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Oil wealth must drive inclusionary growth; steer clear of corrupt vices – US Ambassador to Guyana

OilNOW -
As Guyana continues efforts to build out a robust regulatory and legislative framework for the oil industry, it would also be wise to keep its eyes on policies and programmes that target inclusionary growth. United States Ambassador to Guyana,...
News

Expect acceleration of gas-led activity in 2023 – Wood Mackenzie

OilNOW -
Come 2023, Consultancy Group Wood Mackenzie expects there to be a significant acceleration of global gas-led activity. In its latest ‘5 THINGS TO LOOK FOR IN 2023’ report, WoodMac anticipates a rapid or modular monetisation of gas assets. It...
News

Petrobras to add 18 FPSOs in next five years

OilNOW -
Brazil’s Petrobras plans to place 18 floating production, storage, and offloading (FPSO) vessels offshore Brazil in the next five years, according to its 2023-2027 Strategic Plan. The vessels’ capacities will range from 70,000 to 225,000 barrels of oil per day...
News

Saipem seeking local welders for Guyana operations

OilNOW -
Italian contractor Saipem is looking for local welders to assist with its operations offshore Guyana. According to a notice posted by Country Manager, Gianluigi Della Rosa to LinkedIn, the selected welders must be able to operate an electrode holder, welding...
Energy Insights

Guyana goes after reforms to modernise oil sector

OilNOW -
In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...
News

Guyana to seek early interactions with Brazil’s Lula

Shikema Dey -
Come January next year, Guyana will be dispatching new bilateral requests to Brazil’s new President-elect Luiz Inácio Lula da Silva as it looks to foster closer relations through the creation of a deepwater harbour connecting the two countries. Guyana’s President,...
News

Tullow in new Ivory Coast PSC

OilNOW -
Tullow Oil said it signed a Production Sharing Contract (PSC) for offshore exploration licence CI-803 in Côte d’Ivoire. Tullow will operate the licence with 90% equity. The remaining 10% is held by PetroCi. CI-803 covers an area of 1,345 square kilometres...
Opinions

The Significant Offshore Events in the U.S. That Contributed to Guyana’s Meteoric Rise as a Leading Oil Producer

OilNOW -
By Fernando Hernandez - OilNOW To understand Guyana’s meteoric rise as an oil-producing nation, it is necessary to reference critical events that occurred in the U.S.’ Gulf of Mexico (GoM) in 1947 and 1986. These events were crucial to the...
News

Guyana High Court throws out EPA waiver of impact study to Schlumberger

OilNOW -
Guyana’s Supreme Court on Friday quashed a decision by the Environmental Protection Agency (EPA) to waive an Environmental Impact Assessment (EIA) during the authorisation process for the construction and operation of a source storage and calibration building facility at...
Opinions

2022 Year in Review of Guyana, Part 1: What I have said so far

OilNOW -
By Dr. Lorraine Sobers - OilNOW The year 2022 has been an intriguing one for Guyana’s energy sector: oil production and reserves have grown significantly, local content legislation came into full force, legal local content disputes arose and were settled,...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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