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Opposition Leader calls for resignations amid revelations “advance payment” received from ExxonMobil

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Opposition Leader Bharrat Jagdeo is calling on Guyana’s Ministers of Finance and Natural Resources to immediately resign from government over the revelation that a ‘signing bonus’ was in fact paid by ExxonMobil. The former President now Opposition Leader and General...
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‘We did what we did to safeguard Guyana’ – Trotman

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Minister of Natural Resources Raphael Trotman today confirmed that government has in fact received ‘advanced payments’ from US Oil Giant Exxon Mobil and its exploration partners -monies he said, have since been set aside to protect Guyana’s territorial integrity. The...
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Guyana shortlists sites for ‘natural gas’ power plant

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The Guyana Government has identified two sites in Regions Four and Six for the construction of a new power generation facility, utilizing natural gas to be had from offshore oil production activities. The revelation was made by Minister of Public...
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Confront racial tensions ahead of oil wealth urges Guyanese Professor

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It is incumbent on the Guyanese people to use its fear of foreign conglomerates such as the oil companies currently exploring offshore to become adaptive in order to seek out the relevant information to garner a better understanding of...
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Chevron projects $18.3B spending budget, down 4 percent

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Chevron Corp (CVX.N), the second largest U.S.-based oil producer, is budgeting $18.3 billion for capital projects next year, the company said on Wednesday, about 4 percent less than this year and lower for a fourth year in a row. International...
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MSGB Basin shows new West African promise

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(Hart Energy) At night from space it’s easy to see why Africa is called the “Dark Continent,” but bright oil and gas lights are starting to flicker in West Africa, reflecting huge hydrocarbon potential that could still play an...
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UK will react firmly if Venezuela violates Guyana territory – British High Commissioner

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Reminiscent of a 2013 maritime incident in which a US-operated vessel was seized by the Venezuelan navy while in Guyana waters searching for oil, British High Commissioner to Guyana, Greg Quinn, says similar aggression by the Bolivarian Republic in...
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Petrobras: New Mero field contains 3.3 billion barrels of oil

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(Offshore) Brazilian oil company Petrobras has declared commerciality of the field in the Libra Northwest area, in the pre-salt of Santos Basin off Brazil, renaming it Mero. Namely, Petrobras said in its statement last Thursday that it had submitted the declaration...
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First Mobil-branded service stations to open in Mexico

OilNOW -
ExxonMobil announced today a partnership with retailer Grupo Orsan to open eight Mobil-branded service stations this week in Querétaro as part of the company’s entry in Mexico’s fuels market. ExxonMobil plans to open 50 Mobil stations in the Bajio region...
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Guyana President stresses ‘people before profits’ at UN meeting in Kenya

OilNOW -
Guyana’s President, David Granger, told those gathered at the United Nations Environment Assembly in Nairobi, Kenya on Monday that people must come before profits in the extractive industry. The Head-of-State also shared a three-pronged approach, geared towards helping small...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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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