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Oil industry is exciting but focus on agriculture equally important – Brasington

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ExxonMobil Guyana says it recognizes the important role agriculture plays in the South American country and is committed to continuing efforts that would support the growth and development of the sector. The company was a key sponsor of Uncapped Marketplace...
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World Bank US$20M loan package to include experts for SWF workshop

OilNOW -
Two international experts are being provided to Guyana as part of a US$20M oil and gas assistance loan package from the World Bank, in order to help the country develop its Department of Energy. The country's State Minister, Joseph Harmon...
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Exxon lucky-run in Guyana hits snag at Sorubim; dry hole a reminder of risk in E&P

OilNOW -
US oil major ExxonMobil’s unprecedented string of oil discoveries off the Guyana coast has hit a snag with no oil being found at the Sorubim-1 well where the Noble Bob Douglas has been drilling in recent weeks. Vice President of...
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‘Exxon told us to maximize use of Guyanese employees, contractors’ – Lockwood

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Majority Guyanese-owned port facility – Guyana Shorebase Inc. (GYSB) says it has been maximizing the use of local content in its operations, which is in keeping with a request from ExxonMobil for the company to utilize as much services...
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Guyana begins to cash in ExxonMobil signing bonus to cover legal fees at ICJ

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Guyana has begun the preliminary process in order to cycle funds from an US$18M signing bonus received from ExxonMobil in 2016, to defend its border controversy case at the International Court of Justice (ICJ). The move is documented in a...
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Record 800+ Guyanese companies register on Exxon supplier portal, over 1700 persons trained

OilNOW -
In the short time span of around 12 months, a record number of Guyanese companies have registered on the ExxonMobil’s Centre for Local Business Development’s (CLBD) Supplier Registration Portal while more than 1700 persons have benefited from training and...
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Guyana sees need to boost legal framework with arrival of O&G

OilNOW -
Chief legal advisor to the Government of Guyana, Attorney General Basil Williams, on Wednesday highlighted the need for the South American country to strengthen its legal framework in anticipation of a spike in investments fueled by the emerging oil...
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Hess reports US$106M net loss; Guyana remains shining light in company’s outlook

OilNOW -
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the...
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GRA head says no tax evasion by oil companies under his watch

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Commissioner General of the Guyana Revenue Authority Godfrey Statia told reporters at a press conference on Tuesday that oil companies would not be allowed to evade paying taxes under his watch. The head of the South American country’s tax body...
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Liza SURF contractor Saipem posts loss of $2.4M in Q1 2018

OilNOW -
ExxonMobil Guyana Tier 1 contractor Saipem has narrowed its losses to $2.4m for the first quarter of 2018. The Italian oil and gas company's Q1 2018 loss marks an improved financial performance, following the $331m loss reported in Q4 2017. However, the Milan-based firm, operational in Saudi...
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Guyana among key drivers of global subsea tree demand despite sharp Q1 dip

Subsea tree unit awards slumped to 32 in the first quarter (Q1) of 2025, marking a 65% quarter-over-quarter decline,...

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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