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Recount shows Guyana opposition secured majority of votes in elections

OilNOW -
A 33-day long recount of the ballots in Guyana’s March 2 General and Regional Elections shows that the opposition People’s Progressive Party Civic (PPP/C) secured a majority of the votes and pending a declaration by the electoral body, should...
News

Early project approvals will shield Guyana from further reductions in oil revenues – AMI experts

OilNOW -
The COVID-19 pandemic and decline in oil prices are causing major economic disruptions to crude producers around the world forcing them to adjust their projected revenue inflows downward as lockdown measures continue to curtail demand. Americas Market Intelligence (AMI) experts...
Exploration

More than half of 2020 licensing rounds set to be wiped out – Rystad Energy

OilNOW -
More than half of the world’s planned licensing rounds are likely to be cancelled this year due to the combined effect of the COVID-19 pandemic and the ongoing oil price war, a Rystad Energy impact analysis forecasts. New licensed...
Exploration

Coronavirus pushes oil towards the abyss

OilNOW -
The crude oil market is staring into an abyss. The challenges are physical – dealing with extreme oversupply – and financial, with market participants from wellhead to forecourt under severe duress. Ann-Louise Hittle and Alan Gelder, who, respectively, lead...
News

Guyana’s ‘niche product’ could help counter a bearish oil market – API Chief Economist

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Chief Economist at the American Petroleum Institute (API) Dr. Dean Foreman believes that Guyana’s oil economy is likely to withstand the current low-price environment triggered by the Russia-Saudi Arabia price war and now worsened by the COVID-19 global pandemic. “Guyana’s...
News

US, UK warn of ‘serious consequences’ for those looking to ‘benefit from electoral fraud’ in Guyana

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The United States of America and the United Kingdom are stepping up their call for full transparency in Guyana’s March 2 election where to date a winner has not been declared. “The calls for a free, fair, credible election in...
News

Global Witness ‘anti-oil agenda’ could cost Guyana billions in revenue– AMI Political Analyst

OilNOW -
A senior political analyst attached to Americas Market Intelligence (AMI) says the recently released Global Witness report on Guyana is the NGO’s attempt at spreading its anti-oil ideology and urged Guyanese to do their own fact-checking and come to...
News

O&G pushing Guyanese companies to adopt international standards

OilNOW -
Nabi Construction Inc. the Guyanese partner in the Nabi/KCL Oilfield Construction Services joint venture is one of a number of local companies benefiting from knowledge transfer and capacity building initiatives that are helping these firms tap into opportunities in...
News

International accounting firm opens shop in South America’s newest O&G hotspot

OilNOW -
Binder Dijker Otte, an international network of public accounting, tax, consulting and business advisory firms which perform professional services under the name of BDO, has announced the opening of its office in Guyana, the newest oil producing country on the...
News

Liza crude will attract interest from refineries as far away as China – IHS Markit

OilNOW -
Refineries in the US Gulf of Mexico (USGC) and China are expected to take particular interest in the crude being produced in the South American country of Guyana which IHS Markit expects will be discounted by $2 relative to...
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Energy Guyana launches special edition magazine celebrating ’10 Years of Oil in Guyana’

Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil...

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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