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Guyana enters top 100 per capita economies

Kemol King -
Guyana’s oil bounty has blessed the country with record projected growth rates this decade. Economic growth in 2021, according to World Bank data, shows the South American country has already entered the top 100 per capita economies of the...
News

CARICOM energy leaders make headway on food security

OilNOW -
Leaders of the two major producers of hydrocarbons in the Caribbean Community (CARICOM) —Guyana and Trinidad & Tobago— announced on Thursday that significant headway was made on defining collaborative efforts that will be pursued to ensure food security in their respective states. Specifically, Prime Minister...
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Guyanese should have a chance to participate in oil blocks auction – Vice President

OilNOW -
With there being no legal constraints in the way, Vice President, Dr. Bharrat Jagdeo is of the view that a Guyanese consortium should have a chance to participate in the imminent oil blocks bid round which will now be...
News

Guyana, T&T advance plans on regional energy security

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali and Trinidad & Tobago’s Prime Minister, Dr. Keith Rowley advanced talks Thursday regarding energy security for the region. This was revealed by both leaders during a joint press conference in Port of Spain. Bilateral discussions were...
News

Oil block auction could be delayed as government finalises fiscal terms

Shikema Dey -
Guyana’s planned offshore oil block auction may come later than expected as its government works assiduously to get the fiscal terms right to ensure balanced benefit to the parties involved. The Vice President, Dr. Bharrat Jagdeo told the press on...
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23 customs petroleum officers complete offshore safety, emergency response training

OilNOW -
Twenty-three officers within the Customs Petroleum Unit (CPU) of the Guyana Revenue Authority (GRA) have successfully completed a Tropical Helicopter Underwater Egress Training (THUET) course to develop knowledge and operating procedures in offshore safety and emergency response. The training session...
Exploration

Maersk Discoverer confirmed for new Guyana well in fourth quarter

OilNOW -
The Maersk Discoverer semisubmersible drilling rig is confirmed for exploration operations offshore Guyana in the fourth quarter of this year. According to Maersk’s latest Fleet Status Report, the rig is scheduled to be in Guyana, on contract with CGX Resources...
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Local Content Secretariat filtering all applications vigorously for schemers – Bharrat

OilNOW -
In the context of local content, “fronting” is a case where nationals may be listed as shareholders, executives, or management, without real participation in the strategic decision-making process of foreign companies. They may even have lower salaries than their...
News

Nigeria signs new PSCs to boost offshore production, improve investor confidence

OilNOW -
Nigerian National Petroleum Company (NNPC), the state energy firm, announced the signing of a series of Production Sharing Contractors (PSC) aimed at boosting offshore oil production. Fully termed agreements were signed off with renegotiated PSCs for five oil mining leases...
News

ExxonMobil to pursue deepwater exploration off India coasts with state oil company

OilNOW -
The state oil company of India, Oil and Natural Gas Corporation (ONGC) has signed a Heads of Agreement (HoA) with ExxonMobil for deepwater exploration of the East and West coasts of the country. The HoA was signed by Shri...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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