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Top offshore drillers in Latin America: Valaris, Noble, and Borr Drilling lead the way 

OilNOW -
Westwood Global Energy Group reports that the top 10 offshore drilling contractors manage 29% of the rigs in Latin America. Valaris, Noble, and Borr Drilling each have seven rigs in the region, leading the international presence. Noble’s fleet is primarily...
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Guyana simplifies investment processes with new single-window system

OilNOW -
The oil-rich nation of Guyana is taking significant steps to simplify business operations and attract more investments with the launch of its Planning and Development Single Window system. This new system, as announced by President Dr. Irfaan Ali, focuses...
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“I will not be compromised” – Pres. Ali on sanctioned businessmen 

OilNOW -
Guyana’s President, Irfaan Ali, is adamant that he will not be compromised in wake of sanctions levelled against two local businessmen by the U.S. Treasury Department just days ago.  “I will not be compromised, not me,” Ali affirmed during a...
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Strict enforcement of local content law crucial for Guyana’s Success – Nestoil CEO

OilNOW -
Chairman and Chief Executive Officer of Nestoil Group, Dr, Ernest Azudialu-Obiejesi, has urged the Guyanese government to learn from Nigeria's past mistakes in the oil and gas sector and strongly enforce its local content law.  His comments come as Guyana...
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Guyana to inject US$66M into state power company to offset fuel price increases

OilNOW -
In response to rising global fuel prices, the Guyana government will soon present a supplementary budget of US$66 million to the National Assembly to enable the state-owned Guyana Power and Light to subsidize electricity costs for domestic consumers. Vice President...
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Private sector body urges swift payment reforms in Guyana’s oil and gas sector

OilNOW -
The Private Sector Commission (PSC) has raised urgent concerns over payment delays from oil and gas companies, calling for reforms to ensure timely payments. In a meeting on June 14, 2024, with Minister of Natural Resources Vickram Bharrat and...
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New column aiming to help public better understand Guyana’s oil laws

OilNOW -
Chevy Devonish, an attorney and lecturer at the University of Guyana, is collaborating with OilNOW by way of a new column which aims to demystify the complex legal framework governing Guyana's oil and gas sector. Devonish emphasized the urgent...
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Suriname businesses urged to adopt international standards ahead of oil boom

OilNOW -
Suraya Jiawan-Nanan, Chief Executive Officer (CEO) of Haukes Construction Company in Suriname, is urging local businesses to elevate their standards to meet international requirements as the country prepares for a surge in its oil industry.  Jiawan-Nanan, at the recent Suriname...
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Guyana implements new policy, boosting advantage for locals in oil sector

Kemol King -
Guyanese companies in the oil sector just got a major boost. A new policy now requires that companies evaluating bids give more weight to local content, increasing it from 5% to 10%. Companies with a Local Content Certificate will...
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ExxonMobil Guyana buys vessel monitoring and alert system from Parisian group

OilNOW -
Viridien, formerly CGG, said its Sensing & Monitoring business line, marketed under the Sercel brand, has made a sale of its Marlin™ vessel monitoring and alert system to ExxonMobil Guyana to support its offshore operations in Guyana. The sophisticated system...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival...

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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