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Guyana Labour Minister encourages oil sector to utilise new job bank

OilNOW -
Guyana’s labour Ministry launched a national job bank online on Friday to connect the unemployed with jobs across the country. Subject minister, Joseph Hamilton, said during the launch ceremony that the government wants companies in the oil and gas sector to...
News

Policy experts say oil revenues can help shape Guyana’s climate path

OilNOW -
Two policy experts believe that there should no longer be much of a question of whether Guyana should develop its oil resources to fuel its sustainable development. Wazim Mowla, who focuses on Caribbean studies and foreign policy, said it...
News

Stabroek Block partners fund $120M hinterland poultry project, in bid to reduce livestock import bill

OilNOW -
In their first regional socioeconomic project under the Greater Guyana Initiative (GGI), the Stabroek Block co-venturers have targeted the livestock industry in the Rupununi area with a US$120 million (US$608,000) grant. The ‘EggSandwich Project’ seeks to reduce the livestock import...
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Coal prices soar to highest level in more than 200 years

OilNOW -
Coal prices are soaring, hitting $462 per tonne on Thursday, up from $186 on February 23 and likely to pass $500 this year, Rystad Energy said following its new research. While most of Europe and the wider world have focused on how...
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Oil price boom will delay Latin America’s energy transition – AMI

OilNOW -
As oil producers in the Latin America region mull a balancing act between petroleum extraction and sustainability, Americas Market Intelligence has predicted that the all-time high oil price brought on by the Russian invasion of Ukraine will delay the...
Exploration

CGX raises US$35 million for new well on Corentyne Block, other activities in Guyana

OilNOW -
CGX Energy Inc. and Frontera Energy Corporation announced on Friday that they have entered into a financing agreement for a US$35 million loan that will enable CGX to continue to finance part of its share of costs related to...
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Ratio Energy Co-founder, “Father of Leviathan gas field” bestowed with Honorary Doctorate

OilNOW -
Haifa University has bestowed geologist and Co-founder of  Ratio Energy, Eitan Aizenberg with an honorary doctorate for his contribution and groundbreaking work in the field of geology, which has made a valuable contribution to the State of Israel. In 1992,...
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Guyana received GY$23 billion in profit oil, royalty as of Feb. 2022

OilNOW -
As of February 28, 2022, Guyana’s Natural Resource Fund (NRF) received GY$23B in profit oil inclusive of royalty payments from Q4 2021. Bank of Guyana records show that for January 2022 the royalties collected totaled, GY$3,354,340,000 while profit oil payments...
Exploration

Exxon, EPA could have agreement in place by month end for US$2B environmental assurance

OilNOW -
ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) on Wednesday told reporters that in the very unlikely event a major accident such as an oil spill occurs at the offshore Stabroek Block, the consortium has the technical and...
News

ExxonMobil has grievance mechanism in place for feedback from the public – Persaud

OilNOW -
Public concerns or complaints related to ExxonMobil’s operations in Guyana can be recorded and addressed through a Community Grievance Mechanism. The company’s Media and Communication Manager, Janelle Persaud, pointed out to reporters on Wednesday that the Mechanism’s purpose is for...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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