News

News

Guyana expects Exxon to apply for seventh offshore development in 2024

OilNOW -
The government of Guyana expects the Exxon-led Stabroek block co-venturers to propose a seventh offshore development in 2024. Minister of Natural Resources, Vickram Bharrat said the government budgeted GY$100 million (approximately US$480,000) to review the application.  “We have dealt with...
News

Africa, Latin America lead surge in high-impact drilling activities amid optimism for 2024 – Rystad

OilNOW -
The global upstream industry is eyeing a rebound in high-impact oil and gas drilling in 2024, with Africa and Latin America poised to be the driving forces behind these activities. According to Rystad Energy, a total of 36 high-impact...
News

Guyana production will hit 600,000 b/d by start of energy conference in February – Bharrat

OilNOW -
Guyana's Minister of Natural Resources, Vickram Bharrat, announced on Jan. 29, that the country is poised to reach an average of 600,000 barrels per day (b/d) in oil production by the end of February.  Bharrat commented during a press conference...
News

Could Biden’s freeze on LNG affect Guyana’s US$660M loan request from the US?

Shikema Dey -
President Joe Biden hit pause on LNG project approvals in the U.S., under pressure from climate activists. Talk of widening that net globally has emerged, to include projects seeking U.S. support. A Jan. 26 article by The New York Times...
News

Ghana’s Sentuo Oil Refinery to train Guyanese engineers

OilNOW -
Ghana's Sentuo Oil Refinery has pledged to train 12 Guyanese engineers or engineering students. The commitment was made following President Irfaan Ali’s official visit, during which he attended the refinery’s Jan. 26 commissioning. Guyanese engineers are a highly sought-after...
News

U.S. reimposes sanctions on Venezuela after opposition elections ban upheld

Shikema Dey -
Venezuela’s top court on Jan. 26 closed the door on key opposition candidates running against Nicolas Maduro for the presidency later this year. The Biden administration, in turn, reimposed the sanctions it had eased in a push for free...
News

Petrobras said it surpassed production milestones in 2023

OilNOW -
Brazilian state-owned oil and gas company Petrobras said it has exceeded its strategic 2023-27 guidance, achieving new oil and gas production milestones in 2023.  Petrobras said it achieved a total oil and natural gas production of 2.78 million barrels of...
News

Guyana among top 10% of countries with least debt – Ramkarran

OilNOW -
Prominent attorney, politician, and former Speaker of the National Assembly, Ralph Ramkarran, wrote in a recent column about Guyana’s strong debt position, noting that the country is among the top 10% of countries with the least debt. This distinction...
News

As Guyana’s budget expands by almost half, oil will fund 29%

Kemol King -
Guyana's 2024 national budget, set at a new high of US$5.496 billion (GY$1.146 trillion), reflects a 47% increase compared to the 2023 budget of US$3.75 billion (GY$781.9 billion). This expansion is being partially fueled by the nation's increasing oil...
News

QatarEnergy in new 15-year deal to supply LNG to Bangladesh

OilNOW -
QatarEnergy and Excelerate Energy (Excelerate) signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.  Under the SPA, Excelerate will purchase up to one million tons per annum (MTPA)...
1...148149150...1,000Page 149 of 1,000

Latest News

NewsOilNOW -

Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...

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.

Quick Access

Company Info

Social Networks