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Guyana now producing over 300,000 barrels of oil per day – Bharrat

OilNOW -
The start-up of Phase 2 of the Liza Development has pushed daily output in South America’s newest oil producing nation to above 300,000 barrels per day. The Liza Unity floating, production, storage, and offloading (FPSO) vessel arrived at the ExxonMobil-operated...
News

Guyana seeking Gas-to-Energy project manager

OilNOW -
Guyana’s Ministry of Natural Resources has issued a request for proposals (RFP) for consultancy services related to the historic Gas-to-Energy project. The government needs the consultant to supervise the development of the integrated natural gas liquids (NGL) plant and...
News

With every question answered, Gas-to-Energy must now move forward – President Ali

OilNOW -
Promoting the upcoming Gas-to-Energy project, Guyana President Dr. Mohamed Irfaan Ali said the landmark energy initiative has undergone every single test of public scrutiny and passed. “As far as I’m aware, every single question has been provided with an answer...
News

Gas production more important now than ever; Guyana forging ahead

OilNOW -
Outside of the introduction of a robust Local Content Legislation, Guyana intends to use the Gas-to-Energy project as a means of maximising benefits to the country from the deal it has with ExxonMobil. This was said by Vice President,...
News

Guyana to seek int’l project manager for Gas-to-Energy Project

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo recently disclosed that the government intends to seek an international project manager for the construction of the power plant and natural gas liquids processing facility, the components of the Gas-to-Energy project it is...
News

Oil and gas is the only sector in Guyana with a carbon tax – Vice President

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo says there are several reasons why the institution of a US$50 per tonne payment for flaring of carbon dioxide should not be dismissed as nominal. For one, it represents a move from no...
Exploration

Guyana oil could help meet global demand for next 20-30 years

OilNOW -
Even as the world transitions to renewable energy, demand for fossil fuels will remain robust over the next 20-30 years. Guyana’s low cost, low carbon barrels are best positioned to meet this demand and the South American country has...
News

TotalEnergies to partner with QatarEnergy for world’s largest LNG project

OilNOW -
Following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded a 25% interest in a new joint venture (JV), alongside national company QatarEnergy (75%). The...
News

Exxon unrivalled in the deep; developing Guyana oil fields at record pace

OilNOW -
With four sanctioned projects in Guyana since the first oil discovery in 2015, of which two are currently in production at industry-leading timelines, ExxonMobil has proven itself "an unmatched project manager of deepwater projects." This point was recently made by...
News

‘Fully integrated fiscal model’ confirms billions projected in annual oil revenues for Guyana from 2025

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo recently told reporters that Guyana expects to bring in US$2 billion per annum in oil revenue from 2025, based on a US$50 per barrel price of crude. He said if that calculation is...
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Guyana's Oil LedgerKemol King -

Guyana oil fund swells past US$3.6 billion

Guyana received nearly US$213 million (GY$$44 billion) in oil revenues in August, according to the latest Natural Resource Fund...

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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