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Multi-billion-dollar oil earnings seen as key to revolutionising Guyana’s agriculture

OilNOW -
With Guyana set to rake in billions of dollars in oil revenues from the Liza Phase 1 and 2, Payara, and Yellowtail Projects, two scholars of business assert that the country has a golden opportunity to revolutionise its agriculture...
News

Shell grants EPCI contract to TechnipFMC for Jackdaw development in UK North Sea

OilNOW -
TechnipFMC said Shell granted it a significant engineering, procurement, construction, and installation (EPCI) contract for the Jackdaw development in the United Kingdom (UK) North Sea. Shell took its final investment decision (FID) on Jackdaw in July after securing regulatory approvals....
News

246 businesses already armed with Local Content certificates

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker has praised the country’s Local Content Legislation as being simple, transparent, and equipped with several mechanisms to flush out non-compliant actors. During a radio interview last week, he...
News

Trinidad & Tobago signs milestone gas supply contract with bpTT

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) said on Friday that it signed a "milestone" gas supply contract with energy major, bp Trinidad and Tobago (bpTT), to ensure future domestic gas supply for the upcoming years. NGC’s...
Opinions

Experts explore Guyana’s emergence as an oil producer and implications for the future of the Venezuela-Essequibo controversy

OilNOW -
By Terrence Blackman, PhD and Utamu Bell – OilNOW The fourth episode of the Guyana Business Journal (GBJ) and the Caribbean Policy Consortium's (CPC) Webinar Series, "Transforming Guyana," got underway on Wednesday, September 14, with a discussion centered around "Guyana's...
News

Over 100 miles offshore, Exxon is prepping for Guyana’s 3rd oil project

OilNOW -
Development operations are in high gear at the Payara field, located just over 103 nautical miles offshore Guyana, South America’s up and coming second biggest producer. This marks ExxonMobil’s third project at the massive Stabroek Block where nearly 11...
News

Guyana’s next crude marketer to take over in last quarter of this year

OilNOW -
Guyana’s Ministry of Natural Resources said Thursday that the next contractor to market its entitlement of crude from the ExxonMobil-operated Stabroek Block will be taking over in the fourth quarter of 2022 for a period of one year. The marketers’ responsibilities will...
News

Guyana President takes defence diplomacy to the UN in border case with Venezuela

OilNOW -
Guyana is taking out all the stops in its effort to protect its territorial integrity from the threat of Venezuela. Even though it believes in the integrity of a judicial settlement in the border controversy against Venezuela, it sees...
News

McDermott bags EPSCI contract from TotalEnergies for Angola project

OilNOW -
TotalEnergies has contracted McDermott for engineering, procurement, supply, construction, installation (EPSCI), pre-commissioning, and assistance to commission and start up its Begonia Project offshore Angola, the latter said on Tuesday. The Begonia field is located in water depths between 400 and...
News

As Russia deliveries dwindle Germany has looked to Guyana, other locations for rare imports

OilNOW -
As oil and gas deliveries from Russia dwindle in wake of the war in Ukraine, Germany, Europe's biggest oil consumer, has been scrambling to find new sources of energy which has seen rare imports in recent months from countries...
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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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