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Liza Unity delivering the goods for Guyana, Stabroek co-venturers

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The Liza Unity floating production storage and offloading (FPSO) vessel, which is poised to reach nameplate capacity of around 220,000 barrels of oil per day this year, is set to almost triple Guyana’s oil revenue and is already strengthening...
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As barrels build up in Suriname, calls for creation of oil fund will increase – Rystad Energy

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Suriname has taken another stride towards rivaling emerging hydrocarbons powerhouse and neighbor Guyana after TotalEnergies revealed yet another oil and gas discovery on Block 58, its fifth on the prolific tract and Suriname’s sixth offshore, Rystad Energy said in...
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Guyana will not be bullied on Local Content Policy – VP Jagdeo

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Guyana’s Vice President, Dr. Bharrat Jagdeo has indicated that the government will not be moved to weaken in any way, shape, or form, the powers enshrined in the new Local Content law which seeks to protect the rights of...
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Guyana business chamber pledges sustained campaign for fairer treatment among CARICOM states

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President of the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana, Timothy Tucker on Thursday said the business service organization will continue its campaign for equitable treatment of Caribbean Community (CARICOM) member states by the regional body and...
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Guyana seeking financial guarantee from Exxon for entire Stabroek block in event of oil spill

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Guyana’s Vice President, Dr. Bharrat Jagdeo revealed on Thursday evening that the government is working with ExxonMobil, the parent company of Esso Exploration and Production Guyana Limited (EEPGL) to secure an insurance guarantee for the entire Stabroek Block. The former...
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Guyana wants assurances its sovereignty not part of US discussions with Venezuela – VP Jagdeo

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

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

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

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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...
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Guyanese geoscientist Ashlika Persaud scores three discoveries at Stabroek Block

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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...
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Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery

Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are...

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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