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TT’s new Prime Minister Stuart Young to maintain Energy Minister role

OilNOW -
Stuart Young will continue to lead Trinidad and Tobago’s Ministry of Energy and Energy Industries in his new position as Prime Minister. He was sworn in on March 17.  Young was originally appointed Minister of Energy on April 19, 2021,...
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Women leaders call for bold action on economic equality, leadership, and innovation

Shikema Dey -
At the 5th Annual Women & Girls Summit women leaders from across Guyana called for decisive action to close the gender gap, promote financial empowerment, and embrace technological innovation. The event brought together policymakers, entrepreneurs, and young women committed...
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Natural Resources Ministry fact-checks misinformation on Guyana oil industry 

OilNOW -
See statement from Guyana's Ministry of Natural Resources:  The Ministry of Natural Resources takes this opportunity to address the latest fabrications published by Glenn Lall on March 16 in Kaieteur News under the headline "Disasters of the Oil Industry Unfolding...
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Chevron reinforces confidence in Hess acquisition with purchase of shares

OilNOW -
Chevron Corporation has reinforced its commitment to acquiring Hess Corporation by purchasing 15.38 million shares of Hess’ common stock in open market transactions between January and March 2025. The purchase, conducted at prevailing market prices, was disclosed in a...
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Exxon ramping up capacity to produce nearly 2.2 million boe/d in Guyana by 2030

Kemol King -
ExxonMobil Guyana is on track to ramp up its capacity to produce oil, condensate and gas at almost 2.2 million barrels of oil equivalent per day (boe/d). This includes oil production capacity of approximately 1.62 million b/d, condensate production...
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Exxon hires New Wave to conduct marine warranty survey for Whiptail project 

OilNOW -
New Wave Offshore Energy has been selected as the marine warranty surveyor for ExxonMobil Guyana’s Whiptail development, a US$12.7 billion offshore oil project in the Stabroek Block, the company said on the weekend. Under the contract, New Wave Offshore will...
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Venezuela’s Opposition proposes overhaul of energy sector to entice international oil companies

OilNOW -
Venezuela's opposition has drafted a proposal to reform the country’s energy sector, aiming to attract international oil companies and increase pressure on President Nicolás Maduro, Reuters reported this week. The reform plan aims to gain support from U.S. oil...
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Guyana’s oil boom could surpass Mexico’s declining sector by 2030

OilNOW -
The global oil industry is changing, with Guyana's production rising quickly while Mexico's output declines. This is according to Adrian Duhalt, a fellow at the Texas-Mexico Center at the Southern Methodist University, who pointed out their contrasting paths. “Guyana’s oil...
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Guyana’s energy boom could fuel AI revolution, says industry expert

OilNOW -
Guyana’s economic growth and expanding energy sector present a major opportunity to embrace artificial intelligence (AI) and data mining. Industry expert Aly Orady, Founder and Chief Technology Officer at Tonal, believes the country has a strategic advantage due to...
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G7 coalition backs Guyana in Venezuela border row

OilNOW -
The Group of Seven (G7), a powerful coalition of the world’s most advanced economies, has defended Guyana’s internationally recognized sovereign rights. This comes in the wake of a Venezuelan naval incursion into the South American nation’s exclusive economic zone...
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Guyana's Oil LedgerKemol King -

Guyana oil fund swells past US$3.6 billion

Guyana received nearly US$213 million (GY$$44 billion) in oil revenues in August, according to the latest Natural Resource Fund...

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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