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With the 3rd largest oil reserves in the world – Canada stands ready to help new producer Guyana build capacity – High Commissioner

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Guyana is being encouraged to harness the decades of experience in the petroleum industry that Canada has to offer, as the South American country moves to develop its vast hydrocarbon resources. This advice came from Canada's High Commissioner to Guyana, Lilian...
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Upfront investment in proprietary data, technology behind multi-billion-barrel discoveries offshore Guyana – ExxonMobil

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The unprecedented success rate for discoveries that ExxonMobil has had offshore Guyana since 2015 is being attributed to proprietary seismic data and technology the company has developed over the years. Company officials told participants at the Caribbean Virtual Oil and...
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Guyana, United States set to sign ‘Growth in the Americas’ MoU to push energy, infrastructure investments

OilNOW -
U.S. Secretary of State Michael R. Pompeo’s visit to the new oil producing country of Guyana will see the signing of a Memorandum of Understanding (MoU) geared towards improving the investment environment in the South American nation. According to a Senior State...
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Use oil revenues to push diversification agenda before window of opportunity is lost – Nokta urges

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President of the Guyana Manufacturing and Services Association (GMSA) Shyam Nokta believes that now is the time that Guyana must make the most of the opportunities to strengthen the South American country’s traditional economic sectors given not only the...
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Respect for international law and norms critical at this time, vital for oil and gas – Mia Mottley

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The emergence of Guyana and Suriname as key energy producers in CARICOM has the potential to significantly increase cross-border trade, investment, and regional prosperity. However, Prime Minister of Barbados, Mia Mottley, is warning that this will only be successful...
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Young Guyanese looking forward with anticipation to working on country’s first oil production vessel

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Spread moored around 120 miles offshore Guyana, the Liza Destiny FPSO will soon receive another batch of Guyanese who will be embarking on their first stint offshore to undergo on-the-job training as operations and maintenance (O&M) technicians, having recently...
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Oil jumps above $41 as storm hits U.S. output, inventories drop

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Oil rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore production and an industry report showed U.S. crude inventories unexpectedly decreased. More than a quarter of U.S. offshore output was shut on...
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SBM Offshore plans to put more Guyanese on FPSOs and in shorebase offices – Michiel Heuven

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SBM Offshore is looking to increase its local workforce and build the capacity of Guyanese to take up more leadership positions in its operations in the new oil producing South American country. This is according to the company’s Head...
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ExxonMobil expects ‘significant progress’ on gas to shore project in the coming year, says benefits are clear for Guyana

OilNOW -
The newly elected Guyana government has affirmed its position on a gas to shore project, committing to developing a natural gas power generation facility in order to cut the country’s energy cost by some 60 percent; and ExxonMobil Guyana says...
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Guyana is a core investment priority, ExxonMobil affirms at CARIVS Summit

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President of ExxonMobil Guyana, Alistair Routledge on Tuesday reaffirmed the company’s commitment to the South American nation as two major oil discoveries last week boosted the oil giant’s flourishing portfolio in the prolific Stabroek block. Addressing attendees at the first...
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Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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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