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Guyana is number 2 in the world for discovered resources to date in 2019 – Rystad Energy

OilNOW -
Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made globally, with Russia topping the charts at number 1. Oil and gas companies have discovered 7.7...
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Avoid white elephants, bad spending and address the people’s needs – IMF urges Guyana

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Guyana, as a newcomer to the league of oil producing nations, is in a unique position to learn from and avoid the many mistakes which have been made by other resource-rich countries and to emulate best practices for effectively...
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Potential distress flare spotted by Bourbon Rhode searchers

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Bourbon Offshore said in an update Tuesday that following reports on Sunday by two seafarers on-board the Alp Striker of signals that they interpreted as potentially emanating from a distress flare, the vessel immediately set a course for the...
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BP, Shell in joint bid for renewable energy project in Trinidad and Tobago

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BP Trinidad and Tobago LLC (BPTT) has submitted a bid to the country’s Ministry of Energy and Energy Industries (MEEI) for a commercial scale solar power project with partners, LightSource BP and Shell. In a news update published on October 4, Trinidad and...
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Exxon awards contract for ‘biggest-ever private investment’ in Africa

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Exxon Mobil Corp. has awarded a contract to develop its Mozambique liquefied natural-gas project – said to be the biggest-ever private investment in Africa – to a JGC Corp.-led group, Bloomberg said in a report on Tuesday. Japanese company JGC...
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ExxonMobil Guyana contract consistent with other countries – IMF Mission Chief

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International Monetary Fund (IMF) Mission Chief to Guyana, Dr. Arnold McIntyre, says there is nothing unusual about the Production Sharing Agreement (PSA) which the country has with ExxonMobil for the Stabroek Block, where more than 6 billion barrels of...
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Flaring stays near record-high in the Permian

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Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according to Rystad Energy’s preliminary data for the third quarter of 2019. Venting is gas release without...
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Bristow gets greenlight from Bankruptcy Court for reorganization

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Bristow Group Inc. said on Monday the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company's Amended Plan of Reorganization and indicated that it will enter a written order to this effect. The Company expects to consummate...
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Exxon will not take final decision on Mozambique LNG project this week

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Exxon Mobil will stop short of taking a final investment decision (FID) on its massive $30 billion liquefied natural gas (LNG) project in Mozambique when it attends an event there on Oct. 8, a source familiar with the matter...
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Guyana could avert Dutch Disease with sound economic plan

OilNOW -
Warning bells have been ringing in the South American country of Guyana ever since ExxonMobil made its first world class discovery at the Liza field back in 2015. With every discovery since then – 14 to date by Exxon...
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Baker Hughes backlog hits record US$32.1 billion as LNG, offshore orders surge

Baker Hughes has reported a record $32.1 billion backlog in the third quarter of 2025, driven by strong orders...

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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