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Guyanese Energy Company teams up with Canadian counterparts in major joint venture

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Newly established Guyanese company; Pandora Energy has entered into a joint venture partnership with Coastal Safety Management Inc. and Safe Work Solutions Inc. of Canada to provide a range of services in the oil and gas industry. The official announcement...
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Change in political leadership should not affect national agenda – Persaud

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Guyana’s former Minister of Natural Resources, Robert Persaud, is calling for a framework to be established that would ensure there is some degree of continuity and consistency when it comes to how long-term goals for national development are treated...
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US to help Jamaica if Venezuela cuts oil

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(Jamaica Observer) United States Secretary of State Rex Tillerson on Saturday assured Jamaica that Washington would assist the Government in overcoming any fallout arising from supporting efforts to promote democracy in Venezuela. Tillerson, who was speaking at a press conference...
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Standoff in high seas as Cyprus says Turkey blocks Saipem 12000 drill ship

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(Reuters) - Cyprus on Sunday accused the Turkish military of obstructing a ship contracted by Italian oil company Eni from approaching an area to explore for natural gas, highlighting tensions over offshore resources in the east Mediterranean. A spokesman for...
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Trent University Prof. cautions Guyanese on oil development ‘myth’ at GIPEX 2018

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Trent University Professor, Suresh Narine, told participants at the Guyana International Petroleum Exhibition and Summit (GIPEX 2018) held in Guyana last week that revenue from oil production must be utilized to ensure across the board improvements in peoples’ development...
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GO-Invest makes pitch to oil executives for investments in support sectors

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Chairperson of the Guyana Office for Investment (GO-Invest) Board of Directors, Patricia Bacchus, on Wednesday made a pitch to international oil executives participating in the inaugural Guyana International Petroleum Exhibition and Summit (GIPEX 2018), urging them to explore investment...
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First shipment of pipes for oil production arrives in Guyana

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The first shipment of piping material to be used for oil production in the Liza development project offshore Guyana arrived on Wednesday evening at a shore base facility in the South American Country. This represents a major step towards the use...
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ExxonMobil adds 2.7 Bbbl to reserves, replaces 183% of 2017 production

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Exxon Mobil Corporation has added 2.7 Bboe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 Bboe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016....
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Guyana gov’t commends ExxonMobil on commitment to local content

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Guyana’s Ministry of Natural Resources on Friday commended ExxonMobil affliate Esso Exploration and Production Guyana Limited (EEPGL) and its partners HESS and CNOOC Nexen for their commitment to implementing the local content obligations embedded in its Petroleum Agreement with...
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Guyanese company team up with Trinidadian firm in O & G

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Guyana’s Oil and Gas sector continues to grow with the coming on stream of more indigenously-owned companies providing support services to the industry, the latest being GUYSONS Oil and Gas Logistics and Services. The announcement was made by GUYSON’s Chief...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water 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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