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Upstart oil producer Guyana turning heads, poised to eat up market share

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Producing oil in Guyana cost less than almost anywhere else in the world and this makes the South American country an extremely attractive investment destination for deepwater explorers. Many factors play a role in the production cost for a...
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The top three challenges of being the most appealing fossil fuel opportunity in the world

OilNOW -
By Arthur Deakin - OilNOW It is no longer a secret that Guyana is one of the most attractive investment opportunities in the world. The country has discovered 9 billion barrels of recoverable oil, and that is likely only half...
News

Petrobras takes over BP’s stakes in basin where geologist say Guyana oil-rich play extends

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The highly prospective Foz do Amazonas region in Brazil, which is part of South America’s Equatorial Margin, is considered to hold similar geology and prospects to Guyana and West Africa. But due to ongoing environmental challenges with permits in...
News

Tullow kicks off multi-well drill campaign in Ghana

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Tullow Oil plc (Tullow) announced on Tuesday the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field on April 5. As previously announced, the Maersk Venturer, which...
News

OilNOW TV webinar series continue tonight with focus on local content

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A revised draft Local Content Policy has been the focus of intense consultations in Guyana since February, and it is expected that an updated version of this document will form the basis for a local content framework that would...
News

Most of Exxon’s support operations that came from Trinidad now migrated to Guyana – Routledge

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ExxonMobil Guyana says it remains committed to a local content framework that supports the implementation of effective measures that would help to build a globally competitive workforce and supply base in the new oil producing South American country. The...
News

Guyana among just a handful of countries from where bulk of remaining deepwater oil resources will come – Wood Mackenzie

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While there’s no arguing that the energy transition is upon us, one thing is for sure: oil and gas will play a significant role in meeting energy demand for decades to come. This is according to U.K. based consultancy...
News

Local content consultations wrap up with participation from over 180 agencies, firms

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The Ministry of Natural Resources (MNR) said on Tuesday that it has concluded a series of strategic engagements with various stakeholders in Guyana on the revised draft Local Content Policy (LCP). MNR said this policy initiative responds to commitments made...
News

‘Level of negativity to oil industry in Guyana has always surprised me’ – Ramnarine

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Trinidad and Tobago’s (T&T) former Minister of Energy and Energy Affairs, Kevin Ramnarine, says he has been visiting Guyana frequently over the last five years and the one key thing that has always surprised him is the level of...
News

Bourbon mobilizing 3 more vessels for major Guyana deepwater operations

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Marine Services provider, Bourbon Offshore, is mobilizing three more vessels for its operations offshore the new oil producing country of Guyana. “We now have two on long term contracts with the major operator, and with these three with a...
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IMF forecasts another year of double-digit economic growth for Guyana 

Guyana is expected to be one of just two countries in the world to post double-digit economic growth 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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