory that the country is on with regards to its oil and gas preparations will be maintained notwithstanding the recent collapse of the coalition...
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Guyana Opposition Leader prepared to support pact for no campaign financing from oil companies

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As citizens of Guyana prepare for an early General Elections, the Opposition Leader, Bharrat Jagdeo is suggesting that the political parties vying for office sign “a pact” to not accept campaign funding from oil companies. “I think we should be...
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Steam turbines, oil tanks in Guyana for Gas-to-Energy project

US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  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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