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Exxon expects dip in Q3 profits

OilNOW -
ExxonMobil Corp signalled last week that its Q3 operating profits could dip to US$11 billion before impairments, a significant drop from its Q2 record of US$17.9 billion, according to a recent 8-K filing with the US Securities and Exchange...
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OPEC+ 2 million bpd production cut to take effect in November

OilNOW -
Led by Russia and Saudi Arabia, the Organisation of the Petroleum Exporting Countries and its key allies known as OPEC+ agreed this week to cut production by 2 million barrels per day (bpd). Importantly, this is the largest reduction...
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Is Guyana ready to go electric?

Kemol King -
The first photo to hit Facebook was of the vehicle being lifted off a ship and onto a wharf in Georgetown – a sleek, black Model Y Tesla – the first of its kind on Guyana’s shores and a...
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Europe’s scramble for alternative energy sources justifies Guyana’s accelerated oil development – petroleum expert

OilNOW -
If observers require a compelling global case to understand why Guyana’s accelerated march to energy independence is justified, then they only ought to look at the crisis gripping Europe, says Iman Hill, Chief Executive Officer (CEO) of the International Association of...
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UK launches massive bid round for 898 blocks

OilNOW -
With Europe locked in an energy crisis following the Russia-Ukraine war, the United Kingdom has launched its 33rd oil and gas licensing round for a whopping 898 blocks. Specifically, the UK’s North Sea Transition Authority (NSTA) issued a notice on Friday...
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Guyana Basins Summit 2022: Massive turnout at Ministry of Labour booth

OilNOW -
As the curtains of the Guyana Basins Summit came to a close, Minister of Labour Joseph Hamilton highlighted that there was a massive turnout at the Ministry of Labour’s booth at the summit. In an interview with OilNOW on Friday,...
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Blue Water Shipping launches Guyana office, to bring world-class logistics services

OilNOW -
Promising world-class logistics services in modern supply chain management, global provider Blue Water Shipping launched its Guyana office this week to tap into the country’s ever-expanding oil and gas sector. Since the first major discovery in 2015 by ExxonMobil, Guyana...
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Guyana aims to be CARICOM region’s arbitration capital, with upcoming Bill

OilNOW -
Guyana’s Attorney General and Minister of Legal Affairs, Mohabir Anil Nandlall SC, revealed on Wednesday that the government is pursuing an Arbitration Bill that will resolve disputes in Guyana’s oil and gas sector. This bill, he said, is part...
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Eco Atlantic begins drilling Gazania-1 Prospect in South Africa’s Block 2B

OilNOW -
Eco Atlantic, the junior exploration company focused on the offshore Atlantic Margins, said the Island Innovator semi-submersible drilling rig has begun drilling operations at the Gazania-1 exploration well in Block 2B located 25 kilometres (km) offshore the Northern Cape...
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Guyana’s petroleum and renewable agendas not at odds with each other – Canadian High Commissioner

OilNOW -
Canadian High Commissioner to Guyana, Mark Berman, holds the view that the agendas of Guyana’s petroleum and renewable energy sectors are not at odds. In fact, the High Commissioner highlighted that the country is in a fortunate position to...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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