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Guyana looking to put National Oil Company on front burner next year

OilNOW -
The plan for establishing a National Oil Company in Guyana is advancing rapidly and according to the country’s Minister of Natural Resources, this will be a priority in 2018. Commenting on the state of planning for this significant step in...
News

Eco nears completion of survey on Orinduik Block

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. says it is wrapping up a 2,550 km2 3D seismic survey on the 1,800km2 Orinduik Block offshore Guyana, together with its Operating Partner, Tullow Oil plc. The oil junior had announced the commencement of the survey...
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UNDP expert due back in Guyana Monday for local content talks – Trotman

OilNOW -
A UNDP expert advising the Guyana government on its draft local content policy framework is due back in the country on Monday and will embark on a series of consultations with stakeholders. Guyana’s Minister of Natural Resources, Raphael Trotman, said...
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Opposition Leader calls for release of ExxonMobil, other contracts

OilNOW -
Guyana’s Opposition Leader, Bharrat Jagdeo, is calling on the government to publicly disclose the contents of all contracts, including the agreement between the South American country and US super-major, ExxonMobil. At a press conference Friday at the Office of the Leader...
News

ExxonMobil prepared to “follow the law” on contract disclosure – Brasington

OilNOW -
As discussions continue in Guyana on the issue of making the terms of the Production Sharing Agreement between ExxonMobil and the Government of Guyana public, the US super-major says it is fully prepared “to follow the law” in keeping...
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Guyana-Suriname Basin ranked 2nd most prospective in the world for oil

OilNOW -
An estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas could lie in the Guyana-Suriname Basin, making it the 2nd most prospective, underexplored offshore oil basins in the world, according to the United States...
News

ExxonMobil says Harvard climate study “inaccurate, activist-funded”

OilNOW -
ExxonMobil Corporation said on Wednesday a Harvard University study that concluded the US super-major misled the public on climate change  was "paid for, written and published by activists leading a five-year campaign against the company.” The Harvard researchers examined 187...
Production

Stones: World’s deepest offshore oil & gas project

OilNOW -
Stones is the world’s deepest oil and gas project, operating in around 2,900 metres (9,500 feet) of water in an ultra-deep area of the US Gulf of Mexico. The project started production in September 2016 from a Floating Production,...
News

Private sector urged to expand knowledge, hold unified position on O&G

OilNOW -
Guyana’s private sector is being urged to expand its knowledge base and adopt a unified position for the country’s emerging oil and gas industry. OilNOW sat down with former High Commissioner of Canada to Guyana, Pierre Giroux prior to his...
News

Mining giant BHP to sell US shale assets

OilNOW -
(BBC) Mining giant BHP Billiton will sell its US shale assets after pressure from shareholders to offload the underperforming business. The miner said a number of parties are interested in the assets and it is "actively pursuing options to exit". Shareholder...
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World’s largest EV brand now in Guyana, adding momentum to vehicle transition

The world’s largest electric vehicle (EV) manufacturer, BYD, has officially entered the Guyanese market through GT Automotive, a move...

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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