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Guyana wants assurances its sovereignty not part of US discussions with Venezuela – VP Jagdeo

OilNOW -
As United States President Joe Biden looks for ways to lower gas prices, Guyana wants to make sure the North American nation’s support for its territorial integrity will not be made to hang in the balance. This was related to...
News

Guyana pursuing ‘full indemnification’ in insurance agreement with Exxon – EPA Chief

OilNOW -
As Guyanese await the completion of an agreement to strengthen insurance guarantees from ExxonMobil, Executive Director for the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that “full indemnification” is being pursued. He said ExxonMobil affiliate, Esso Exploration and Production...
News

Rich countries must exit oil production first, new climate report states

OilNOW -
Phase-out Pathways for Fossil Fuel Production - a 77-page analysis commissioned by an independent think tank, has determined that rich countries such as the United States of America (USA), Norway, and Saudi Arabia must exit oil production first to...
News

We are doomed to an infernal global disaster without immediate climate change action- AG Nandlall

OilNOW -
While Guyana has been persistent in its efforts to build the requisite legislative and regulatory framework to govern its trillion-dollar oil sector, it continues to be equally unwavering in its fight against the effects of climate change. In fact, Attorney...
News

Guyanese geoscientist Ashlika Persaud scores three discoveries at Stabroek Block

OilNOW -
Guyanese geoscientist Ashlika Persaud says she has a deep desire, and that is to do right by her company – ExxonMobil - and her country, where the discovery of massive amounts of oil since 2015 has placed the South...
News

Guyanese Engineers in Singapore for training on third oil production vessel

OilNOW -
Seven graduate engineers hired by SBM Offshore have arrived in Singapore for hands-on training on the Prosperity FPSO vessel, which is being constructed to support the Payara development in the Stabroek Block, offshore Guyana. The five men and two women...
News

Guyana seen as better option than Venezuela, in Biden’s bid to lower US gas prices

OilNOW -
Miami Herald columnist, Andres Oppenheimer says that if President Joe Biden of the United States wants to lower gas prices there, he would be better off negotiating with Guyana, rather than Venezuela. “President Biden recently sent a team of senior...
Exploration

Guyana pointing explorers to available acreage ahead of landmark bid round

OilNOW -
Guyana - the hottest new petroleum exploration destination on the planet - is currently inviting oil explorers to tap into unlicensed onshore and offshore acreages. As the country prepares to auction oil blocks later this year, the Guyana Office for...
News

More oil revenues for Guyana this year as Liza-1 production set to increase

OilNOW -
Since 2020, ExxonMobil had planned to make modifications to the Liza Destiny floating production, storage and offloading (FPSO) vessel to safely sustain oil production levels higher than its current nameplate of 120,000 barrels per day. This will soon become...
Exploration

Baker Hughes to boost well capabilities with acquisition of Norwegian firm

OilNOW -
Baker Hughes said on Monday that it will be acquiring Altus Intervention, a Norwegian company with four decades of industry experience developing well-intervention solutions. With this acquisition, Baker Hughes will have the opportunity to further improve its life-of-well capabilities for...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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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