Featured

By Dr. Lorraine Sobers - OilNOW Guyana’s Petroleum Activities Bill, passed recently in Parliament underscores Guyana’s commitment to maintain its status as a net carbon sink—a country that eliminates more carbon dioxide emissions than it produces. Guyana has been a...

Additional prospects in Guyana’s Corentyne Block could be tapped but this hinges on results obtained by operator CGX Energy from its Wei-1 appraisal, the company said on August 14.  Frontera Energy is the other partner in the Corentyne Block.  Frontera eats...

MODEC recently celebrated its order from ExxonMobil to provide the Errea Wittu floating production, storage, and offloading (FPSO) vessel for the Uaru project located offshore Guyana. This order has been noteworthy for the company as it marks its first...

Frontera Energy has announced financial results for the second quarter of 2023, showcasing a substantial net income of CA$80.2 million or CA$0.94 per share. This marks a significant upswing from the previous quarter's net loss of CAD$11.3 million or...

Guyana, in its rapid march towards development, is facing a concerning shortage of skilled, semi-skilled, and unskilled labour. To combat this issue, the government is pondering the creation of a National Labour Committee, working under the umbrella of the...

M.V Galileo Galilei, the largest dredger ever to sail the Demerara River, has now made its exit from Guyana. This marvel, owned and operated by the Jan De Nul Group, leaves behind a testament to its efficacy – a...

Guyana’s Minister of Natural Resources has revealed that the government agreed to let Exxon unitise the Liza and Payara fields, a step to allow a floating production, storage and offloading (FPSO) vessel from one field to tap oil from...

S&P Global Commodity Insights’ oil pricing and news expert Patrick Harrington sees Guyana and Brazil’s crude going toe-to-toe when Guyana’s production hikes.  “...as Guyana’s production ramps up, Guyana and Brazilian crude will be in real head-to-head competition,” Harrington shared in...

Brazil's state-run oil company Petrobras is considering the possibility of boosting its investments in the upcoming five-year business plan by as much as 10%, according to statements made by Chief Financial Officer, Sergio Caetano Leite. If approved, this adjustment...

Plympton Farms’ greenhouse and hydroponic system, which are being supported by SBM Offshore Guyana’s Green Farms Initiative, recently gained the attention of the highest office in the South American country for its use of technology that allows for increased...