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Guyana can use growing international clout to advocate for regional interest – Mowla

OilNOW -
The new oil producing South American country of Guyana can use its growing international clout to advocate for regional interest. This is the view of Wazim Mowla, a Guyanese American and assistant director of the Caribbean Initiative at the...
News

Coordinated emergency oil release on the cards, says White House official

OilNOW -
The Joe Biden administration is "exploring" another release of emergency oil stocks with ally countries if needed, a White House official told S&P Global Platts on Thursday. "No decisions have been made," the Platts quoted the official saying. The White House...
News

Guyana committed to big volumes, other countries rushing to boost output

OilNOW -
Guyana’s landmark gas-to-energy project which will see a 225 km pipeline landing onshore from massive oil and gas production installations at the ExxonMobil-operated Stabroek Block will come online as other countries around the world also look to ramp up...
News

Oil prices could hit US$130 a barrel on Russia-Ukraine crisis, says Rystad Energy

OilNOW -
Chief Executive Officer (CEO) of Rystad Energy, Jarand Rystad, is of the view that oil prices could go as high as US$130 a barrel on account of Russia’s invasion of Ukraine on Thursday.  In his most recent post on...
News

Is this the beginning of the end of Europe’s umbilical relationship with Russian gas?

OilNOW -
High commodity prices, inflated by Russia’s invasion of Ukraine, are a boon for Russia, according to U.K. based consultancy group Wood Mackenzie. Higher export revenues will boost an existing fiscal surplus and swell buoyant financial reserves. According to Simon Flowers,...
News

World leaders condemn Russia’s invasion of Ukraine; unleash strong series of sanctions

OilNOW -
Russia’s invasion of Ukraine has thus far resulted in the death of 137 soldiers and civilians with hundreds wounded. This has attracted worldwide condemnation and some of the harshest sanctions the Vladmir Putin administration has ever faced. The Russian attack...
Exploration

Investment in technology delivering big results for Exxon in Guyana – Woods

OilNOW -
The application of technology across a broad spectrum of its operations in Guyana has enabled ExxonMobil to deliver significant discoveries at an unprecedented rate since the company hit the first jackpot at Liza-1 just under seven years ago. This...
News

US$37.5M O&G manufacturing plant for Guyana’s East Coast corridor

OilNOW -
Guysons K + B Industries (GKB) plans to spend US$37.5 million to repurpose a factory located on Guyana’s East Coast corridor to provide oil country tubular goods (OCTG) and premium accessory services to the oil and gas sector. GKB, a...
News

Oil surpasses US$100 for the first time since 2014

OilNOW -
(Reuters) - Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy supplies. After Russian President Vladimir Putin...
News

Do renewables have a role in Guyana’s energy landscape?

OilNOW -
By Jerry Haar and Siddharth Upadhyay – OilNOW There is no doubt that Guyana is poised to become the Saudi Arabia of South America. As reported in OilNOW late last year, ExxonMobil—the largest oil company operating in Guyana—announced that since...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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