News

News

Guyana’s draft oil spill bill completed – Attorney General 

OilNOW -
Guyana’s Attorney General and Minister of Legal Affairs, Mohabir Anil Nandlall has revealed that a draft for the long-awaited Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill has been completed. During the January 7, 2025, airing of his weekly television...
News

Guyana’s annual take from oil to balloon to US$9.2 billion in 2030 – Rystad Energy

OilNOW -
Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a Rystad Energy analysis.  The energy research firm contrasted this with the US$155 million it said Guyana got in 2020 - the...
News

240,000 bpd eyed for possible development of Longtail resource – John Hess 

OilNOW -
The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief Executive Officer, John Hess.  Longtail was confirmed as the next target following Hammerhead last December.  “We're all about bringing value forward so...
News

Oil accounted for 94% of extractives revenue in 2022 – EITI report

OilNOW -
Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled US$1.58 billion (approx. GY$331.52 billion). The oil and gas sector contributed the majority, accounting for $1.49 billion (GY$313.19 billion) or...
News

Guyana says Venezuela’s plan for election in Essequibo breaches peace accord and World Court order

OilNOW -
The Guyana government said an apparent plan by Venezuela to host an election in the Essequibo region is a clear violation of the Argyle Agreement - an agreement the two countries signed in December 2023 to keep the peace.  On...
News

Guyana tops rankings in total oil discovered since 2015 – Rystad Energy

OilNOW -
Since 2015, Guyana has emerged as the global leader in oil discoveries, with unmatched volumes boosting its position in the energy sector, according to Rystad Energy. The Norway-based intelligence company ranked Guyana against 19 other countries. They estimate that Guyana’s...
News

Over 100 Guyanese part of Stena Drilling crew

OilNOW -
Stena Drilling continues to prioritize local talent in its offshore operations, with over 100 Guyanese now forming a key part of its crew complement.  Stena’s International Logistics Manager, Richard Wells shared this detail via a LinkedIn video update.  Stena DrillMAX en...
News

Trinidad Energy Minister Young to assume PM role as Rowley bows out

OilNOW -
Stuart Young, Minister of Energy and Energy Industries of Trinidad and Tobago, will be the country’s next Prime Minister. He is set to replace Dr. Keith Rowley, who said last week that he will resign from the post ahead...
News

Hammerhead field development plan anticipated this year – Exxon 

OilNOW -
Sometime this year, ExxonMobil Guyana is expected to submit the Field Development Plan (FPD) for its Hammerhead project - the 7th proposed development for the Stabroek Block.  President Alistair Routledge shared this during his recent appearance on the Energy Perspectives...
News

American Petroleum Institute criticizes Biden administration’s 11th-hour plan to ban new offshore oil and gas activity

OilNOW -
The American Petroleum Institute (API) has condemned reports that the Biden administration plans to ban new oil and natural gas activity across millions of acres of federal waters. API President and Chief Executive Officer Mike Sommers called the move...
1...707172...1,017Page 71 of 1,017

Latest News

NewsOilNOW -

Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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.

Quick Access

Company Info

Social Networks