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IDB/IDA begins funding Guyana O&G development programme

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The Guyana Government has set aside an allocation in its annual national expenditure, to go towards the building of institutional capacity in the Oil and Gas sector as well as the advancement of its legal and regulatory frameworks. The multi-year...
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ExxonMobil, TT Energy Chamber and MNR to partner on spill response lecture

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Guyana’s Ministry of Natural Resources in collaboration with the Energy Chamber of Trinidad and Tobago and ExxonMobil will hold a public lecture on Sunday December 10, 2017 on oil spill readiness. The lecture is to be held in the Queen’s College Auditorium...
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ExxonMobil contract to be released in December – Minister of State

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After several months of controversy surrounding the full disclosure of the contract between Guyana and US oil major ExxonMobil, the country’s Minister of State said Thursday the document will be made public in December. Speaking to reporters at his post-Cabinet briefing,...
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Venezuela’s Maduro strips rival of U.N. post amid corruption purge: sources

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(Reuters) - Venezuela has ordered the removal of Rafael Ramirez, once a powerful oil minister and head of state oil company PDVSA, from his post as representative to the United Nations in New York, four sources with knowledge of...
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Local content expert back in Guyana for discussions; policy expected by year-end

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Advisor on Guyana’s Local Content Policy Framework and UNDP expert, Anthony Paul, is back in the South American country for another round of consultations as work continues on the document that would serve to guide how companies operate in...
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Canadian consultant talks up Guyana oil prospects

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Following the world class Liza discovery in Guyana in 2015 - the first oil find of its kind in the South American country - many experts in the industry have been weighing in on future prospects for the basin....
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ExxonMobil close to signing deal with Mauritania for O&G exploration

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(Reuters) ExxonMobil Corp. is close to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country, Mauritania’s oil, energy and mines director said on Wednesday. An ExxonMobil spokeswoman declined to comment...
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Brazil draw down largest signature bonus in history at 14th bidding round

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The 14th Bidding Round of blocks for exploration and production of oil and natural gas, held on September 27 by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), marked the reestablishment of the sector in the South...
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Shell accused of abuses in Nigeria’s Ogoniland

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(BBC) Oil giant Shell should be investigated for alleged complicity in" horrific crimes" committed by the military in Nigeria in the 1990s, Amnesty International has said. Shell encouraged a crackdown, which led to killings and the burning of villages in...
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Why is Exxon drilling 17 wells for Liza Phase 1?

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ExxonMobil along with its joint venture partners Hess and CNOOC Nexen will be drilling 17 wells in preparation for the Liza Phase 1 development project located 120 miles offshore the South American country of Guyana. But why is the...
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Guyanese businesses can benefit by joining Exxon’s virtual Feedback Session slated for Dec. 13

By Clement Smith - OilNOW Guyanese businesses interested in tapping into the oil and gas sector or already operating in...

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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