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Asif Auto Imports, a Guyanese vehicle retailer, is on the verge of making a stride into waste transport. They are set to establish a dedicated waste transport service tailored for the thriving oil industry in Guyana. Owner, Asif Zafarali,...

The Alliance for Change (AFC), a key party in the APNU+AFC Parliamentary opposition, has published its proposed amendments to the Petroleum Activities Bill 2023, the document that’s meant to overhaul Guyana’s decades-old oil and gas regulatory framework. Key to...

The rapidly developing oil and gas sector in Guyana is increasing the need for enhanced infrastructure and new services. Responding to this demand, Avocat Guyana Holdings Inc. (AGHI) has proposed the creation of a chemical storage facility and laydown...

A highly anticipated joint venture between Aker Solutions, SLB (Schlumberger), and Subsea7 has cleared the regulatory hurdles, marking a significant step forward towards its targeted fourth-quarter 2023 closing. The proposed collaboration, which aims to revolutionise subsea production economics, has...

Ramps Logistics Guyana Inc. (RLG) has entered into a contractual partnership with N&S Algoo Customs Brokerage Service, Ramps said in an August 8 press release.  N&S Algoo, in the sector since 2012, offers bespoke customs brokerage solutions to a range...

2024 has been confirmed as the timeline for Suriname’s Block 58 Final Investment Decision (FID) signaling a potential start to offshore oil production in the South American country.  That timeline was confirmed to OilNOW by Managing Director of Staatsolie -...

The Guyana government has submitted a supplementary provision to Parliament, proposing an additional GY$61 billion in funds for various government initiatives set for this year. Significantly, GY$5 billion (approximately US$24 million) of this has been earmarked for the Gas-to-Energy...

UK-based energy company Trinity Exploration & Production has made a groundbreaking discovery of what it refers to as "virgin oil" in an exceptionally mature basin onshore Trinidad and Tobago.  Trinity Exploration & Production announced on August 7 that it had...

As revenues from oil production continue to support extensive infrastructural development projects in Guyana, it is also providing authorities with the capacity to direct over GY$70 billion (approximately US$335.5 million) toward citizens’ welfare. This has been done within a...

Six major oil companies - ExxonMobil, bp, Shell, TotalEnergies, Eni, and Chevron - are poised to play a significant role in global exploration activities this year. According to industry forecasts by Rystad Energy, these major players are expected to...