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Opinions

Letter-to-the-Editor: Guyana needs to be wary of so-called foreign experts pronouncing on its economic affairs

OilNOW -
Dear Editor, Guyana needs to be wary of the many so-called foreign experts who are seeking to dominate the local press and pronounce on Guyana’s economic affairs. To this end, particular reference is made to the commentaries of Tom Sanzillo,...
News

Yellowtail cash flow amounts to almost US$10B over productive life – IHS Markit

OilNOW -
Due to the significant recoverable resources discovered at the Yellowtail field, IHS Markit estimates that total cash flow will amount to almost US$10B when ExxonMobil and co-venturers Hess and CNOCC move to develop the area. IHS, a global leader in information,...
News

High impact drilling for Guyana this year, Wood Mackenzie says

OilNOW -
With limited budgets and rich inventories after a few years of active acreage loading, explorers will drill only the prospects that really matter this year. In its new report on global exploration, UK-based consultancy group Wood Mackenzie said companies...
News

Pandemic brings new oil reality; some governments will offer better terms – Wood Mackenzie

OilNOW -
Governments, particularly those in economies dependent on the oil industry are looking to do their part by ensuring exploration and production activities remain economically feasible in an era where fiscal stress continues to be high, brought on by the...
News

Guyanese garment manufacturers outfitting Prosperity FPSO construction crew in Singapore

OilNOW -
Two local companies—Denmor Garments Manufacturers Inc. and Caribbean Clothing Company Ltd.—have secured contracts to manufacture a total of two thousand coveralls for construction workers in Singapore. The workers are supporting construction of the Prosperity, which will become the third...
Exploration

Bulletwood, Bonboni key wells to watch as exploration takes off in the Americas this year – Westwood

OilNOW -
Guyana and Suriname remain two major hotspots for exploration activity in 2021 with a number of key wells to watch as the Americas take the lead in the hunt for hydrocarbon resources this year. Westwood Global Energy Group said in...
News

Guyana could establish LPG, protein plant in Region 3 as part of major development drive

OilNOW -
The gas-to-power project which is a major initiative being undertaken in Guyana will see a pipeline landing in Wales, on the West Bank of the Demerara River, Region Three, where the government is looking to develop a commercial zone,...
News

Government welcomes start of Canje block campaign, Exxon expects to be on site for several weeks

OilNOW -
The Government of Guyana has welcomed the start of a new drill campaign off the country’s coast at the 4,800 sq km Canje block, which got underway on December 31. Natural Resources Minister Vickram Bharrat said exploration activity in this...
News

“Everybody is looking now for ‘sweet crude’ and we are in the market for that” – Guyana’s VP

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo has affirmed that Government intends to take full advantage of its reserves of ‘light sweet crude’, which are expected to remain highly competitive on the world market in the coming years, even as...
News

Bulletwood is ExxonMobil’s second attempt at hitting pay outside of prolific Stabroek block

OilNOW -
The 6.6 million acres Stabroek block has been proven to have a working hydrocarbon system across different play types, delivering upwards of 9 billion barrels of oil equivalent since 2015. The 18 discoveries made by ExxonMobil out of 20...
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Latest News

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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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