Guyana is undergoing a transformation that will in the next five years, make it unrecognisable. This transformation has been deemed the dawn of a modern Guyana, according to the South American nation’s Minister of Finance, Dr. Ashni Singh. Billions in...

By Kevin Ramnarine – OilNOW Guyana's decision to legislate for local content in its oil and gas industry has been the source of debate in Guyana and in T&T. At the heart of the issue is the value captured or...

As Guyana nears a decision on whether to form a national oil company (NOC), it is looking to mitigate risks historically associated with some NOCs such as corruption. To this end, government wants to ensure it does not create...

Chairman and Chief Executive Officer (CEO) of ExxonMobil, Darren Woods has highlighted that the oil giant is on a strong trajectory to meet the future energy demands of the world with Guyana remaining one of the key drivers of...

Merely 40 days after his appointment as Chief Executive Officer (CEO) of the Brazilian state-owned Petroleo Brasileiro SA (Petrobras), President Jair Bolsonaro has ordered that José Mauro Ferreira Coelho, the man he handpicked, be removed from the post. Coelho is expected to be replaced by...

If Guyana considers the establishment of a National Oil Company (NOC), Americas Market Intelligence (AMI) Analyst, Arthur Deakin, believes that partnering with Middle Eastern oil giant Saudi Aramco offers significant upside, although still presenting some notable risks. In his most...

Repsol, operator of the Kanuku Block offshore Guyana, is preparing to undertake drilling operations at the Beebei-1 prospect. OilNOW understands the well will be spudded around May 25. Repsol has a 37.5 stake in the Kanuku Block. The other partners...

Shareholders of the Australian Woodside Petroleum voted to move forward with a merger with the BHP’s Petroleum business, BHP said in a note. Woodside said 98.66% of the votes submitted favoured the merged. “All conditions precedent necessary to implement the Merger...

(S&P Global Platts) Details remained scant May 18 on a US policy shift that could chart a path for US companies to again invest in and operate Venezuelan oil projects as the Biden administration has reportedly begun to ease...

While the Guyana government has outlined a series of comprehensive reforms it intends to take over the next decade in its Low Carbon Development Strategy (LCDS) 2030, it has determined that it is also important to ensure international oil companies (IOC)...