News

As Guyana continues with the development of its oil bonanza, the International Monetary Fund (IMF) said it is critical that the new producer mitigates any rise in corruption levels as this ultimately undermines overall growth. In a recent report, the...

While she agrees that Guyana must fast-track the development of its oil resources, Iman Hill, Chief Executive Officer (CEO) of the International Association of Oil and Gas Producers (IOGP), is urging authorities to put systems in place to ensure the "cleanest barrels"...

Russian seaborne crude exports have fallen to a 12-month low as a ban by the European Union along with price caps remain on the horizon. The shortfall in supply across Europe is being shored up by alternative sources of...

3t EnerMech, one of the companies involved in the upskilling of Guyanese workers, has been named ‘Regional Winner for East Africa and the Rest of the World’ by the Engineering Construction Industry Training Board (ECITB). The Board celebrates and rewards...

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...

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...

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...

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...

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...

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,...