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U.S condemns Venezuela aggression towards Guyana, pledges support for ICJ proceedings

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The United States over the weekend made it clear that it remains in full support of Guyana’s bid to have the International Court of Justice (ICJ) preside over the matter involving Venezuela’s refusal to accept an 1899 arbitral award...
News

Guyana could establish LPG, protein plant in Region 3 as part of major development drive

OilNOW -
The gas-to-power project which is a major initiative being undertaken in Guyana will see a pipeline landing in Wales, on the West Bank of the Demerara River, Region Three, where the government is looking to develop a commercial zone,...
News

Transnational oil companies looking to steal ‘Venezuela’s oil’ – Maduro claims in TeleSur report

OilNOW -
Venezuela’s President Nicolas Maduro has signed a presidential decree setting the country's maritime and territorial borders, TeleSur said in a report on Friday, noting that the move is to protect national jurisdiction rights, especially on the ‘disputed’ Essequibo territory. The Venezuela-based...
Opinions

Guyana set to lead Southern Caribbean offshore drilling in 2021

OilNOW -
By Kevin Ramnarine – OilNOW In 2021 there will be a major increase in offshore drilling activity in the Southern Caribbean which will be led by Guyana. At present there are four drillships operating in Guyana drilling for ExxonMobil. That number...
News

SBM Offshore marks first year of oil production operations in Guyana

OilNOW -
SBM Offshore, builder and operator of the Liza Destiny FPSO has entered the first year of oil production offshore Guyana at the ExxonMobil-operated Stabroek block. The Liza Destiny FPSO is the first oil production vessel to be deployed to...
News

Despite challenges Guyana emerges from 2020 as major player in oil and gas universe

OilNOW -
2020 was another eventful year for the exploration and production activities offshore Guyana led by U.S. oil major ExxonMobil at the prolific Stabroek block. The year started with Guyana’s first oil lift, the announcement of another discovery in January...
News

Gas to power project: outsiders always say it’s too expensive, you can’t do it

OilNOW -
The proposed gas to power project in Guyana can potentially have the single most transformative impact on the new oil producing country, promising significant benefits to the population. Most notable is that there are no technical barriers that prevent...
News

Brazil moving to implement reforms to lure investors as competition from countries like Guyana rise – S&P Global Platts

OilNOW -
Mature oil producer Brazil is looking to implement important oil industry reforms in 2021 to remain one of the world's top destinations for investments amid heated global competition and uncertainties about the coronavirus pandemic. S&P Global Platts said in a...
News

High-cost oil producers can lose market share to strong emerging player Guyana – Lisa Viscidi

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With approximately 9 billion barrels of oil equivalent and counting, Guyana is forging ahead as a major oil producer with experts saying the country is on course to become one of the largest sources of non-OPEC oil supply in...
Discoveries

Guyana could find more oil, and closer to shoreline

OilNOW -
Experts in the oil and gas industry believe that more oil could be discovered closer to Guyana’s shoreline in the coming years with one official saying that the hydrocarbon resources found at the Stabroek block so far is just...
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Guyana Pavilion opens to thousands at world’s largest oil and gas conference in Texas 

The Guyana Pavilion officially opened Monday at the 2025 Offshore Technology Conference (OTC), taking place at NRG Park in...

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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