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

OilNOW -
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...
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“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...
News

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

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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...
News

Up-skilling of Guyanese has accelerated in the last two years – Lars Mangal

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The capabilities of Guyanese businesses in providing services to the emerging oil and gas sector have accelerated over the last two years as more companies move towards building capacity and improving their standards. In an article published in The Essential...
News

Farm-ins are routine in the oil and gas industry, ‘first movers’ take risks – expert says

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‘First movers’ and their small independent partners/companies take risks in acquiring exploration licenses for offshore blocks, as there is no guarantee that they will find a large partner to farm into these blocks. This is according to President of...
News

ExxonMobil building strong partnerships, sees Guyana capacity growing – Routledge

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Building strong partnerships with key stakeholders in Guyana and supporting the development of local business have been areas of special interest for ExxonMobil in its operations in the South American country. This is according to President of ExxonMobil Guyana, Alistair...
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Promises for oil & gas unveiled as Guyana’s landmark elections now just days away  

Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C)...

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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