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Opinions

An approach to healing Guyana’s socio-political and economic ills [Part 1 of 2]

OilNOW -
By Wilberne Persaud - OilNOW Consider 1: “It should be borne in mind that there is nothing more difficult to arrange, more doubtful of success, and more dangerous to carry through than initiating changes in a state’s constitution. The innovator...
Opinions

Guyanese leadership in the Oil and Gas sector will require Guyanese excellence in STEM education

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By Dr. Terrence Richard Blackman - OilNOW In an updated forecast, it has predicted that oil prices will average just above $50/b in 2021. If the IMF's projections hold, each lift of Guyana's share of crude oil from the Liza...
News

Halliburton will service 100% of its Guyana operations in-country from this year

OilNOW -
U.S. oilfield service company Halliburton aims to have 100 percent of its operations serviced from Guyana in 2021. The company expects this move to result in a major increase in its in-country purchases, by at least 50 percent, and...
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Credit agencies should reward oil majors for natural gas developments

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By Arthur Deakin - OilNOW On January 26, one of the most influential credit rating agencies in the world, Standard & Poor’s (S&P), said it was considering downgrading the rating of 13 major oil and gas producers, including ExxonMobil, Shell...
Opinions

A consortium of investors can be put together for gas to shore project

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By Joel Bhagwandin A contextual Economic & Financial Analysis of Guyana’s Gas to Shore Project Part 2 Though it is assumed that ExxonMobil and its partners will be financing about 50 percent of the cost of the gas-to-shore project, the Government will...
News

Guyanese aviation firm says training from Exxon opened door to oil and gas opportunities

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Guyanese aviation company, Trans Guyana Airways, has been working with several local firms to provide services and key support to the oil and gas industry. The aviation company said through the support of ExxonMobil Aviation Services, it has been...
News

Demand for Guyana’s low-sulphur crude will grow in 2021, expert says

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As the world continues to move towards renewable sources of energy, demand for crude with low-sulphur content will continue to increase, placing producers like Guyana in an advantaged position. That coupled with the low breakeven price to produce oil...
News

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

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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...
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Canada Guyana Chamber looking to ramp up activities in 2021

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Chief Executive Officer (CEO) of the Canada Guyana Chamber of Commerce (CGCC), Ms. Natalia Seepersaud, said the organisation will be looking to ramp up its activities in 2021 as pandemic restrictions ease and more focus is placed on business-to-business...
News

John Fernandes Ltd. expands reach in oil sector with plans to construct storage facility

OilNOW -
Guyanese shipping company John Fernandes Ltd. is looking to extend its reach in the oil and gas sector with the construction of a storage facility. John Fernandes Ltd. has already been building its oil and gas portfolio by providing...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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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