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Guyana – one of the world’s last oil and gas frontiers

OilNOW -
This article was first published in the T&T Business Newsday on October 21, 2021. ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...
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Explorers targeting ‘step out wells’ in prolific Guyana basin

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Ten billion barrels of oil equivalent and counting. The Guyana basin has gone from zero to prolific in just six years and from all indications, the volumes being discovered have not yet peaked. In fact, experts see much more...
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Ghana team to review Guyana’s work on local content, gas-to-energy, NRF – Dr. Ali

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As a follow-up to several bilateral engagements, a technical high-level team from the oil-producing nation of Ghana will soon visit Guyana to review amendments to the nation’s Natural Resources Fund (NRF) law as well as its draft Local Content...
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Exxon closes third quarter with US$6.8 billion, advantaged assets playing major role

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Exxon Mobil Corporation announced yesterday that it achieved an estimated US$6.8 billion, or US$1.57 per share in earnings at the close of the 2021 third quarter. This represents a US$7.4 billion increase over 2020 thanks to improved demand and...
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Exxon’s 3rd well at Canje Block fails to deliver commercial crude

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ExxonMobil has failed to encounter commercial crude at its third well on the Canje Block offshore Guyana – Sapote-1, drilled by the Stena DrillMax. The well was drilled in 2,549 meters (8,362 feet) of water and safely reached a total...
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Guyana tying growth of oil sector with domestic, global low-carbon transitions – President Ali

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Guyana’s President, Dr. Mohamed Irfaan Ali, has recognized once more that Guyana will need to align the development of its oil and gas sector with global trends towards decarbonization. To achieve this, the President has outlined strategic objectives that...
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Guyana unveils ambitious renewable energy plans with launch of draft LCDS 2030

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A draft of the more ambitious version of the PPP/C government’s flagship Low Carbon Development Strategy (LCDS) dubbed LCDS 2030 was unveiled on Thursday by Guyana’s President, Dr. Irfaan Ali. LCDS 2030 will be aimed at creating a new -low-carbon...
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Solar, Amaila, & gas-to-energy projects will power over 200 villages by 2027 – LCDS 2030

OilNOW -
A draft of the Guyana government’s updated Low Carbon Development Strategy (LCDS) has clearly outlined how the administration intends to power hundreds of communities nationwide with clean energy sources over the next decade. During the launch of the document on Thursday,...
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Opposition calls for comprehensive studies on gas-to-energy project in motion to Parliament

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Guyana’s main Opposition party, the A Partnership for National Unity + Alliance For Change (APNU+AFC), submitted a motion to the Clerk of the National Assembly, Mr. Sherlock Isaacs, on Wednesday which calls for comprehensive studies to be done before...
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Hess says Yellowtail is one of the world’s best projects

OilNOW -
When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as “one of the best projects on the planet,” says Hess Corporation’s Chief Operating Officer (COO), Greg Hill. He made this...
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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...

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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