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Guyana seeking firm to conduct cost-recovery audit, validation of profit oil share

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Guyana’s Ministry of Natural Resources is seeking consultancy services for cost recovery audit and validation of the country’s profit oil share for the period January 2018 to December 2020. According to a notice published by the Ministry of Natural Resources,...
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OilNOW TV webinar series continue tonight with focus on local content

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A revised draft Local Content Policy has been the focus of intense consultations in Guyana since February, and it is expected that an updated version of this document will form the basis for a local content framework that would...
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Oil giant Saudi Arabia aims to build futuristic zero-carbon city of the future

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(S&P Global Platts) In an isolated patch on the Red Sea coast, Saudi Arabia has unveiled a grand vision of a futuristic zero-carbon community called Neom, fueled by hydrogen, a showpiece for Crown Prince Mohammed bin Salman in his...
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Gas-to-power infrastructure must be protected as a matter of national security – Ramnarine

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When Guyana's Petroleum Commission comes on stream, one of its key regulatory functions should be protecting the infrastructure for the gas-to-power project as a matter of national security. This is according to former Energy Minister for Trinidad and Tobago,...
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Junior oil and gas company exploring offshore Guyana appoints new geologist

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Eco (Atlantic) Oil & Gas Ltd. the junior oil and gas exploration company with licences in Guyana and the highly prospective basins in Namibia, announced on Thursday the appointment of Selma Usiku to the role of Senior Geologist. Usiku...
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OPEC+ throws caution to the wind with agreement to add over 2 million b/d to the market by July

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(S&P Global Platts) After months of preaching caution and saying the time was not right to raise oil production, OPEC and its partners abruptly agreed on April 1 to loosen their quotas and add more than 2 million b/d...
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Most of Exxon’s support operations that came from Trinidad now migrated to Guyana – Routledge

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ExxonMobil Guyana says it remains committed to a local content framework that supports the implementation of effective measures that would help to build a globally competitive workforce and supply base in the new oil producing South American country. The...
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Concern mounting about future of T&T’s gas industry as Proman idles plants

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Concern is mounting in Trinidad and Tobago about the future of the country’s gas industry following the inability of the National Gas Company (NGC) and Methanol Holdings (Trinidad) Limited/Proman to successfully conclude negotiations on a new gas supply contract. “Despite...
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Guyana among just a handful of countries from where bulk of remaining deepwater oil resources will come – Wood Mackenzie

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While there’s no arguing that the energy transition is upon us, one thing is for sure: oil and gas will play a significant role in meeting energy demand for decades to come. This is according to U.K. based consultancy...
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Guyana can join countries like Norway in producing high-protein biomass from gas resources

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While much of the attention has been on the benefits of low electricity rates with the gas-to-power project that is set to come on stream by 2024, an expert in the oil and gas industry says there are can...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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