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Guyana oil production ramp-up faster than anything ever achieved – Wood Mackenzie

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US oil major ExxonMobil is pulling out all stops on its Guyana development in what industry analyst Wood Mackenzie says is a ramp-up faster than anything ever achieved in the industry with potential to exceed 1 million barrels per...
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Guyana President undergoes cancer treatment in Cuba

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Guyana’s President David Granger is currently being treated in Cuba for Non-Hodgkin Lymphoma, a statement released by the South American country’s Embassy in Cuba said on Wednesday evening. Mr Granger, who has direct responsibility for petroleum in Guyana, arrived in...
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Canada’s oil industry is sparring over forced output cuts

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(Bloomberg) Canada’s oil sector is divided over whether to force a temporary cut to production, with some major producers pushing the controversial idea in a bid to ease a supply glut and halt a steep plunge in prices, according...
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Chevron, ExxonMobil weigh bids for Endeavor Energy

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(Bloomberg) Chevron Corp. and Exxon Mobil Corp. are among the companies considering first-round bids this month for closely held oil producer Endeavor Energy Resources LP, according to people with knowledge of the matter. The two oil majors may be joined...
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Guyana prepared for submission on ICJ jurisdiction in border case -Greenidge

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The lawyers representing Guyana in the case against Venezuela before the International Court of Justice have prepared the memorial and are ready to make their submission on November 19. This was confirmed by Guyana’s Foreign Affairs Minister Carl Greenidge who...
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Energy Dept completing ‘gas to power’ feasibility analysis

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As the Government of Guyana continues to look at ways to garner cheaper energy from oil and gas finds offshore, the Department of Energy is undertaking a feasibility study. Dr. Mark Bynoe, Director of the Department of Energy, on Thursday...
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As Guyana preps for 750,000 bpd bounty by 2025, Goldman Sachs says oil shortage is coming

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As the South American country of Guyana prepares to join the league of petroleum producing nations, American multinational investment bank, Goldman Sachs, says an oil shortage is coming over the next decade because firms cannot fully invest in future...
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Energy Department prepping for Guyana oil bonanza

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Guyana’s newly established Department of Energy (DoE) is currently looking at a series of capacity building initiatives that will allow it to better meet its’ objectives in the country's emerging oil and gas sector. Since 2015, US oil major ExxonMobil...
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Tullow looking to strike oil offshore Guyana next year

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Independent oil explorer Tullow is confident of stronger crude output next year due to increased drilling in its West African assets and hopes to strike oil at its block in Guyana, exploration director Angus McCoss told S&P Global Platts. Tullow...
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Persad-Bissessar makes impassioned plea for Guyana to avoid mistakes made by TT

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Speaking to a room packed to capacity at the Pegasus Hotel in Georgetown, Guyana on Thursday evening, Trinidad and Tobago’s Opposition Leader and former Prime Minister, Kamla Persad-Bissassar urged Guyana to avoid some of the mistakes made by her...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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