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Guyana’s first Tesla goes 233 miles on US$12.50 of charge – owner

Shikema Dey -
With the direction the world is heading, investing in an electric vehicle (EV) is becoming the more cost-effective and environmentally-friendly choice. And if the skyrocketing fuel prices do not offer enough motivation to switch from motorcars that run on gasoline or diesel, the benefits...
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IDB expands funding for capacity building efforts in Guyana as oil operations surge

OilNOW -
The accelerated pace of oil and gas operations in Guyana is demanding more from supporting institutions. The economic context is changing so quickly that the Inter-American Development Bank (IDB) has had cause to restructure and expand a multi-million-dollar loan...
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Guyana to the world: “we’ll do it our way”

OilNOW -
When it comes to the issue of climate change, the President of Guyana, Dr. Mohamed Irfaan Ali has reiterated that the nation will not be blamed or subjected to underdevelopment due to the inaction and planet degradation caused by...
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Guyana low-cost, high-quality oil resources remain vital to Hess portfolio

OilNOW -
The oil and gas resources discovered offshore Guyana since 2015 continue to play a key role in Hess Corporation’s portfolio and investor spending. The company has a 30% interest in the ExxonMobil-operated Stabroek Block offshore Guyana where nearly 11 billion...
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IMF gives Guyana thumbs up for restraint in spending oil revenues

OilNOW -
The International Monetary Fund (IMF) has not only lauded authorities in Guyana for the critical amendments it made to the Natural Resource Fund (NRF) law, but it has also praised the administration for not spending a cent until that...
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Guyana’s oil fund earns GY$21B from profit oil for May

OilNOW -
For May 2022, Guyana earned profit oil income from the Stabroek Block totaling GY$21,381,305,000 (approximately US$102,548,225.42). In the prior month, the country received royalties to the tune of GY$4,390,903,000 (approx. US$21,059,486.81). The following figures were extracted from the monthly Natural...
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Exxon wants to be go-to partner for NOCs – Woods

OilNOW -
Chief Executive Officer and Chairman of the Board at ExxonMobil Corporation, Darren Woods, said the company’s strategy is to make sure it is a central partner when national oil companies and other resource holders want someone to develop the...
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‘One Guyana’ hull in Indonesian waters, will head to Singapore soon – Hess

OilNOW -
President and Chief Operating Officer of Hess Corporation, Greg Hill, said the hull for the Yellowtail oil production vessel is complete, and sitting in Indonesian waters, waiting to travel to Singapore one the Prosperity, another Guyana-bound vessel, is complete. Prosperity...
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Guyana does not owe Exxon a cent; nonsense passing off as analysis – Vice President

OilNOW -
The contention that Guyana would not be able to reap the benefits of oil production without racking up millions of dollars in debt to Stabroek Block operator ExxonMobil is misleading, said the country’s Vice President, Dr. Bharrat Jagdeo. During a...
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Guyana not being relegated to status of ‘rent collector’; country seeking big gains from oil resources – Ramnarine

OilNOW -
Guyana’s steadfast drive for local participation in its oil and gas sector is being lauded by former Trinidad and Tobago Minister of Energy, Kevin Ramnarine. Though private sector leaders of the two Caribbean Community (CARICOM) nations have been at odds...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

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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