News

News

Lending from banks increase as confidence in Guyana economy now at all-time high

OilNOW -
The South American nation of Guyana has been benefitting from an influx of foreign and local investments in traditional and newer sectors. As a direct effect, an economic boom is currently underway, propelled by massive oil and gas resources...
News

‘Venezuela aggression against Guyana a threat to entire continent’ – PM tells union

OilNOW -
Guyana's Prime Minister is working to rally support in the region against Venezuela's claim on its territory. In his address to the Presidential Forum for the Progress and Integration of South America (PROSUR) Summit, Phillips told the union that the...
News

The main shore base behind Guyana’s massive oil discoveries has seen tremendous growth

OilNOW -
ExxonMobil’s massive oil discoveries in Guyana led to the creation of the Guyana Shore Base Inc. (GYSBI) back in 2017 to service the rapidly increasing operations offshore. It was the brainchild of four companies – Muneshwer's Limited, TOTALTEC Oilfield Services,...
Exploration

Guyana among potential ‘energy super basins’ of the world – WoodMac

OilNOW -
With the energy transition in full swing, emphasis is being placed on making the global upstream industry more sustainable. To do this, the focus has to be on abundant oil and gas resources in locations with access to low-cost...
News

South Korea keen on Brazil’s Tupi crude – Platts

OilNOW -
(S&P Global Platts) Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades' cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade...
News

Major transformational plan unveiled in country with world’s 17th largest oil reserves

OilNOW -
As Guyana continues to expeditiously develop its hydrocarbon resources, the government wants to ensure that it builds a framework that supports economic transformation taking place in the new oil producing country. Against this backdrop, President Dr. Mohamed Irfaan Ali...
News

Hotel business booming in world’s fastest growing economy

OilNOW -
Hospitality is one of the fastest growing sectors in Guyana. One businessman, Robert Badal, recently said that the Guyanese public hears an announcement of a new hotel project every week. In the span of just four days this past week,...
Exploration

TotalEnergies inks new PSC with Algeria’s Sonatrach for onshore blocks

OilNOW -
French multinational TotalEnergies signed a new 25-year production sharing contract (PSC) with Algeria’s state oil company Sonatrach, Occidental and Eni for two onshore blocks – 404a and 208 – in the Berkin Basin. The PSC, signed under Algeria’s new hydrocarbon...
News

Guyana aiming for major infrastructure overhaul by 2030, as largest building expo launched

OilNOW -
The Guyana government launched the International Building Expo at the National Stadium Friday night, the largest one to date, heralding a massive infrastructural overhaul for the new oil producing country this decade. Sherwyn Greaves, Chief Executive Officer of the Central Housing...
News

Expanded low carbon strategy tabled after months of consultations

OilNOW -
After more than seven months of nationwide consultations, the Guyana government tabled its new and expanded Low Carbon Development Strategy (LCDS) 2030 in the National Assembly on Thursday. It was the Senior Minister in the Office of the President...
1...373374375...998Page 374 of 998

Latest News

NewsOilNOW -

Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...

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