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Solar farms advancing at two of Guyana’s towns

OilNOW -
Lethem and Bartica, two of Guyana’s towns, will see significant savings in fuel costs and emissions, with the addition of solar farms there. Prime Minister, retired Brigadier Mark Phillips visited the more recent construction at Bartica on Tuesday, which is...
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Exploration’s star is rising; Guyana-Suriname basin shining brightest

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High-impact exploration in deepwater plays is reserved to major oil players – like ExxonMobil, TotalEnergies, BP, Royal Dutch Shell – and a few leading National Oil Companies (NOCs). The reason, according to UK-based consultancy group Wood Mackenzie, is because only...
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Guyana gov’t exploring options for oil refinery in Berbice county

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Investors have signaled their interest in constructing an oil refinery in Guyana’s Region Six with the government already receiving six proposals to consider, according to the President, Dr. Mohamed Irfaan Ali. “We have more than six proposals for refineries, small...
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CGX Energy bets all assets on US$35M Frontera loan to finance deepwater port, Corentyne Block activities

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CGX Energy and Frontera Energy Corporation have sealed a US$35 million loan agreement that will see CGX Energy continue plugging more funds in the Corentyne Block and the Berbice Deepwater Port along with other costs associated with the deal. The US$35 million...
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TOTALTEC academy trained over 550 Guyanese since 2018 – report

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The International Petroleum and Maritime Academy (IPMA) has trained and certified more than 550 Guyanese since its establishment, TOTALTEC said in a release commemorating two of the school’s anniversaries. It is celebrating one year since being awarded ISO 9001 certification,...
Discoveries

Petrobras makes new oil find in Campos basin

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Brazilian state-run oil company Petrobras recently announced the discovery of a new accumulation of oil in the pre-salt of the southern part of the Campos Basin in a pioneer well in the Alto de Cabo Frio Central block. The Well 1-BRSA-1383A-RJS (Alto de Cabo...
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Natural Resource Fund records GY$31.5M profit for Q1 2022

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The Natural Resource Fund (NRF) recorded a profit of $31.57 million (US$151,412.05) for the first quarter of 2022 solely due to interest earned on deposits. According to Bank of Guyana’s Q1 report, the market value of the Fund at...
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Record 31 discoveries made offshore Guyana since 2015

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After encountering 45 dry holes over a period of 50 years, Guyana’s oil story has dramatically changed in just 7 years with the South American country hitting 31 discoveries offshore since 2015, most of which have been commercial finds...
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Oil & Gas compensation packages putting upward pressure on other sectors to remain competitive – PWC Guyana

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The growth of the oil and gas sector in Guyana is quickly becoming a beacon for competitiveness when it comes to compensation for workers, as it contributes to the country’s gross domestic production (GDP) in larger share, year after...
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Rich countries continue to approve new oil and gas projects despite climate concerns

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The latest report from the Intergovernmental Panel on Climate Change (IPCC) released last week says it’s “now or never” for governments to start staving off emissions to save the planet from irreversible climate disaster. Rich countries seem to be...
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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...

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