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‘Fisheries Exclusion Zone less than 1% of the Stabroek Block’ – ExxonMobil

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ExxonMobil is rejecting the assertion that its Liza Phase 1 operations will negatively impact in a significant manner Guyana’s fishing industry; a view posited by a number of vocal critics of the Government’s deal with the US oil major...
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Bringing gas to shore just to say we have a ‘nice project’ is not feasible – Trotman

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As discussions continue about the prospect of bringing natural gas to shore in the South American country of Guyana, authorities say such a move must be economically feasible and part of a transition to renewable energy, in keeping with...
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TOTALTEC successfully completes 2nd equity finance raising

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TOTALTEC Oilfield Services Limited on February 28, 2018 successfully completed its second equity finance raising from a large international investor. However the price has not been disclosed. TOTALTEC is a partner in a major onshore infrastructure development project in Guyana...
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ICJ ruling will settle border controversy once and for all – Guyana Foreign Minister

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Even as Venezuela continues to reject the notion of a “judicial settlement” over its decades-old claim to territory Guyana secured in an 1899 arbitral award, the lone English speaking country on the South American continent is adamant that a ruling...
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‘We will have a SWF long before first oil’ – Trotman

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Minister with responsibility for petroleum in Guyana, Raphael Trotman, has assured that the South American country will have a fully established and functional Sovereign Wealth Fund (SWF) "long before" oil production gets underway in 2020. Mr. Trotman’s remarks come in...
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Reports point to heightened security around energy assets in T&T amid terror concerns

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Warnings about Islamist group ISIS having a local cell in Trinidad and Tobago (TT) has prompted energy companies in the twin island republic to beef up security. London-based Argus Media reported on Monday that government, industry officials and diplomats told...
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Ram invited by gov’t to share views on Petroleum Commission Bill

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A number of individuals including Chartered Accountant and vocal critic in Guyana’s oil and gas sector, Christopher Ram, have been invited by Guyanese authorities to share their views on the Petroleum Commission Bill. This was disclosed by Minister of Natural...
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Trump doesn’t care about Latin America, Lula tells Correa

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Former Brazilian President Luiz Inacio Lula Da Silva says US President, Donald Trump “doesn't care about Latin America in the least” and added that “Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama...
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Saipem contracts Guyanese company for shorebase services

OilNOW -
Saipem America Incorporated has indicated that it will be contracting a Guyanese company to provide shore-base services for its operations in the Liza Field in the Stabroek Block. The company - a tier one contractor of ExxonMobil Guyana – has been...
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GCCI embraces two-pronged strategy to bolster private sector O&G involvement

OilNOW -
The discovery of oil in Guyana and imminent first oil in 2020 has pushed the Georgetown Chambers of Commerce and Industry (GCCI) to embrace a two-pronged approach to promoting the country’s private sector involvement in and around the oil...
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Latest News

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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...

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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