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Comparison between Guyana & Ghana oil contracts ‘selective, misleading’ – Business Minister

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Guyana’s Minister of Business, Dominic Gaskin on Tuesday condemned what he calls a concerted effort to derail progress in the country’s emerging Oil and Gas (O&G) industry, saying those comparing the country’s 2% royalty to Ghana's 10% “know very...
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One year earnings from oil equals 8 from gold – Business Minister

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The Guyana Government has collected just over US$300M in royalties and taxes from all the gold produced in the country over the last eight years which means in the first year of oil production, the country will earn about...
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Guyana economy could reach size of T&T’s by mid 2020s – Ramnarine

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Fueled by oil revenue, Guyana’s economy is set to reach that of its CARICOM neighbor - Trinidad and Tobago - by the mid-2020s. This is the view of the twin island republic’s former Minister of Energy and Energy Affairs,...
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Oil companies give contracts disclosure thumbs up

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Making good on its promise to publicly release contracts signed with oil companies operating off the country’s coast, the Government of Guyana has to date published 3 such agreements - a move being commended by explorers. Sustained calls from the...
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Exxon-led consortium, Spain’s Repsol submit interest in Greek oil and gas tenders

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(Reuters) - Greece has received two expressions of interest for oil and gas exploration and exploitation tenders off Crete and in the Ionian Sea, the country’s oil and gas resources management company (HHRM) said on Monday. HHRM said a consortium...
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ExxonMobil gunning for oil at Liza 5

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ExxonMobil is set to begin another drilling foray this week in search of more oil off the coast of the South American country of Guyana. The company's affiliate - Esso Exploration and Production Guyana Ltd. will begin a 3-month drill...
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Noble Bob Douglas arrival signals start of development for oil production in Guyana

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The arrival of the Noble Bob Douglas drill ship in Guyana will signal the start of development of the Liza field which will bring first oil for the South American country in March 2020. The vessel is currently en-route to...
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Private Sector body ramping up efforts to prep Guyanese businesses for O&G

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Guyana’s Private Sector Commission (PSC) is spearheading a seminar scheduled to be held on Tuesday that will focus on opportunities and perspectives for the local business community in the country’s emerging oil and gas sector. PSC Chairman, Eddie Boyer, told...
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Guyana reviewing Japanese O&G ‘Master Plan’

OilNOW -
An Oil and Gas Master Plan developed by Mitsubishi Corporation and Chiyoda Corporation in collaboration with the Government of Japan is currently being reviewed by authorities in the South American country of Guyana. According to a statement from the Ministry...
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ExxonMobil says it is not responsible for unknown substance on Georgetown seashore

OilNOW -
The presence of a thick, black substance at the Guyana seashore is not as a result of oil exploration activities, according to ExxonMobil Guyana. This was confirmed by the company following reports in sections of the Guyanese media about the...
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ExxonMobil sees 60% year-on-year production boost in Guyana

ExxonMobil’s Chief Financial Officer, Kathy Mikells reported a 60% year-on-year increase in crude oil production offshore Guyana, during 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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