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Energy department warns of unrealistic expectations and promises in face of national elections

OilNOW -
As Guyana is approaching national elections, the Director of the country’s Department of Energy (DE), Dr. Mark Bynoe said the Department is cognizant of unrealistic expectations with regards to Local Content. Addressing the Guyana Manufacturing and Services Association’s (GMSA) Annual...
News

ExxonMobil in talks with Guyana government to establish financing facility for small business

OilNOW -
ExxonMobil and the Government of Guyana are examining ways in which a financing facility could be established to provide much-needed capital to small and micro enterprise in the South American country. Speaking at a dinner hosted by the Guyana Manufacturing...
News

‘Clear de way, Guyana coming back’

OilNOW -
By Professor Anthony T Bryan (Jamaica Observer) Clear de way, Guyana coming back is the title of a lively vintage calypso by Dave Martins and the Tradewinds about several Caribbean nations in a virtual horse race competing for prominence. Perhaps...
Opinions

Where is Guyana seeing the benefits of oil production?

Bobby Gossai, Jr. -
By Bobby Gossai Jr. Bobby Gossai, Jr. recently completed his MSc (Econ) in Petroleum, Energy Economics and Finance from the University of Aberdeen. Mr. Gossai, Jr.’s professional experiences include being the head of the Guyana Oil and Gas Association and...
News

‘Job-creation, world-class education and health care’ among campaign promises of Guyana’s main opposition party as oil production set to get underway

OilNOW -
With what is being described as the ‘mother of all elections’ on the horizon, the main opposition party in the soon-to-be newest oil producing country in South America – Guyana - has released an excerpt of its manifesto which...
News

Adjustment in policies, enabling business environment for Guyanese necessary – fmr. Jamaican PM

OilNOW -
As Guyana swiftly approaches first oil, which is expected next month, former Prime Minister of Jamaica, Portia Simpson-Miller, is warning that certain adjustments need to be made as the South American country prepares for the anticipated windfall. She expressed these...
News

‘It’s not just about monies earned but knowledge transferred, technology shared’ – Dr. Bynoe

OilNOW -
While the South American country of Guyana is set to earn billions of US dollars from development of its oil resources in the coming years, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe says the full...
News

Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

OilNOW -
More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...
News

GIPEX 2019: Oil wealth should be the catalyst to move to clean energy – Dr Bynoe

OilNOW -
Dr Mark Bynoe, Head of Guyana's Department of Energy, on Wednesday, reemphasized his agency's commitment to pursuing the country's green economy and using the oil resources to propel the South American nation into becoming an exemplar of clean energy...
News

Chamber to launch Business Directory on Day 1 of GIPEX

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) will be moving to launch its Business Directory on the evening of the first day of the Guyana International Petroleum Exhibition and Summit (GIPEX) set to take place on November 20...
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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...

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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