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China issues over 52 million mt of new crude quotas to 35 refineries

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(S&P Global Platts) China's Ministry of Commerce has released 52.56 million mt (385.26 million barrels) of crude import quotas to 35 qualifying independent and non-major state-owned refineries in the second batch for 2022, sources with those plants told S&P...
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Exxon says being ‘essential partner’ to Guyana is its number one priority

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The transformation of Guyana through revenues being generated from massive oil and gas production operations taking place off the country’s coast is underway. ExxonMobil, operator at the largest offshore block, along with co-venturers Hess and CNOOC, says being an...
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New East African oil pipeline to drive energy security, job creation benefits

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Energy security, job creation, community development and wider socio-economic growth are just some of the benefits set to accrue from the development of the East Africa Crude Pipeline (EACOP) by 2030. The EACOP – also known as the Uganda-Tanzania crude...
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Guyana seeking Gas-to-Energy project manager

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Guyana’s Ministry of Natural Resources has issued a request for proposals (RFP) for consultancy services related to the historic Gas-to-Energy project. The government needs the consultant to supervise the development of the integrated natural gas liquids (NGL) plant and...
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Oil reverse losses amid concerns of tight supply

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(Reuters) - Oil prices reversed losses and edged up on Monday as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. Brent crude futures for September rose 55...
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Israel shoots down drones heading to Energean’s new FPSO

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Three Hezbollah drones that appeared to be heading for Energean’s new FPSO have been shot down by Israeli forces. The FPSO recently arrived in the Mediterranean Sea for operations at the Karish gas field. Just weeks ago, Lebanon warned Israel against...
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Guyana, Suriname added over 1.2 billion barrels of discovered resources so far this year

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Norway based Rystad Energy says South America looks set to remain a global exploration hot spot for the next two years, driven primarily by activity in Brazil, Guyana, Suriname and Colombia. The region has seen a recovery in activity...
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Gas project will cut Guyana’s emissions for power generation in half

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Liam Mallon, President of ExxonMobil’s Upstream Company, said Guyana’s landmark Gas-to-Energy project exemplifies ExxonMobil’s commitment to progressing meaningful development in its business, because of the impact it will have on the South American country. “This project will produce half the...
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Guyana to resume national mangrove restoration project in low carbon push

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Being among the best natural carbon capture agents in the world, mangroves are an invaluable tool for any government in its quest to reduce a country’s carbon footprint. They can store three to four times more carbon than regular...
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Nothing in the world more exciting to work on than Guyana’s projects – Exxon Upstream President

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President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said he is extremely proud of the work ExxonMobil has done in Guyana, and extremely hopeful for the future and the...
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Tourism minister calls for cultural shift, stronger service standards to power Guyana’s next economic phase

Tourism, Industry, and Commerce Minister Susan Rodrigues has called for a national cultural transformation to align with Guyana’s rapid...

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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