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Shifting the tsunami of oil investments to Regions Three and Six in Guyana

OilNOW -
In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...
News

Venezuela’s preliminary objection in border case “legally unsupportable” – Guyana tells World Court

OilNOW -
Guyana has asked the International Court of Justice (ICJ) to reject Venezuela’s preliminary objections in the ongoing border controversy case as they are “legally unsupportable” and “entirely without foundation.” Venezuela, in its late submission on Thursday, argued that the United...
News

Gazania-1 disappoints but Eco still upbeat about upcoming South Africa, Guyana wells

OilNOW -
Eco (Atlantic) Oil & Gas said Friday that the Gazania-1 exploration well on Block 2B, offshore South Africa, reached target depth of 2,360 metres (m), but did not show evidence of commercial hydrocarbons. The well will be plugged and abandoned....
Exploration

Decision soon on bids for Trinidad deepwater auction – Energy Minister

OilNOW -
The government of Trinidad and Tobago is expected to issue a decision on the lone four bids it got from its recent deepwater oil block auction which saw 17 blocks up for grabs. Energy Minister, Stuart Young, recently made the disclosure. Young told...
News

Ramps Logistics secures contract extension with Exxon following court win in Guyana

OilNOW -
Ramps Logistics Guyana Chief Executive Officer (CEO), Shaun Rampersad has confirmed that following his company’s receipt of a Local Content Certificate, it was able to secure an extension of its contract with ExxonMobil affiliate, Esso Exploration and Production Guyana Limited...
News

Guyanese bureaucrats pushing development, inclusivity – visiting US official

OilNOW -
New partnerships are expected to be built from a successful trade mission by a 30-member private sector team out of Louisiana. Said to be the largest US trade mission in Guyana, it was organised by the US Embassy and...
News

Guyana private sector calls for expansion of categories ring-fenced under local content law

OilNOW -
The Private Sector Commission (PSC) on Thursday hosted a forum to solicit feedback from its members on the strengths and weaknesses of the Local Act of Guyana, which is poised for its first periodic review. The event was held at...
News

US$800 million in Middle East, Africa contracts awarded to Saipem

OilNOW -
Saipem said it has been awarded new offshore drilling contracts; three in the Middle East and two in West Africa. It is now able to focus exclusively on offshore work, after closing the sale of its onshore business to KCA Deutag...
News

‘People cannot fall out of the sky and claim benefits as Guyanese’ – Bharrat

Kemol King -
Vowing to put systems in place to prevent what he called ‘fronting’ and ‘renting’ of citizens, Minister of Natural Resources, Vickram Bharrat, rebuked the practices as unfair to Guyanese who have stayed and worked in Guyana to make the country...
News

150 local suppliers participate in SBM Offshore compliance session in Guyana

OilNOW -
One hundred and fifty local suppliers in Guyana participated in a dual session on compliance held by SBM Offshore on Tuesday in Georgetown. The sessions, facilitated by the Centre for Local Business Development, are the most recent in a series...
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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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