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Guyana could sell oil to CARICOM at preferential rates

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Guyana - the latest and soon-to-be greatest producer of oil in the Caribbean Community (CARICOM) could sell the commodity to member states at preferential rates, similar to a special facility Venezuela set up in 2005 under the Petrocaribe agreement. Up...
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It’s disastrous to tear-up ExxonMobil contract now – Oxford Prof.

OilNOW -
Oxford University Professor of Economics and Public Policy, Sir Paul Collier, has warned it would be disastrous for Guyana to "tear-up" its Production Sharing Agreement with US oil major ExxonMobil. The Professor met with senior members of the Guyanese media...
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Guyanese urged to get out of poverty now before oil is left in the ground

OilNOW -
This is Guyana's chance to get out of poverty and the country should take it, since in the coming years a good deal of the oil discovered in the offshore basin, will remain just there. This is the advice...
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Ghana defends ‘direct negotiation’ with ExxonMobil; says company best-positioned for ultra-deep operations

OilNOW -
Ghana’s Minister of Energy, Boakye Agyarko, says the Government signed an oil exploration contract with ExxonMobil to explore for oil in the Deeperwater Cape Three Points Oilfields because it has the capacity to deliver. According to a Ghana Broadcasting Corporation...
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Ten applications for oil blocks pending

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Around ten applications for oil blocks in Guyana are currently sitting with authorities but no firm decision on the issuance of new licenses has been made yet. OilNOW was told by Minister of Natural Resources Raphael Trotman that no decision...
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High-level caucus on petroleum set for today

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Guyana’s Ministry of Natural Resources (MNR) has organised a high-level caucus for Cabinet Ministers to engage global thinkers and experts on natural resource management as part of the Government of Guyana's agenda to prepare for petroleum production in 2020,...
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US bans transactions with Venezuela’s petro cryptocurrency

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President Donald Trump on March 19 signed an executive order barring any U.S.-based financial transactions involving Venezuela’s new petro cryptocurrency, as U.S. officials warned that it was a “scam” by President Nicolas Maduro’s government to further undermine democracy in...
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We need oil partners with clout and bravery in face of territorial aggression – Trotman

OilNOW -
Guyana must consider a number of factors when granting international oil companies access to explore in its waters, which, according to Minister of Natural Resources, Raphael Trotman, include the recognition that those with the resolve to forge ahead in...
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Trump’s offshore oil plan will struggle to lure rigs from Guyana

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The world’s hottest offshore prospect for oil companies is off the coast of Guyana, where a string of major discoveries has drawn hundreds of millions of dollars in a quest for crude. But The Trump administration is hoping to...
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‘Netflix for Oil’ setting stage for $1 trillion battle over data

OilNOW -
(Bloomberg) A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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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