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Liza 1 & 2 ‘will provide low cost energy for years to come’ – Hess CEO

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Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale in the move towards renewable sources of energy, the Liza Phase 1 and 2 developments offshore Guyana are expected to remain highly...
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Bharrat outlines more measures for managing Guyana oil resources

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Guyana’s Minister of Natural Resources, Vickram Bharrat, has outlined a number of new policy directions for the extractive sectors including oil and gas aimed at strengthening technical capacities of the agencies that manage the new sector.   During a budget...
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Oil workers flee as third storm in month aims for U.S. offshore fields

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(Reuters) - Royal Dutch Shell halted some oil production and began evacuating workers from a U.S. Gulf of Mexico platform, the company said on Friday, as a new tropical storm flared. Beta, the 23rd named storm of the Atlantic hurricane...
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U.S, Guyana Working Group on energy and investments to be formed

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Following the signing of a Memorandum of Understanding (MoU) between U.S Secretary of State, Michael Pompeo and Guyana’s President, Dr. Mohamed Irfaan Ali, on energy and infrastructure finance and market building cooperation, a Working Group comprising representatives from the...
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“We don’t apply political pressure connected to our commercial enterprises” – US Secretary of State

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U.S. Secretary of State, Michael R. Pompeo says that the United States does not exert political pressure on countries to further the interest of American businesses operating in their territory. In an interview on Guyana’s state television channel, Pompeo said that...
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Pompeo visit affirms Guyana’s importance to the US – Kevin Ramnarine

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Former Minister of Energy and Energy Affairs of Trinidad and Tobago Kevin Ramnarine believes United States Secretary of State Michael Pompeo’s visit to Guyana indicates that the Caribbean country is becoming more valuable to the world leading economic power. Guyana...
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We did not discuss Exxon; Guyana President says of meetings with Secretary Pompeo

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During his meeting with U.S. Secretary of State, Michael R. Pompeo, Guyana’s President, Dr. Mohamed Irfaan Ali, said that he did not engage in any discussion surrounding ExxonMobil. The President said that as it relates to Guyana’s oil and gas sector,...
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2020 expected to be a ‘one and done’ recession as oil demand set to bounce back – API

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The enormous challenges triggered by the COVID-19 pandemic this year have caused major disruptions to the global oil and gas industry resulting in thousands of lay-offs, multiple shut-ins and mounting uncertainties about the future of petroleum exploration and production....
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Yellowtail could add another 220,000 bpd to Guyana output, 7 floaters on the cards – Hess

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Though the Hammerhead area was targeted for the fourth development project in the Stabroek block offshore Guyana, the high quality oil discovered back in July during the appraisal drilling at the Yellowtail field has changed the plans for the...
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Pompeo discusses leveraging Guyana’s wealth of natural resources with President Ali

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Shortly after arriving in Guyana on Thursday, U.S. Secretary of State Michael R. Pompeo met with President Irfaan Ali, during which the two leaders discussed several matters including leveraging Guyana’s wealth of natural resources for the country's development. Following his meeting with the...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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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