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Oil Finds: Guyana’s PM says country guarding against “sleaze, malfeasance”

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The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector. The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...
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Guyanese being urged to guard against bogus oil & gas learning institutions

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Authorities in Guyana are urging citizens to guard against signing up for oil and gas academic programmes being offered by institutions with no legal standing. In a statement on Saturday, the country’s Ministry of Natural Resources said it is urging...
Discoveries

Oil Finds: Guyanese people need to benefit from resources

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The importance of Guyanese benefiting directly from what is believed to be significant commercial quantities of crude oil offshore the South American country is being emphasized by the head of a key entity representing the interest of the country’s...
News

Oil prices rise to one-month high

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The price for oil on the global market rose on Tuesday to an almost 1-month high with Brent futures increasing by US$1.05, or 2 percent, settling at US$54.17 per barrel. This increase comes on the heels of an unplanned production...
Discoveries

Guyana Oil & Gas Association takes lead in preparing for sustainable and competitive investment in Guyana

OilNOW -
Guyana is fast becoming the premier location in the Oil and Gas Industry as the magnitude of oil reserves located 120 miles offshore the South American country is becoming more evident. The resilient “third-world” country has actively began mobilizing resources...
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What do you know about Exxon?

OilNOW -
From all indications, ExxonMobil Corporation will be the first company to begin the commercial extraction of oil in Guyana. Here are some quick facts about this company, which is one of the largest corporations in the world today. Facts about ExxonMobil According...
Discoveries

Guyana welcomes the announcement made today by ExxonMobil – Ministry of Natural Resources

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The Ministry of Natural Resources today issued a press release in response to the announcement made by ExxonMobil regarding the discovery of more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs at their Snoek well. The text of the...
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Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

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