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‘TT companies will move to Suriname if Ramps doesn’t get local content certificate’ – Trini business strategist

OilNOW -
If Guyana fails to grant Ramps Logistics a Local Content Certificate to operate within its oil sector, Trinidad and Tobago companies will take their business elsewhere, to neighbouring Suriname. This was communicated by a T&T business strategist – Jaishima Leladharsingh –...
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Major Brazil business delegation looking to enter Guyana’s oil and gas market

Shikema Dey -
The incredible growth of Guyana’s oil and gas sector has piqued the interest of investors across the world, looking to get in on the action. The latest is Brazil, with a major delegation scouting opportunities of its English-speaking neighbour...
News

Ramps Logistics says GRA charges of false declarations baseless

OilNOW -
Following the disclosure by the Guyana Revenue Authority (GRA) on Wednesday that it has instituted 10 charges against Ramps Logistics Guyana (RLG) for false declarations, the company has issued a statement calling the said charges baseless. While these charges will be reviewed...
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Guyana building regulator capacity for establishment of Petroleum Commission

OilNOW -
Guyana still intends to establish an independent Petroleum Commission. Permanent Secretary at the Minister of Natural Resources, Joslyn McKenzie, said earlier this week that the Guyana Geology and Mines Commission (GGMC) is being primed to evolve into this role. The Ministry,...
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With more financial flows, Guyana pushing digital payments, anti-money laundering efforts

OilNOW -
With Guyana’s financial sector expected to grow in tandem with the booming oil industry, it has been recognised by global watchdogs such as the International Monetary Fund (IMF) that authorities are beefing up efforts to maintain financial stability. In one...
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Ramps Logistics slapped with 10 charges from GRA for false declarations

OilNOW -
The Law Enforcement and Investigations Division (LEID) of the Guyana Revenue Authority (GRA) on Wednesday instituted 10 charges in the Georgetown Magistrate’s Court against Ramps Logistics (Guyana) Inc. for false declarations. Investigations determined, among others, that during the period of 2021 to 2022,...
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US State Department says Guyana/Venezuela land boundary should be respected

OilNOW -
The United States Department of State says the 1899 Arbitral Award, which settled the land boundary between Guyana and Venezuela, should be respected. This was stated in a Tuesday tweet by Assistant Secretary for Western Hemisphere Affairs, Brian Nichols. He said...
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Guyana aims to be top tier investment destination for oil, other industries – GCCI President

OilNOW -
With Guyana’s oil and gas sector poised to usher in a new area of unprecedented Foreign Direct Investments (FDI), it is critical that the country has a well-crafted plan to improve the business environment so that maximum benefits and...
News

Suriname to open auction for Demerara acreage in Q4

OilNOW -
Suriname’s state-oil entity Staatsolie plans to open an auction for nation’s Demerara acreage, during the fourth quarter of 2022. Staatsolie representatives revealed this at the Guyana Basins Summit (GBS) 2022 currently being held at the Pegasus Suites in Guyana. The...
News

123 years after settlement of boundary, Venezuela’s land grab aspirations now being driven by oil

OilNOW -
Earlier this week, Guyana commemorated the 123rd anniversary of the 1899 Arbitral Award, which settled a land boundary dispute which had existed between British Guiana (now Guyana) and Venezuela. A week prior, Venezuela released a statement alleging that Guyana’s pursuit...
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Latest News

Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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