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Guyana to create two-way channel in Demerara River as marine activities surge

OilNOW -
The rapid increase in offshore oil and gas operations is resulting in more marine traffic passing through Guyana’s main channel, the Demerara River. Dredging is required to facilitate this increase, and the government intends to do that in less...
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Oil slides nearly 5%, lowest in almost two weeks

OilNOW -
(Reuters) - Oil slumped nearly 5% to the lowest in almost two weeks on Monday, extending last week's decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth...
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IEA Advisor says national oil companies must be part of dialogue on energy transition

OilNOW -
While much of the global dialogue on energy transition from fossil fuels to renewables tends to focus on majors like ExxonMobil and Shell, it is the national oil companies (NOCs) that must be part of the conversation as well,...
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Zimbabwe businesses invited to invest in new oil & gas hotspot

OilNOW -
In a bid to foster closer relations with Zimbabwe, Guyana President, Dr. Irfaan Ali extended an invitation for businesses there to come take advantage of the South American nation’s investment opportunities. President Ali made the call as he accepted Letters...
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New facility looking to introduce robotic surgery in Guyana, first for the region

OilNOW -
As business activity continues to ramp up in the newest oil producing country in Latin America and the Caribbean, investors are betting big on new ventures which are set to change the face of Guyana in coming years. On Friday,...
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Guyana to rake in around US$106M for first lift of Unity Gold

OilNOW -
As Guyana prepares to receive its first entitlement lift of Unity Gold from the Liza Phase Two development, government expects about US$106 million to be deposited into the Natural Resource Fund from its sale. “The usual lifting entitlement amount of...
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GAICO boosts dredge operations with acquisition of US$7.5M Malavi-Hopper vessel

OilNOW -
GAICO Construction and General Services Inc. started from humble beginnings; with a little bobcat doing small-scale construction. But now, the company has blossomed into a large-scale venture plugging millions into Guyana's development. Its latest contribution is the acquisition of the...
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Grooming next generation of Guyanese oil workers; Energy Chamber has trained students from 18 schools

OilNOW -
After launching its inaugural oil and gas seminar for high schools students last November, the Guyana Oil and Gas Energy Chamber (GOGEC) has successfully trained students from 18 schools, its President Manniram Prashad told OilNOW on Friday. “We have completed about 18...
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Schlumberger rakes in higher profits in first quarter due to increased drilling activity

OilNOW -
Oilfield services company, Schlumberger recorded a 14 percent hike in profits for the first quarter of 2022, raking in some $5.96 billion in revenues. “Our first-quarter results set us firmly on the path to deliver full-year revenue growth in the...
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US envoy offers American solutions to Guyanese businesses looking to adopt renewable tech

OilNOW -
Companies looking to transition from carbon-free energy sources may find help with technologies from the United States, Ambassador Sarah-Ann Lynch said on Thursday. She was at the time addressing an energy roundtable discussion held by the American Chamber of...
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ONE GUYANA FPSO equipped to ensure uninterrupted gas handling offshore – GoG

The Government of Guyana has confirmed that the ONE GUYANA floating production storage and offloading (FPSO) vessel is the...

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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