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In scathing rebuke, VP Jagdeo says anti-fossil fuel lobby targeting Guyana

OilNOW -
Guyana has been blessed with enormous oil and gas resources. The revenues from this remarkably lucrative sector can transform the country and enable its citizens to reach higher standards of living. These revenues can also buttress the diversification of...
News

Petrobras still has no CEO, but new chairman identified

OilNOW -
The hunt for a candidate to man Brazil’s state-run Petroleo Brasileiro (Petrobras) as its Chief Executive Officer (CEO) continues. However, a new Board Chairman was tapped along with nine other members. According to Petrobras, Gileno Gurjao Barreto – the new chair pick –...
Discoveries

APA shares fall 4% after encountering water-bearing reservoirs offshore Suriname

OilNOW -
APA corporation, an affiliate of Apache Corporation, said it encountered water-bearing reservoirs at Rasper well in the northwestern area of Suriname’s Block 53. “The well encountered water bearing reservoirs in the Campanian and Santonian intervals, evaluation of the open hole well...
Exploration

T&T intent on ramping up natural gas production to highest levels possible

OilNOW -
While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...
News

Ali says T&T must be part of the solution to declining natural gas reserves in North America

OilNOW -
Against the backdrop of a decline in proven natural gas reserves in North America, Guyana's President, Dr. Mohamed Irfaan Ali is advocating for Trinidad and Tobago’s gas reserves to be part of the solution. The Head of State made...
News

Guyana, T&T bid rounds could be hugely successful if key lessons are taken onboard, says advisor on energy

OilNOW -
As Guyana and Trinidad and Tobago prepare to auction oil and gas blocks later this year, Geologist & Geophysicist Anthony Paul, an energy and strategy advisor in the region, cited several key factors to consider for greater exposure and...
News

Caribbean must take control of its natural resources, says Dominican gov’t minister

OilNOW -
When it comes to developing the Caribbean’s natural resources – whether it be oil and gas, gold, diamond, or bauxite – Dominica’s Minister of Planning, Vince Henderson, believes this process should be controlled internally, devoid of influence from the...
News

US VP announces strategic plan to address climate crisis in Caribbean

OilNOW -
In light of the climate crisis and energy woes that plague the Caribbean, United States’ Vice President Kamala Harris on Thursday announced a plan to address those critical concerns. The United States’ primary mechanism for addressing energy security and the...
Exploration

Guyana-Suriname basin steals spotlight from Brazil – Rystad Energy

OilNOW -
The Guyana-Suriname basin has overtaken Brazil’s pre-salt play as South America’s leading exploration hotspot, says Rystad Energy, an independent energy research and business intelligence company based in Norway. This latest feat, it said, can be credited mostly to ExxonMobil’s basin-opening...
Opinions

Regional Oil and Gas Bonanza and the 25×2025 Food Import Reduction Imperative

OilNOW -
Dr. H Arlington D Chesney – OilNOW The Government of Guyana, in association with the CARICOM Secretariat, held an Agri-Investment Forum and Expo: investing in Vision 25x2025 from May 19 to 21, 2022. This initiative is consistent with the position...
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Latest News

Energy InsightsChevy Devonish -

Decision by Guyana’s High Court recognising a foreign arbitration award against Venezuela augurs well for Guyana’s reputation as an arbitration hub

In 2024, Guyana’s High Court registered/recognised two foreign awards in court actions brought by ConocoPhillips Gulf of Paria against...

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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