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Hearing on ICJ’s jurisdiction in Guyana-Venezuela border controversy set for today

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The public hearings on the question of the jurisdiction of the International Court of Justice in the case concerning the Arbitral Award of October 3, 1899 (Guyana v. Venezuela) is set for today via video-conference at the Peace Palace...
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Guyana will face economic detriment if election impasse continues to delay projects – Rystad Energy VP

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Norway-based independent energy research company Rystad Energy says the prolonged political impasse in Guyana continues to be a risk to the country’s emerging oil and gas industry and the absence of a fully functional government to approve projects and...
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More Guyanese women entering oil and gas – almost 400 supporting Exxon’s operations

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A growing number of Guyanese women are entering the Oil and Gas sector as offshore operations in the South American country continue to expand in wake of multiple discoveries at the prolific Stabroek Block and beyond. Since 2015, ExxonMobil has...
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BP agrees to sell global petrochemicals business to INEOS for $5 billion

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(S&P Global) London — BP has agreed to sell its global petrochemicals business to INEOS for $5 billion as part of plans to "reinvent" BP into a more focused, integrated energy company. The sale agreement comprises all of BP's aromatics and...
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Iran says it sold gasoline to Venezuela at current prices

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(S&P Global) Tehran — Iran has exported gasoline to Venezuela under a "commercial deal" and none of the trades was for free, news agency IRNA reported on June 28, citing Iranian Oil Minister Bijan Zanganeh. "We haven't given charity gasoline to...
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Iraq to review some oil contracts at high-cost fields

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(Reuters) - Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production, Al-Sabah newspaper quoted the country’s oil minister as saying. “The ministry has a vision to open...
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US shale oil pioneer Chesapeake files for bankruptcy protection

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(AlJazeera) Chesapeake Energy Corp has filed for Chapter 11 bankruptcy protection, becoming the largest United States oil and gas producer to do so in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak...
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U.S./Canadian oil & gas rig count falls to record low again-Baker Hughes

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(Reuters) - U.S. and Canadian energy firms cut the number of oil and natural gas rigs operating to a record low again this week even as higher oil prices prompt some producers to start drilling again. The U.S. oil and...
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UPDATED: Exxon, Shell and BP among 19 firms shortlisted to market Liza Crude

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Oil majors ExxonMobil, Shell and BP are among 19 companies which have been shortlisted by a five-member Evaluation Committee formed by the Department of Energy in Guyana as part of the process to hire a firm to market the...
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Guyana begins to earn interest on oil revenue

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With close to US$100 million sitting in its Natural Resources Fund (NRF) account at the Federal Reserve Bank of New York, new oil producer Guyana has already began earning interest on some of that revenue even as the global...
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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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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