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News

‘Cautious optimism’ as Guyana enters new year as oil producing nation – PPP

OilNOW -
Guyana’s main opposition People’s Progressive Party (PPP) says the start of oil production at the dawn of the new year is an occasion for cautious optimism but stressed that in order for the South American nation to truly benefit...
News

Bayphase Ltd. awarded contract to review plans for ExxonMobil’s 3rd development offshore Guyana

OilNOW -
Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support services in review and evaluation of ExxonMobil’s Payara Field Development Plans. The Expressions of Interest received...
News

Oil holds near three-month high as U.S. crude stockpiles shrink

OilNOW -
Oil held gains near the highest close in over three months after U.S. crude stockpiles declined more than expected, Bloomberg reported on Monday. Futures were little changed in New York after capping a fourth weekly advance on Friday, the longest...
News

Guyana opposition flays government’s handling of oil sector as production begins

OilNOW -
A day after the official announcement signalling the start of oil production in Guyana, the main opposition party restated its position that the government has done a poor job in managing the emerging petroleum sector and preparing for the...
News

Guyana is now an oil producing nation

OilNOW -
The South American country of Guyana has joined the league of petroleum producing nations with the official start of oil production at the Liza Phase 1 Development, announced on Friday December 20 by President David Granger, who proclaimed the...
News

Capacity constraints casting dark cloud over oilfield service industry – Rystad Energy

OilNOW -
A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. About 250 new...
News

Bidders for lifting Guyana oil cargo include Exxon, Chevron

OilNOW -
Several international oil companies including majors such as ExxonMobil and Chevron are bidding for the opportunity to lift Guyana’s first share of oil cargoes from the Liza field at the Stabroek Block early next year, the country’s Department of...
Opinions

Public governance and integrity for Guyana’s oil wealth

Bobby Gossai, Jr. -
Matters such as public governance and integrity may be already addressed by existing legislation; if not, they should be addressed in the oil revenue management law or in ancillary regulation. At a minimum, the basic principles of public governance...
News

Traders expected in Guyana within days to bid on oil cargoes

OilNOW -
At least half a dozen traders from Houston, Geneva and London are set to arrive in Guyana this weekend to bid on some of the first oil cargoes to be produced by the tiny South American nation. "After careful consideration,...
News

Safety first, then first oil – production imminent

OilNOW -
From the first discovery announced in May 2015, to first oil, now potentially just days away; the tremendous work that has gone into bringing the Liza Phase 1 Development project to the point of production will soon pay off. The...
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Latest News

NewsShikema Dey -

Major energy and infrastructure projects to define Guyana’s next few years

Over the next few years, President Irfaan Ali’s second term will see Guyana advancing key projects that place energy...

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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