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In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...

US$12.1 trillion in investments is what the world needs to meet the escalating global oil demand in the long term, according to the Organization of the Petroleum Exporting Countries (OPEC).  The demand for oil will not falter, according to OPEC....

By Dr. Ulric Trotz - OilNOW In our previous consideration of the utilisation of wastes for energy generation in Guyana, we discussed, so far, the potential of employing domestic and agricultural wastes, inclusive of wastes from livestock for this purpose....

The logistics and supply chain management industry is becoming an increasingly important facet in Guyana’s oil and gas industry. And Blue Water Shipping is ensuring that Guyanese get the best training to provide A-class services locally through its extensive...

The Extractive Industries Transparency Initiative (EITI) has introduced its updated 2023 Standard, which includes significant revisions aimed at addressing corruption risks and facilitating the global energy transition. The EITI Board has agreed on these revisions, which will be officially...

Tullow Oil plc, a global independent oil and gas exploration and production firm, has acquired full control of Project Oil Kenya in Turkana County. This takeover comes after the withdrawal of Tullow's two joint venture partners, Africa Oil Corp...

Aker Solutions, a leading global provider of engineering and subsea services, has been awarded a substantial contract from ExxonMobil Guyana for the Uaru project. The contract entails the provision of dynamic and static subsea umbilicals and includes the delivery...

In a move to strengthen its position in key U.S. production basins, Chevron Corporation has announced its plans to acquire PDC Energy, Inc. in an all-stock transaction valued at US$6.3 billion. The agreement, which was reached with a premium...

TechnipFMC, Halliburton, Baker Hughes, Saipem, and ExxonMobil have received approvals for their 2023 Local Content Annual Plans.  The event, held May 15, saw the presence of the Minister of Natural Resources, Vickram Bharrat, along with key representatives from the aforementioned...

As Guyana’s oil sector continues to give rise to a multiplicity of business opportunities, the Inter-American Development Bank (IDB) recently asserted that there are several hurdles authorities must address to ensure citizens are able to effectively leapfrog to these...