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Guyana’s tenth oil discovery makes her a future Latin American powerhouse

OilNOW -
(Merco Press) Due to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said. The super-major announced its tenth Guyana discovery this week, increasing the...
News

‘Political developments’ won’t derail Guyana’s O&G preparations – Persaud

OilNOW -
Guyana's former Minister of Natural Resources and the Environment Robert Persaud believes that the current trajectory that the country is on with regards to its oil and gas preparations will be maintained notwithstanding the recent collapse of the coalition...
News

“Not a squeak from CARICOM” on Venezuela’s latest threat to Guyana’s sovereignty – Persaud

OilNOW -
Almost three days after Venezuela’s navy intercepted a survey vessel contracted to ExxonMobil operating in the western portion of Guyana’s Stabroek Block, the 15-member CARICOM body of which Guyana is a founder-member, is yet to issue a statement on...
News

Guyana for early elections

OilNOW -
Just over a year before the South American country of Guyana welcomes its proceeds from offshore oil and gas resources, it has been plunged into political turmoil. The Guyana Government which enjoyed a one-seat majority, was on Friday night defeated...
News

ExxonMobil named Explorer of the Year

OilNOW -
ExxonMobil said today that it has been named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. Brad Corson,...
News

Guyana ahead of USA and Russia in 2018 oil discoveries

OilNOW -
Guyana leads the way ahead of industry giants the United States of America and Russia in terms of barrels of oil equivalent (boe) petroleum discoveries for the year 2018. According to a report from Rystad Energy, “2018 stands already as...
Exploration

CNOOC inks cooperation agreements with 9 international oil companies

OilNOW -
CNOOC Limited on December 18, 2018 announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. As...
News

PricewaterhouseCoopers submitted EOI for ExxonMobil cost recovery audit

OilNOW -
PricewaterhouseCoopers Advisory Services Limited submitted an Expression of Interest (EOI) to the Government of Guyana (GoG) for a cost recovery audit consultancy in relation to ExxonMobil’s exploration activities in the Stabroek Block offshore Guyana. “We have the right experience, the...
News

Guyanese business group calls for swift implementation of local content framework

OilNOW -
The Private Sector Commission of Guyana (PSC) is calling for the swift implementation of a local content framework within which local businesses can operate and meaningfully benefit from opportunities in the emerging oil and gas industry. Speaking at the Liza...
Industry Insight

Inter-generational equity and the rationale for Guyana’s “Sovereign Wealth Fund”

Bobby Gossai, Jr. -
The policy of investing resource revenues in reproducible capital suggests irresistibly that some appropriately defined stock is being maintained intact, and that consumption can be regarded as the "interest" on that stock (Solow 1986). Since the discovery of oil and...
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Suriname’s Caiman-1 well could unlock shallow end of ‘Golden Lane’ – GEOExPro 

Petronas is preparing to drill Caiman-1 in Suriname’s offshore Block 52, a move that could expand exploration into the...

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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