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Guyana following in footsteps of Qatar, Saudi Arabia, UAE

OilNOW -
While they may be oil-dependent, Middle Eastern nations such as Qatar, Saudi Arabia, and the United Arab Emirates (UAE) have a well-established history of responsible energy stewardship. Shrewd governance has not only contributed to decades of sustainable growth, but...
News

Liza Destiny FPSO crew recognised for achieving one year without ‘hurts, cuts or bruises’

OilNOW -
ExxonMobil Guyana announced Saturday that it is celebrating 365 days of ‘No Hurts’ aboard the Liza Destiny floating production, storage, and offloading (FPSO) vessel operating in the Stabroek Block. “That’s NO injuries; No cuts, NO bruises, NO physical body damage...
Exploration

UK firm confident Exxon, Tullow will hit jackpot at several Guyana blocks soon

OilNOW -
Since 2019, UK energy investment firm, Westmount Energy Limited has participated indirectly via its investee companies in the drilling of exploration wells on the Kaieteur, Canje, and Orinduik Blocks. While those efforts have not produced a commercial, standalone discovery,...
News

Oil pushing big demand for data, connectivity services in Guyana

OilNOW -
Since the discovery of oil, Guyana has undergone sector-wide changes including the digital transformation of the small South American country. That change requires innovative technology solutions whether it be onshore or offshore and to meet these needs, local telecommunications companies...
News

Major Canadian trade mission to Guyana on, next week

OilNOW -
Guyana’s oil bonanza and the massive growth potential in its traditional industries are expected to capture the attention of a Canadian Energy NL trade delegation visiting next the South American country week. Energy NL is Newfoundland and Labrador’s largest energy...
News

Petrobras sells stake in Buzios Field to CNOOC for US$1.9 billion

OilNOW -
Petrobras copped a US$1.9 billion (R$10.3 billion) payment after selling a 5% stake of the Buzios Field, in the pre-salt of the Santos Basin to China’s CNOOC Petroleum. The amount already includes the adjustments provided for in the contract, after...
News

BP Oil wins one-year contract to market Guyana’s Liza crude

OilNOW -
The United Kingdom’s BP Oil International Limited beat 13 competitors to win a one-year contract for the marketing of Guyana’s share of profit oil from the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels. The marketing tender was...
News

O&G training institute now offering Tropical BOSIET/HUET/FOET courses in Guyana

Shikema Dey -
With new OPITO certification, 3t EnerMech’s Training Centre of Excellence at Lusignan, East Coast Demerara can now offer new courses catering to oil and gas training in tropical conditions. OPITO is a global, not-for-profit, skills body for the energy industry....
News

Oil market hungry for Guyana acreage as global energy security concerns escalate – Westmount Energy Chair

OilNOW -
Faced with the economic effects of the COVID-19 pandemic as well as the Russia-Ukraine war, energy security and affordability have now become key considerations for governments and policymakers. It is on this premise that Gerard Walsh, Chairman of Westmount...
News

Oil will be used to uproot historic impediments to broad-based economic growth – Guyana Finance Minister

OilNOW -
In an effort to set the stage for a diversified economy with competitive industries, Guyana’s Senior Finance Minister, Dr. Ashni Singh, said the government will use a portion of the oil wealth to uproot historic impediments to broad-based economic growth. Specifically,...
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Latest News

NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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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