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ExxonMobil plugs $2M into flood relief for affected areas in Guyana

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Guyana’s Minister of State, Joseph Harmon, said on Tuesday the Government of Guyana welcomes a $2M donation from ExxonMobil Guyana towards flood relief efforts for residents and communities affected due to overtopping of seas defences in sections of the...
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One year earnings from oil equals 8 from gold – Business Minister

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The Guyana Government has collected just over US$300M in royalties and taxes from all the gold produced in the country over the last eight years which means in the first year of oil production, the country will earn about...
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Guyana economy could reach size of T&T’s by mid 2020s – Ramnarine

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Fueled by oil revenue, Guyana’s economy is set to reach that of its CARICOM neighbor - Trinidad and Tobago - by the mid-2020s. This is the view of the twin island republic’s former Minister of Energy and Energy Affairs,...
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Oil companies give contracts disclosure thumbs up

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Making good on its promise to publicly release contracts signed with oil companies operating off the country’s coast, the Government of Guyana has to date published 3 such agreements - a move being commended by explorers. Sustained calls from the...
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Exxon-led consortium, Spain’s Repsol submit interest in Greek oil and gas tenders

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(Reuters) - Greece has received two expressions of interest for oil and gas exploration and exploitation tenders off Crete and in the Ionian Sea, the country’s oil and gas resources management company (HHRM) said on Monday. HHRM said a consortium...
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ExxonMobil gunning for oil at Liza 5

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ExxonMobil is set to begin another drilling foray this week in search of more oil off the coast of the South American country of Guyana. The company's affiliate - Esso Exploration and Production Guyana Ltd. will begin a 3-month drill...
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ExxonMobil exits Russian ventures, continues success off Guyana

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(JPT) A busy week for ExxonMobil marked a continued company-wide transition for the world’s largest public oil and gas firm, headlined by its withdrawal from once-promising Russian joint ventures and its announcement of a seventh oil discovery off Guyana. According...
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Noble Bob Douglas arrival signals start of development for oil production in Guyana

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The arrival of the Noble Bob Douglas drill ship in Guyana will signal the start of development of the Liza field which will bring first oil for the South American country in March 2020. The vessel is currently en-route to...
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Petronas discovers oil and gas in Gabon

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(Malay Mail) PC GAbon Upstream SA (PCGUSA), a subsidiary of Petroliam Nasional Bhd (Petronas), has discovered oil and gas at its Boudji-1 exploration well in Block F14 (Likuale), South Gabon. Petronas said the discovery marked a significant milestone for Petronas...
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Private Sector body ramping up efforts to prep Guyanese businesses for O&G

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Guyana’s Private Sector Commission (PSC) is spearheading a seminar scheduled to be held on Tuesday that will focus on opportunities and perspectives for the local business community in the country’s emerging oil and gas sector. PSC Chairman, Eddie Boyer, told...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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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