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Burgeoning real estate industry attracts US giant, Keller Williams, to Guyana’s shores

OilNOW -
Said to be the largest real estate franchise in the world, the US franchise Keller Williams (KW) has announced its decision to expand into Guyana. Already serving more than 50 countries outside of its main operations in the United States...
News

City businessman urges compromise from environmentalists, in favour of Guyana’s development

OilNOW -
Guyana has a tremendous record in environmental protection due to State policies and the ecosystem and carbon sequestration services that its forests provide. Considering this, Georgetown businessman, Timothy Tucker, is urging hardline environmentalists to exercise compromise for the benefit...
Opinions

Women in O&G: Latoya Jack shares her journey to success in Guyana’s newest industry

OilNOW -
By A. Bacchus Women’s History Month is observed in March, and it celebrates the contributions of women to events in history and society, I recently learned. International Women’s Day was also recently celebrated under the theme ‘Break the bias’, and...
Opinions

Why oil “does spoil” – Guyana’s role in global energy security

OilNOW -
By Arthur Deakin – OilNOW AMI analysis shows that over 50% of the oil produced in the world takes place within authoritarian regimes. Russia and Saudi Arabia alone account for over 20% of global oil production. They are joined by...
Exploration

Guyana working on gas strategy; Ghana to provide assistance – Vice President Jagdeo

OilNOW -
The Guyana government appears ready to take more bold but cautious steps in the hydrocarbon arena as it is focusing some of its energy on creating a gas strategy with the assistance of its West African counterpart, Ghana. Confirming this...
Opinions

Puran Brothers – From domestic waste disposals to servicing the oil and gas sector

OilNOW -
When the first oil discovery was announced in 2015, Guyanese and local businesses were keen to find out how the industry would benefit them. For Puran Brother’s Incorporated, while their services were not directly aligned with the industry, they...
Opinions

Will Guyana become the next United Arab Emirates? Only time will tell

OilNOW -
By Arthur Deakin - OilNOW  In late January, the Guyanese PPP administration introduced a U$2.6 billion budget for 2022 where it will consume 100% of the funds stored in its Sovereign Wealth Fund (SWF). By year’s end, the SWF will...
News

Guyana moving towards approval of Exxon’s largest offshore project at Stabroek Block to date

OilNOW -
The Guyana government is putting everything in place for the approval of the giant 250,000 barrels per day Yellowtail Development Project soon with Vice President Dr. Bharrat Jagdeo telling reporters on Thursday all systems should be in place by...
Opinions

The Natural Resource Fund Series: Part 2

OilNOW -
Summary Guyana’s Natural Resource Fund institutional and Governance framework are in line with the IMF’s recommendation and the models adopted by some of the largest SWFs across the globe. The withdrawal rule of the fund is economically justified against...
News

Wireline sales in Guyana help boost Halliburton’s Q4 revenue

OilNOW -
Halliburton announced on Monday that its total revenue for the fourth quarter of 2021 was $4.3 billion compared to revenue of $3.9 billion in the third quarter of the year. The company said in its drilling and evaluation division, revenue was US$1.9 billion—an increase...
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Latest News

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Exxon-led group recovers over US$35.9 billion in costs from Guyana oil projects

ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other...

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