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The NGC Group of Companies said its new subsidiary, NGC Green Company Limited (NGC Green), will be a 30% equity investor in 'Project Lara', Trinidad and Tobago’s first industrial-scale solar farm project, following the planned transfer of the interest...

With growing appeal as a travel destination, new oil producer Guyana recorded a record-breaking influx of tourists in 2023. The number, 319,056, equates to 40% of the country’s total population. This not only surpassed the previous record of 314,727 set...

Guyana’s oil and gas sector is set to hire over 1,600 Guyanese in the period 2024-2026. During the reading of the 2024 national budget, Guyana's finance minister, Dr. Ashni Singh, outlined the hiring forecast as detailed in the five-year...

TechnipFMC said it has been awarded a significant contract by bp for its Argos Southwest Extension project in the Mad Dog field. Significant contracts, according to TechnipFMC, are valued between US$75 million and US$250 million. Guyana among major oil producers driving...

Omni Helicopters has officially selected six Guyanese for the roles of search and rescue (SAR) rear crew with additional aviation security responsibilities, according to a January 15 press update. The selected team members, who have already commenced training, are...

Guyana’s Finance Minister, Dr. Ashni Singh, announced the anticipated commencement of the construction of the Gas-to-Energy (GtE) integrated facility, which includes a 300-megawatt (MW) power plant, in the second quarter of 2024. The government contracted a US-based group (CH4-Lindsayca)...

Guyana's Finance Minister, Dr. Ashni Singh, said the government received nine proposals from parties interested in building a refinery in the country’s Berbice region. Out of these, five were shortlisted and are currently under evaluation. The final ranking of...

Milan-listed offshore engineering and construction company Saipem is set to appeal a two-year ban on signing new contracts with the Brazilian public administration following an investigation into alleged irregularities surrounding a deal signed with Petrobras in 2011. The suspension, imposed...

Guyana’s Natural Resources Minister, Vickram Bharrat, has confirmed to OilNOW that studies are underway to determine which of ExxonMobil’s Stabroek Block projects can utilize the additional capacity of the Gas-to-Energy pipeline, following start-up in 2025. Mr. Bharrat said, “The Liza...

The United States of America has imported a cargo of Payara Gold crude for the first time, according to data from U.S. Customs and S&P Global Commodity Insights. The one-million-barrel cargo, shipped by China's CNOOC and consigned to ExxonMobil,...