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Guyana’s history with oil dates back centuries

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The possibility of Guyana having petroleum stemmed from observations of petroliferous occurrences recorded by Dutch explorers since the 1750s, but it was not until 1916 that the first significant effort to locate petroleum was undertaken. "In the 1700s several inconsequential...
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Liza 1 & 2 ‘will provide low cost energy for years to come’ – Hess CEO

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Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale in the move towards renewable sources of energy, the Liza Phase 1 and 2 developments offshore Guyana are expected to remain highly...
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We did not discuss Exxon; Guyana President says of meetings with Secretary Pompeo

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During his meeting with U.S. Secretary of State, Michael R. Pompeo, Guyana’s President, Dr. Mohamed Irfaan Ali, said that he did not engage in any discussion surrounding ExxonMobil. The President said that as it relates to Guyana’s oil and gas sector,...
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2020 expected to be a ‘one and done’ recession as oil demand set to bounce back – API

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The enormous challenges triggered by the COVID-19 pandemic this year have caused major disruptions to the global oil and gas industry resulting in thousands of lay-offs, multiple shut-ins and mounting uncertainties about the future of petroleum exploration and production....
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With the 3rd largest oil reserves in the world – Canada stands ready to help new producer Guyana build capacity – High Commissioner

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Guyana is being encouraged to harness the decades of experience in the petroleum industry that Canada has to offer, as the South American country moves to develop its vast hydrocarbon resources. This advice came from Canada's High Commissioner to Guyana, Lilian...
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Use oil revenues to push diversification agenda before window of opportunity is lost – Nokta urges

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President of the Guyana Manufacturing and Services Association (GMSA) Shyam Nokta believes that now is the time that Guyana must make the most of the opportunities to strengthen the South American country’s traditional economic sectors given not only the...
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Young Guyanese looking forward with anticipation to working on country’s first oil production vessel

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Spread moored around 120 miles offshore Guyana, the Liza Destiny FPSO will soon receive another batch of Guyanese who will be embarking on their first stint offshore to undergo on-the-job training as operations and maintenance (O&M) technicians, having recently...
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Guyana is a core investment priority, ExxonMobil affirms at CARIVS Summit

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President of ExxonMobil Guyana, Alistair Routledge on Tuesday reaffirmed the company’s commitment to the South American nation as two major oil discoveries last week boosted the oil giant’s flourishing portfolio in the prolific Stabroek block. Addressing attendees at the first...
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ExxonMobil Geologists anxious over results of deepest Guyana well ever drilled – Routledge

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US oil major ExxonMobil is paying keen attention to the drill campaign currently underway at Tanager-1 – the deepest well the company has ever drilled offshore Guyana. “Our Tanager well, which we started drilling in August, is unique and exciting,”...
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Guyana’s O&G opportunities take centre stage as CARIVS opens

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The growing opportunities in Guyana’s oil and gas sector took the spotlight on Tuesday as the inaugural ‘Caribbean Virtual Oil and Gas Summit’ (CARIVS) got underway. The three-day virtual event which also features an exhibition - CARIVS 2020 - was...
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MODEC to introduce new offshore training programme in Guyana 

MODEC is expected to unveil a new training programme to bolster Guyana’s existing offshore capabilities, Country Manager Rafeal Fumis...

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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