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McDermott secures contract for engineering and construction at Trinidad & Tobago’s Manatee gas field project

OilNOW -
U.S.-based contractor McDermott has clinched a contract to spearhead engineering and construction efforts at the Manatee gas field project in Trinidad and Tobago, a venture initiated by Shell. This latest development follows McDermott being granted a limited notice to proceed...
News

U.S. and Guyana army strengthen military partnership at meeting this week

OilNOW -
Leadership from the United States Army 1st Security Force Assistance Brigade (SFAB) and the Guyana Defence Force (GDF) convened on November 27-28, further cementing the military partnership between the U.S and Guyana. The discussions held between the U.S. and GDF...
News

50% of UK companies on trade missions have made at least one concrete deal in Guyana – Dr. Singh 

Shikema Dey -
Tangible investments in Guyana have been made by 50% of companies from the United Kingdom (UK) looking to tap into the South American nation’s market. This is according to Finance Minister, Dr. Ashni Singh.  “I will say that previous trade...
News

World Court to issue ruling on Venezuela referendum Friday

OilNOW -
A ruling on the request made by Guyana for provisional measures to block questions outlined in Venezuela’s December 3 planned referendum will be made on Friday by the International Court of Justice (ICJ). A release from the World Court said,...
News

Oil has unleashed a tsunami of opportunities in South America’s lone English-speaking nation

OilNOW -
Nestled on the northern tip of South America, the small nation of Guyana, now the fastest growing economy in the world, will become the continent’s second biggest oil producer by 2027. The massive success the country has seen in...
News

Guyana sets record with 500 projects in a year funded by carbon credits – VP Jagdeo

OilNOW -
Within one year of receiving the first set of payments for its internationally validated forest carbon credits, the Guyana Government has set a new record of implementing 500 projects, all of which will lend to the sustainability of over...
News

SLB to host Open Supplier Forum at Guyana complex 

OilNOW -
Local vendors interested in joining Schlumberger Limited's (SLB) approved list will have an opportunity on December 6 when the company hosts its Open Supplier Forum at its Houston, East Bank Demerara location.  “Our preferred suppliers are those that collaborate with...
News

Petrobras, European Energy explore E-Methanol Plant collaboration in Brazil

OilNOW -
Petrobras, Brazil's state-controlled oil company, and Danish firm European Energy have inked a Memorandum of Understanding (MoU) to explore potential business opportunities for establishing an e-methanol plant in Brazil. The non-binding agreement was signed at European Energy's headquarters in...
Exploration

Guyana basin should achieve payback in under 10 years at an oil price of US$60-80 – WoodMac

OilNOW -
Analysts have said the significant sums Guyana is set to receive in oil revenue can make the country one of the richest in the world, per capita. The companies producing oil there are also set to receive massive returns...
News

UK business mission to Guyana seeks expansive investment opportunities

OilNOW -
The Caribbean Council, in collaboration with Mission Partners, is set to lead a United Kingdom (UK) Business Mission to Guyana from November 28 to December 1, 2023.  The initiative aims to bolster engagement for quality business investments and foster opportunities...
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SEOGS 2025 moves to accommodate growing participation

Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the...

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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