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Canje Block explorer JHI puts GY$10 million towards flood relief efforts

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JHI Associates Incorporated, holder of a 17.5% stake in the Canje Block offshore Guyana, donated GY$10 million to the Civil Defence Commission (CDC) in support of its national flood relief efforts on Tuesday. The donation was made through Guyana...
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Guyana capacity to support offshore operations growing – ExxonMobil

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The giant Liza discovery in 2015 was Guyana’s first step into the world of oil and gas. With very limited industrial activity and virtually no experience in the petroleum industry, capacity in some areas had to be built from...
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Oil jumps to 2-year high as travel picks up

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(Reuters) Oil rose above $75 a barrel on Wednesday, reaching its highest since late 2018, after an industry report on U.S. crude inventories reinforced views of a tightening market as travel picks up in Europe and North America. The American...
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Guyana’s huge offshore developments take centre-stage at opening of ‘Gateway’ event

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Guyana’s massive hydrocarbon resources and offshore development plans were the key focal points at the opening of the 4th Annual Aberdeen-Guyana Gateway event on Tuesday, June 22. The 2-day event is bringing together the Aberdeen and Guyana energy communities...
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High-level Suriname delegation visits UK-based EnerMech at Guyana Shore Base

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Chief Executive Officer of Staatsolie Maatschappij Suriname, Mr. Anand Jaggesar and other senior staff, accompanied by Suriname Minister of Foreign Affairs, International Business and International Cooperation Albert R. Ramdin and Minister of Natural Resources David Abiamofo, recently visited EnerMech Guyana Inc....
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Exxon planning to cut staff by up to 10% at U.S. offices over next 3 to 5 years

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(Bloomberg) -- Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to...
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Guyana, Suriname will eat up more deep water investments as majors double down

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Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under...
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Avoid using oil money as ‘emergency slush fund’, urges financial analyst

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Challenges brought on by unprecedented flooding across Guyana and the impact of the COVID-19 pandemic have seen some sections of the populace calling for government to tap into the Natural Resource Fund (NRF) which currently holds over US$344M in...
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Aberdeen-Guyana Gateway to explore opportunities in South America’s new oil province

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Guyana’s continuing emergence as an energy hub will be explored during an online event which is due to take place on Tuesday, June 22 and Wednesday, June 23. Hosted by Aberdeen-based Granite PR, the Aberdeen-Guyana Gateway will move online for...
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Qatar Petroleum upbeat about increasing its presence in new South America hot spot

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Qatar Petroleum is increasing its presence in the Guyana-Suriname Basin where latest estimates put recoverable oil equivalent resources to well over 20 billion barrels, representing double what has been discovered so far across the new South American oil province. Suriname...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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