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“We don’t apply political pressure connected to our commercial enterprises” – US Secretary of State

OilNOW -
U.S. Secretary of State, Michael R. Pompeo says that the United States does not exert political pressure on countries to further the interest of American businesses operating in their territory. In an interview on Guyana’s state television channel, Pompeo said that...

Madrid Energy Conference

OilNOW -
The virtual Madrid Energy Conference brings together senior business executives and government officials from Latin America, Europe, and the world to explore the vast cross-regional opportunities at the intersection of E&P, infrastructure, renewables, and finance.The inaugural edition of the...
News

Clarity, transparency needed for ‘cash transfers’ – expert warns

OilNOW -
Following an announcement by the Guyana Government that there would be targeted cash transfers from oil revenues for the country’s vulnerable, an expert in the natural resources industry is advising that the world’s newest oil producing nation establishes a...
News

Another Strike: ExxonMobil announces Redtail Discovery Offshore Guyana

OilNOW -
Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
News

Unprecedented market challenges driving competition for scarce resources – Alistair Routledge

OilNOW -
The ongoing COVID-19 pandemic has hit each and every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The spread of the virus has forced many oil and...
Exploration

A tough summer for oil-dependent nations may foretell their new normal

OilNOW -
(Bloomberg) --From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future. Iraq has seen fatal protests as its electricity grid buckles amid searing heat,...
News

CLBD set to host webinar on evolution of Guyana’s safety culture this week

OilNOW -
The Centre for Local Business Development (CLBD) will host a Health, Safety, Security and Environment (HSSE) webinar on the evolution of Guyana’s safety culture this week. The discussion will focus on the evolution of safety standards in Guyana and...
News

Guyana’s oil resources well-positioned to survive stranded assets phenomenon – CGX Head

OilNOW -
Executive Director of CGX (Guyana) Energy, Professor Suresh Narine, says despite the gradual global transition to renewable energy, the demand for oil will remain high in coming years and as such, Guyana’s multi-billion barrel resources are well-positioned to survive...
News

Post-election chaos could threaten long-awaited oil windfall in Guyana

OilNOW -
By David E. Lewis and Anthony T. Bryan - Caribbean News Global At the end of last year, the tiny South American nation of Guyana made headlines as the country predicted to register the world’s fastest economic growth rate in...
News

Over 2,400 Guyanese suppliers now accessing O&G procurement opportunities

OilNOW -
More than 2,400 Guyanese businesses are now registered on the Centre for Local Business Development’s (CLBD) Supplier Registration Portal where they are able to access procurement opportunities in the oil and gas sector. Since the start of operations in July...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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