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Second local catering consortium to launch this year – Local Content Head

Shikema Dey -
By mid-2025, a second local catering consortium is anticipated to launch, targeting Guyana’s oil and gas industry. Dr. Martin Pertab, Director of the Local Content Secretariat, made this announcement at the Local Content Summit. Dr. Pertab said discussions with international...
News

Ali: Guyanese must invest in the country’s energy future 

Shikema Dey -
President Dr. Irfaan Ali made a strong call for Guyanese investors to directly participate in the country’s booming energy sector. Speaking at the 2025 Local Content Summit, Ali laid out a strategy centered on local ownership, risk-sharing, and new...
News

Oil exports largely responsible for Guyana’s trade surplus with U.S.

OilNOW -
Guyana’s export of oil is largely responsible for the country's trade surplus with the United States. This surplus was a deciding factor in the recently announced tariffs by President Donald Trump which has resulted in the application of a...
Opinions

Letter-to-the-Editor: All efforts must be made to ensure workers are not left behind in the nation’s economic transformation

OilNOW -
Dear Editor, As I continue to work in public communications,  after speaking with the average citizen on a regular basis, I find that more people are becoming interested in the oil and gas sector. However, many are deeply concerned about...
News

Petronas to launch 257-day drilling campaign offshore Suriname in June

OilNOW -
Petronas will begin a 257-day, three-well drilling campaign in Suriname’s offshore Block 52 in June. The program details were disclosed in documents submitted to the country’s National Institute for Environment & Development (NIMOS), according to a report in Upstream...
News

Guyana power grid upgrade gains steam ahead of Gas-to-Energy startup 

OilNOW -
One of the key substations that will transmit power from Guyana’s 300-megawatt (MW) Gas-to-Energy (GtE) project is nearing completion, well ahead of the project’s full commissioning. Minister within the Ministry of Public Works, Deodat Indar, on April 3 inspected...
News

U.S. sees Suriname as investment hotspot amid oil boom and economic reforms

OilNOW -
“Suriname has significant untapped potential,” U.S. Ambassador to Suriname Robert J. Faucher said in a recent interview, emphasizing investment as a key area of engagement between the U.S. and Suriname. He highlighted the need for reforms to attract businesses,...
Opinions

Letter-to-the-Editor: Safeguarding Guyana’s sovereignty and energy partnership with the United States 

OilNOW -
Dear Editor,  We recently had a visit by the United States Secretary of State, Marco Rubio, who emphasised that any aggression towards Guyana or its economic interests, including ExxonMobil, would result in severe consequences. This statement sends a clear and...
News

Guyana signs US$422M transmission deal ahead of GtE project start-up  

OilNOW -
Months before the country’s Gas-to-Energy (GtE) project is set to deliver first power, Guyana has signed US$422 million in contracts. The firms awarded are Power China and Kalpataru Projects International Limited (KPIL). They are expected to complete the work...
Oil Law 101

The PAA Series: Management Themes (Part 2)

Joanna Simmons -
Management Themes (Part 1) explored the ownership, licensing and environmental management themes and highlighted corresponding legislative provisions within the Petroleum Activities Act 17 of 2023 (PAA). In this publication, we will look at maximising access to petroleum resources. Management Theme...
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NewsOilNOW -

GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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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